Cognizant Technology Solutions (NASDAQ:CTSH) Stock Price Up 4.7% – What’s Next?

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) rose 4.7% on Tuesday. The company traded as high as $62.54 and last traded at $62.4830. 413,439 shares were traded during trading, a decline of 95% from the average session volume of 7,990,033 shares. The stock had previously closed at $59.68.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CTSH shares. Wedbush reissued an “outperform” rating and set a $70.00 price target on shares of Cognizant Technology Solutions in a research report on Friday. Weiss Ratings restated a “hold (c-)” rating on shares of Cognizant Technology Solutions in a report on Friday, August 7th. Morgan Stanley restated a “negative” rating and issued a $51.00 price target (up from $44.00) on shares of Cognizant Technology Solutions in a report on Thursday, July 30th. Robert W. Baird set a $68.00 price target on shares of Cognizant Technology Solutions in a research report on Thursday, July 30th. Finally, Berenberg Bank set a $59.00 price objective on shares of Cognizant Technology Solutions and gave the company a “hold” rating in a research note on Wednesday, June 17th. Ten research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Cognizant Technology Solutions presently has an average rating of “Hold” and a consensus price target of $64.43.

Cognizant Technology Solutions Trading Up 4.1%

The stock has a market capitalization of $27.97 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 1.11 and a beta of 0.86. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $59.89 and a 200 day moving average price of $54.32.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the business earned $1.31 EPS. Cognizant Technology Solutions’s revenue for the quarter was up 4.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. On average, research analysts forecast that Cognizant Technology Solutions Corporation will post 5.74 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 18th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, August 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 28.39%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CTSH. Evolve Private Wealth LLC purchased a new position in Cognizant Technology Solutions in the fourth quarter worth $2,642,000. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Cognizant Technology Solutions during the first quarter worth $29,510,000. Ancora Advisors LLC acquired a new position in shares of Cognizant Technology Solutions during the second quarter worth $2,929,000. Artemis Investment Management LLP lifted its holdings in shares of Cognizant Technology Solutions by 289.6% during the 3rd quarter. Artemis Investment Management LLP now owns 2,905,584 shares of the information technology service provider’s stock valued at $166,897,000 after purchasing an additional 2,159,704 shares during the last quarter. Finally, Pzena Investment Management LLC lifted its holdings in shares of Cognizant Technology Solutions by 14.9% during the 1st quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock valued at $1,243,096,000 after purchasing an additional 2,633,683 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

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.