Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Receives Average Rating of “Hold” from Analysts

Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) have earned an average recommendation of “Hold” from the eighteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $85.1875.

A number of equities research analysts have recently issued reports on CTSH shares. Evercore ISI began coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued an “outperform” rating and a $100.00 target price on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a “hold” rating and a $80.00 price objective for the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $84.00 target price on shares of Cognizant Technology Solutions in a report on Wednesday, October 29th. Guggenheim reiterated a “buy” rating and issued a $85.00 target price (down previously from $90.00) on shares of Cognizant Technology Solutions in a research report on Tuesday, October 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cognizant Technology Solutions in a research report on Thursday, October 30th.

Insider Activity at Cognizant Technology Solutions

In related news, CAO John Sunshin Kim sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $75.18, for a total transaction of $187,950.00. Following the completion of the sale, the chief accounting officer owned 36,630 shares of the company’s stock, valued at $2,753,843.40. This represents a 6.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Cognizant Technology Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hilltop National Bank bought a new stake in shares of Cognizant Technology Solutions in the 2nd quarter worth approximately $27,000. NewSquare Capital LLC increased its position in Cognizant Technology Solutions by 71.8% in the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock worth $29,000 after buying an additional 153 shares during the period. High Note Wealth LLC lifted its stake in Cognizant Technology Solutions by 22,450.0% in the third quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock valued at $30,000 after buying an additional 449 shares during the last quarter. New Millennium Group LLC acquired a new position in shares of Cognizant Technology Solutions during the third quarter valued at $34,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Cognizant Technology Solutions by 118.8% during the first quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock worth $44,000 after acquiring an additional 309 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH opened at $74.20 on Thursday. The company has a quick ratio of 2.41, a current ratio of 2.36 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions has a fifty-two week low of $65.15 and a fifty-two week high of $90.82. The business has a 50 day moving average price of $69.23 and a two-hundred day moving average price of $73.84. The firm has a market cap of $35.81 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 1.47 and a beta of 0.98.

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

Cognizant Technology Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, November 18th. Cognizant Technology Solutions’s dividend payout ratio is 28.77%.

About Cognizant Technology Solutions

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.