Cognizant Technology Solutions’ (CTSH) “Hold” Rating Reiterated at TD Cowen

TD Cowen restated their hold rating on shares of Cognizant Technology Solutions (NASDAQ:CTSH) in a research note released on Friday,Benzinga reports. They currently have a $54.00 price target on the information technology service provider’s stock.

Several other equities analysts have also issued reports on the company. Daiwa Securities Group dropped their price objective on Cognizant Technology Solutions from $65.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, June 24th. HSBC decreased their target price on Cognizant Technology Solutions from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Wedbush raised Cognizant Technology Solutions from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $56.00 to $70.00 in a research report on Monday, June 8th. Mizuho set a $64.00 price objective on Cognizant Technology Solutions in a research note on Thursday, August 6th. Finally, Morgan Stanley reissued a “negative” rating and issued a $51.00 price objective (up from $44.00) on shares of Cognizant Technology Solutions in a report on Thursday, July 30th. Ten research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cognizant Technology Solutions has an average rating of “Hold” and an average target price of $63.65.

Cognizant Technology Solutions Stock Performance

CTSH opened at $59.87 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.18 and a current ratio of 2.18. Cognizant Technology Solutions has a one year low of $37.08 and a one year high of $87.03. The company has a market cap of $26.97 billion, a P/E ratio of 12.88, a PEG ratio of 1.11 and a beta of 0.83. The business’s 50-day simple moving average is $56.37 and its 200-day simple moving average is $54.79.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The business had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the company earned $1.31 earnings per share. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. As a group, equities research analysts expect that Cognizant Technology Solutions will post 5.74 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 18th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, August 18th. Cognizant Technology Solutions’s payout ratio is 28.39%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Signature Equity Partners LLC lifted its holdings in shares of Cognizant Technology Solutions by 102.4% during the first quarter. Signature Equity Partners LLC now owns 599 shares of the information technology service provider’s stock worth $37,000 after purchasing an additional 303 shares during the period. Reflection Asset Management acquired a new position in Cognizant Technology Solutions in the 4th quarter valued at $40,000. MV Capital Management Inc. acquired a new position in Cognizant Technology Solutions in the 4th quarter valued at $42,000. Kingdom Financial Group LLC. purchased a new position in Cognizant Technology Solutions during the 4th quarter worth $45,000. Finally, SJS Investment Consulting Inc. lifted its stake in shares of Cognizant Technology Solutions by 1,580.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 840 shares of the information technology service provider’s stock worth $52,000 after acquiring an additional 790 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation is a professional services and information technology company that helps organizations modernize their technology infrastructure, operations and customer experiences. The company provides consulting, systems integration, application development and maintenance, and business process services to clients across industries.

Its offerings include cloud enablement, software engineering, data and analytics, artificial intelligence, cybersecurity, automation and digital workplace solutions.