Cognizant Technology Solutions (NASDAQ:CTSH) Stock Keeps Outperform Rating at Wedbush

Cognizant Technology Solutions (NASDAQ:CTSH)‘s stock had its “outperform” rating reissued by equities research analysts at Wedbush in a report issued on Friday, Benzinga reports. They presently have a $70.00 price objective on the information technology service provider’s stock. Wedbush’s target price would suggest a potential upside of 16.65% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. TD Cowen reissued a “hold” rating and issued a $54.00 price objective on shares of Cognizant Technology Solutions in a research report on Friday, September 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cognizant Technology Solutions in a research report on Friday, August 7th. Morgan Stanley reissued a “negative” rating and issued a $51.00 price objective (up from $44.00) on shares of Cognizant Technology Solutions in a research report on Thursday, July 30th. Guggenheim reissued a “buy” rating and issued a $65.00 price objective (down from $80.00) on shares of Cognizant Technology Solutions in a research report on Monday, July 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Cognizant Technology Solutions from $74.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Ten analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cognizant Technology Solutions has an average rating of “Hold” and an average target price of $64.43.

Cognizant Technology Solutions Price Performance

Cognizant Technology Solutions stock opened at $60.01 on Friday. Cognizant Technology Solutions has a 52-week low of $37.08 and a 52-week high of $87.03. The firm has a fifty day moving average of $59.72 and a 200-day moving average of $54.34. The firm has a market capitalization of $27.03 billion, a P/E ratio of 12.91, a PEG ratio of 1.07 and a beta of 0.86. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.11.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.01). Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%.The business had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period in the previous year, the company earned $1.31 EPS. Cognizant Technology Solutions’s 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. As a group, analysts predict that Cognizant Technology Solutions will post 5.74 EPS for the current year.

Institutional Investors Weigh In On Cognizant Technology Solutions

A number of large investors have recently added to or reduced their stakes in CTSH. Resources Management Corp CT ADV lifted its position in shares of Cognizant Technology Solutions by 6.1% in 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 last quarter. Capital Advisors Ltd. LLC lifted its position in shares of Cognizant Technology Solutions by 34.5% in the 1st 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. Security National Bank of SO Dak lifted its position in shares of Cognizant Technology Solutions by 1.1% in the 2nd 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. Signature Equity Partners LLC lifted its position in shares of Cognizant Technology Solutions by 102.4% in the 1st quarter. Signature Equity Partners LLC now owns 599 shares of the information technology service provider’s stock worth $37,000 after buying an additional 303 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co lifted its position in shares of Cognizant Technology Solutions by 3.6% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 9,338 shares of the information technology service provider’s stock worth $573,000 after buying an additional 322 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Cognizant Technology Solutions Company Profile

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.