Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Given Consensus Rating of “Hold” by Analysts

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has been given an average recommendation of “Hold” by the nineteen analysts that are currently covering the company, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $85.4375.

Several brokerages have issued reports on CTSH. Guggenheim reaffirmed a “buy” rating and issued a $85.00 price objective (down previously from $90.00) on shares of Cognizant Technology Solutions in a research report on Tuesday, October 21st. Citigroup initiated coverage on shares of Cognizant Technology Solutions in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $75.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $84.00 price objective on shares of Cognizant Technology Solutions in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research note on Monday.

Cognizant Technology Solutions Stock Down 1.4%

Shares of NASDAQ CTSH opened at $83.00 on Friday. The stock has a fifty day moving average price of $77.80 and a 200 day moving average price of $74.08. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions has a 12-month low of $65.15 and a 12-month high of $90.82. The company has a market cap of $40.06 billion, a P/E ratio of 19.26, a P/E/G ratio of 1.69 and a beta of 0.96.

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

Cognizant Technology Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, November 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.77%.

Insider Buying and Selling at Cognizant Technology Solutions

In other news, CAO John Sunshin Kim sold 2,500 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $200,000.00. Following the completion of the transaction, the chief accounting officer directly owned 36,149 shares in the company, valued at approximately $2,891,920. This represents a 6.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Patsalos-Fox sold 7,000 shares of Cognizant Technology Solutions stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $83.52, for a total transaction of $584,640.00. Following the completion of the sale, the director owned 47,729 shares of the company’s stock, valued at approximately $3,986,326.08. This trade represents a 12.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,206 shares of company stock valued at $2,336,771 in the last three months. Corporate insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Cognizant Technology Solutions

Institutional investors have recently modified their holdings of the stock. Unison Advisors LLC grew its stake in Cognizant Technology Solutions by 0.5% during the 2nd quarter. Unison Advisors LLC now owns 29,843 shares of the information technology service provider’s stock worth $2,329,000 after buying an additional 135 shares during the last quarter. Security National Bank of SO Dak raised its holdings in Cognizant Technology Solutions by 0.6% during the third quarter. Security National Bank of SO Dak now owns 24,785 shares of the information technology service provider’s stock worth $1,662,000 after purchasing an additional 150 shares in the last quarter. NewSquare Capital LLC lifted its holdings in shares of 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 valued at $29,000 after buying an additional 153 shares during the period. Haven Private LLC lifted its holdings in Cognizant Technology Solutions by 1.9% in the 3rd quarter. Haven Private LLC now owns 8,451 shares of the information technology service provider’s stock valued at $567,000 after acquiring an additional 157 shares during the last quarter. Finally, STF Management LP boosted its holdings in Cognizant Technology Solutions by 2.1% during the second quarter. STF Management LP now owns 7,534 shares of the information technology service provider’s stock worth $588,000 after buying an additional 158 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

About Cognizant Technology Solutions

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.