Cognizant Technology Solutions (NASDAQ:CTSH) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Cognizant Technology Solutions (NASDAQ:CTSH) had its target price raised by analysts at Wells Fargo & Company from $82.00 to $87.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the information technology service provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 19.37% from the company’s current price.

A number of other equities research analysts have also recently issued reports on CTSH. Royal Bank Of Canada lowered their target price on shares of Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating on the stock in a report on Thursday. Citigroup began coverage on shares of Cognizant Technology Solutions in a report on Thursday, October 23rd. They set a “neutral” rating and a $75.00 target price on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Cognizant Technology Solutions in a report on Wednesday, October 8th. UBS Group set a $78.00 target price on shares of Cognizant Technology Solutions and gave the company a “neutral” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They set a “hold” rating and a $80.00 target price on the stock. Six analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $85.19.

Cognizant Technology Solutions Price Performance

Cognizant Technology Solutions stock opened at $72.88 on Thursday. Cognizant Technology Solutions has a 12 month low of $65.15 and a 12 month high of $90.82. The company has a current ratio of 2.36, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04. The business’s 50 day simple moving average is $69.02 and its 200 day simple moving average is $73.66. The company has a market cap of $35.59 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 1.47 and a beta of 0.95.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, October 29th. The information technology service provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.30 by $0.09. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.The business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the prior year, the business earned $1.25 earnings per share. Cognizant Technology Solutions’s revenue for the quarter was up 7.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. Sell-side analysts forecast that Cognizant Technology Solutions will post 4.98 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC bought a new stake in shares of Cognizant Technology Solutions in the 4th quarter worth approximately $214,000. Mather Group LLC. raised its position in Cognizant Technology Solutions by 210.6% in the 1st quarter. Mather Group LLC. now owns 4,578 shares of the information technology service provider’s stock worth $350,000 after purchasing an additional 3,104 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Cognizant Technology Solutions by 1.7% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 63,822 shares of the information technology service provider’s stock worth $4,882,000 after purchasing an additional 1,079 shares during the last quarter. DAVENPORT & Co LLC purchased a new stake in Cognizant Technology Solutions during the first quarter valued at about $1,094,000. Finally, Rossby Financial LCC bought a new position in shares of Cognizant Technology Solutions during the first quarter valued at about $246,000. 92.44% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.