Cognizant Technology Solutions’ (CTSH) Outperform Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of Cognizant Technology Solutions (NASDAQ:CTSH) in a research note released on Friday morning,Benzinga reports. Wedbush currently has a $70.00 price target on the information technology service provider’s stock.

Other analysts have also issued research reports about the company. Morgan Stanley reissued a “negative” rating and set a $51.00 price objective (up from $44.00) on shares of Cognizant Technology Solutions in a report on Thursday, July 30th. Mizuho set a $64.00 target price on Cognizant Technology Solutions in a research note on Thursday, August 6th. Robert W. Baird set a $68.00 target price on Cognizant Technology Solutions in a research report on Thursday, July 30th. HSBC decreased their price target on shares of Cognizant Technology Solutions from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Cognizant Technology Solutions from $74.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Ten analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $64.43.

Cognizant Technology Solutions Stock Performance

NASDAQ:CTSH opened at $58.51 on Friday. The firm’s 50-day moving average is $59.22 and its 200-day moving average is $54.43. The company has a market cap of $26.36 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.09 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.18 and a current ratio of 2.18. Cognizant Technology Solutions has a 52-week low of $37.08 and a 52-week high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.01). Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The company had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the business posted $1.31 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. Equities research analysts anticipate that Cognizant Technology Solutions will post 5.74 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 18th were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.32 annualized dividend and a yield of 2.3%. Cognizant Technology Solutions’s payout ratio is currently 28.39%.

Institutional Trading of Cognizant Technology Solutions

A number of large investors have recently bought and sold shares of CTSH. Root Financial Partners LLC lifted its position in Cognizant Technology Solutions by 26.8% during the 4th quarter. Root Financial Partners LLC now owns 780 shares of the information technology service provider’s stock valued at $65,000 after purchasing an additional 165 shares during the period. Parallel Advisors LLC grew its position in shares of Cognizant Technology Solutions by 2.2% during the 4th quarter. Parallel Advisors LLC now owns 8,610 shares of the information technology service provider’s stock worth $715,000 after buying an additional 186 shares during the period. Resources Management Corp CT ADV grew its position in shares of Cognizant Technology Solutions by 6.1% during the 4th quarter. Resources Management Corp CT ADV now owns 3,695 shares of the information technology service provider’s stock worth $307,000 after buying an additional 211 shares during the period. Capital Advisors Ltd. LLC raised its stake in shares of Cognizant Technology Solutions by 34.5% during the first quarter. Capital Advisors Ltd. LLC now owns 959 shares of the information technology service provider’s stock worth $59,000 after buying an additional 246 shares during the last quarter. Finally, Security National Bank of SO Dak raised its stake in shares of Cognizant Technology Solutions by 1.1% during the second quarter. Security National Bank of SO Dak now owns 25,780 shares of the information technology service provider’s stock worth $998,000 after buying an additional 290 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation (NASDAQ: CTSH) is a global professional services and information technology company that helps businesses modernize their operations and technology infrastructure. Its services include IT consulting, systems integration, application development and modernization, cloud computing, data and analytics, artificial intelligence, cybersecurity, and digital engineering.

The company also provides business process services and industry-specific solutions for sectors such as financial services, healthcare, life sciences, manufacturing, retail, communications, and information technology.