Cognizant Technology Solutions (NASDAQ:CTSH) Given New $71.00 Price Target at TD Cowen

Cognizant Technology Solutions (NASDAQ:CTSH) had its target price lowered by TD Cowen from $85.00 to $71.00 in a report published on Friday morning, Marketbeat Ratings reports. TD Cowen currently has a hold rating on the information technology service provider’s stock.

A number of other equities research analysts also recently commented on the stock. Argus upgraded shares of Cognizant Technology Solutions to a “hold” rating in a research report on Tuesday, February 10th. Mizuho set a $87.00 target price on Cognizant Technology Solutions in a research report on Monday, February 9th. Deutsche Bank Aktiengesellschaft raised 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. Citigroup reissued a “neutral” rating and issued a $86.00 price target (up from $75.00) on shares of Cognizant Technology Solutions in a report on Thursday, January 22nd. Finally, BMO Capital Markets set a $83.00 price objective on Cognizant Technology Solutions in a report on Thursday, February 12th. Ten analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Cognizant Technology Solutions has a consensus rating of “Hold” and a consensus price target of $88.78.

Cognizant Technology Solutions Stock Performance

Shares of CTSH opened at $60.37 on Friday. The stock has a market capitalization of $28.87 billion, a P/E ratio of 13.27, a P/E/G ratio of 1.33 and a beta of 0.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.14 and a current ratio of 2.14. Cognizant Technology Solutions has a 1 year low of $60.03 and a 1 year high of $87.03. The company’s fifty day moving average is $74.08 and its two-hundred day moving average is $73.84.

Cognizant Technology Solutions (NASDAQ:CTSH) last released 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 analysts’ expectations of $5.31 billion. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business earned $1.21 EPS. 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 earnings per share for the current year.

Cognizant Technology Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.2%. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, February 18th. Cognizant Technology Solutions’s dividend payout ratio is 29.01%.

Insider Activity

In related news, insider Surya Gummadi sold 1,728 shares of the firm’s stock in a transaction that occurred on 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 directly owned 25,641 shares of the company’s stock, valued at $2,129,741.46. This trade represents a 6.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ravi Kumar Singisetti sold 2,950 shares of Cognizant Technology Solutions stock in a transaction on Friday, December 19th. The stock was sold at an average price of $85.06, for a total value of $250,927.00. Following the transaction, the chief executive officer directly owned 75,209 shares of the company’s stock, valued at approximately $6,397,277.54. This represents a 3.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 16,809 shares of company stock worth $1,426,138. Company insiders own 0.32% of the company’s stock.

Institutional Trading of Cognizant Technology Solutions

Large investors have recently bought and sold shares of the company. JPL Wealth Management LLC purchased a new position in shares of Cognizant Technology Solutions in the third quarter valued at $25,000. Lodestone Wealth Management LLC purchased a new stake in shares of Cognizant Technology Solutions in the 4th quarter worth about $28,000. Flagship Harbor Advisors LLC acquired a new stake in Cognizant Technology Solutions in the 4th quarter valued at about $28,000. Physician Wealth Advisors Inc. increased 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 valued at $28,000 after acquiring an additional 213 shares in the last quarter. Finally, Prosperity Bancshares Inc purchased a new position in Cognizant Technology Solutions during the 4th quarter valued at about $29,000. Institutional investors and hedge funds 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.