Cognizant Technology Solutions (NASDAQ:CTSH) Coverage Initiated at Wedbush

Stock analysts at Wedbush began coverage on shares of Cognizant Technology Solutions (NASDAQ:CTSH) in a research note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage set a “neutral” rating and a $61.00 price target on the information technology service provider’s stock. Wedbush’s price objective would suggest a potential upside of 5.32% from the stock’s current price.

CTSH has been the subject of several other research reports. Argus upgraded Cognizant Technology Solutions to a “hold” rating in a research report on Tuesday, February 10th. TD Cowen decreased their target price on Cognizant Technology Solutions from $85.00 to $71.00 and set a “hold” rating for the company in a research report on Friday, March 13th. Susquehanna reiterated a “positive” rating and issued a $98.00 target price on shares of Cognizant Technology Solutions in a research report on Friday, January 23rd. Weiss Ratings lowered Cognizant Technology Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. Finally, UBS Group set a $71.00 target price on Cognizant Technology Solutions in a research report on Friday, March 13th. Nine equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $85.84.

Cognizant Technology Solutions Price Performance

Shares of CTSH opened at $57.92 on Thursday. The firm has a market cap of $27.70 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 1.29 and a beta of 0.98. The stock has a 50 day moving average of $64.76 and a 200-day moving average of $72.51. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions has a 52 week low of $57.39 and a 52 week high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.32 by $0.03. The company had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.31 billion. Cognizant Technology Solutions had a return on equity of 17.17% and a net margin of 10.56%.The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. As a group, analysts forecast that Cognizant Technology Solutions will post 4.98 EPS for the current year.

Insider Buying and Selling

In related news, insider Surya Gummadi sold 1,728 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $83.06, for a total transaction of $143,527.68. Following the completion of the transaction, the insider directly owned 25,641 shares in the company, valued at $2,129,741.46. This represents a 6.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cognizant Technology Solutions

Hedge funds have recently made changes to their positions in the business. JPL Wealth Management LLC acquired a new position in Cognizant Technology Solutions during the 3rd quarter worth $25,000. Lodestone Wealth Management LLC acquired a new position in Cognizant Technology Solutions during the 4th quarter worth $28,000. Flagship Harbor Advisors LLC acquired a new position in Cognizant Technology Solutions during the 4th quarter worth $28,000. Physician Wealth Advisors Inc. boosted its position in Cognizant Technology Solutions by 165.1% during the 4th quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock worth $28,000 after acquiring an additional 213 shares during the period. Finally, Prosperity Bancshares Inc acquired a new position in Cognizant Technology Solutions during the 4th quarter worth $29,000. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Company Profile

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.