Cognizant Technology Solutions (NASDAQ:CTSH) Price Target Cut to $64.00 by Analysts at UBS Group

Cognizant Technology Solutions (NASDAQ:CTSH) had its target price reduced by UBS Group from $67.00 to $64.00 in a report published on Monday morning,Benzinga reports. They currently have a neutral rating on the information technology service provider’s stock.

A number of other research firms have also recently weighed in on CTSH. BMO Capital Markets set a $83.00 price target on Cognizant Technology Solutions in a report on Thursday, February 12th. Royal Bank Of Canada upped their target price on Cognizant Technology Solutions from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Thursday, February 5th. Argus upgraded Cognizant Technology Solutions to a “hold” rating in a research note on Tuesday, February 10th. Berenberg Bank set a $107.00 target price on Cognizant Technology Solutions and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Citigroup dropped their target price on Cognizant Technology Solutions from $86.00 to $68.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Nine analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $85.47.

Cognizant Technology Solutions Stock Up 4.5%

Cognizant Technology Solutions stock opened at $60.53 on Monday. The stock’s 50 day moving average price is $64.31 and its 200 day moving average price is $72.53. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.14 and a quick ratio of 2.14. The company has a market cap of $28.95 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.26 and a beta of 0.98. Cognizant Technology Solutions has a 1-year low of $57.39 and a 1-year high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.31 billion. Cognizant Technology Solutions had a return on equity of 17.17% and a net margin of 10.56%.Cognizant Technology Solutions’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. On average, sell-side analysts predict that Cognizant Technology Solutions will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th were given a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 2.2%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 29.01%.

Insider Buying and Selling

In related news, insider Surya Gummadi sold 1,728 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $83.06, for a total value of $143,527.68. Following the completion of the transaction, the insider owned 25,641 shares of the company’s stock, valued at approximately $2,129,741.46. This represents a 6.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CTSH. Flagship Harbor Advisors LLC bought a new position in Cognizant Technology Solutions during the 4th quarter worth approximately $28,000. Physician Wealth Advisors Inc. lifted its holdings 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 buying an additional 213 shares during the last quarter. Lodestone Wealth Management LLC bought a new position in Cognizant Technology Solutions during the fourth quarter worth $28,000. Prosperity Bancshares Inc acquired a new position in Cognizant Technology Solutions in the fourth quarter worth $29,000. Finally, Towne Trust Company N.A boosted its holdings in Cognizant Technology Solutions by 85.0% in the fourth quarter. Towne Trust Company N.A now owns 370 shares of the information technology service provider’s stock worth $31,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors 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.