TD Cowen Has Lowered Expectations for Cognizant Technology Solutions (NASDAQ:CTSH) Stock Price

Cognizant Technology Solutions (NASDAQ:CTSH) had its price objective cut by analysts at TD Cowen from $85.00 to $71.00 in a report issued on Friday, MarketBeat.com reports. The firm presently has a “hold” rating on the information technology service provider’s stock. TD Cowen’s price objective points to a potential upside of 17.61% from the company’s previous close.

CTSH has been the subject of a number of other reports. Argus upgraded Cognizant Technology Solutions to a “hold” rating in a research note on Tuesday, February 10th. BMO Capital Markets set a $83.00 price target on shares of Cognizant Technology Solutions in a research report on Thursday, February 12th. Citigroup restated a “neutral” rating and issued a $86.00 price objective (up from $75.00) on shares of Cognizant Technology Solutions in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Monday, January 26th. Finally, Weiss Ratings upgraded shares of Cognizant Technology Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. Ten equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $88.78.

Cognizant Technology Solutions Stock Down 1.3%

Shares of CTSH opened at $60.37 on Friday. The company has a market capitalization of $28.87 billion, a P/E ratio of 13.27, a PEG ratio of 1.31 and a beta of 0.99. Cognizant Technology Solutions has a one year low of $60.03 and a one year high of $87.03. The business’s 50 day simple moving average is $74.08 and its 200-day simple moving average is $73.86. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.14 and a quick ratio of 2.14.

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

Insider Buying and Selling at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, CEO Ravi Kumar Singisetti sold 2,950 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $85.06, for a total transaction of $250,927.00. Following the transaction, the chief executive officer directly owned 75,209 shares in the company, valued at approximately $6,397,277.54. This represents a 3.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Patsalos-Fox sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $85.30, for a total transaction of $341,200.00. Following the completion of the transaction, the director directly owned 37,729 shares in the company, valued at $3,218,283.70. This trade represents a 9.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 16,809 shares of company stock worth $1,426,138. 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 CTSH. JPL Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions during the 3rd quarter valued at $25,000. Lodestone Wealth Management LLC bought a new position in shares of Cognizant Technology Solutions in the 4th quarter worth $28,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Cognizant Technology Solutions during the fourth quarter worth $28,000. Physician Wealth Advisors Inc. grew its stake in shares of Cognizant Technology Solutions by 165.1% during the fourth quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock worth $28,000 after purchasing an additional 213 shares during the period. Finally, Prosperity Bancshares Inc bought a new stake in Cognizant Technology Solutions in the fourth quarter valued at about $29,000. 92.44% of the stock is owned by institutional investors.

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.