Cognizant Technology Solutions (NASDAQ:CTSH) Price Target Lowered to $68.00 at Mizuho

Cognizant Technology Solutions (NASDAQ:CTSH) had its price target trimmed by Mizuho from $87.00 to $68.00 in a report issued on Wednesday, MarketBeat reports. The firm currently has a neutral rating on the information technology service provider’s stock.

Several other brokerages also recently weighed in on CTSH. Guggenheim decreased their target price on Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. UBS Group decreased their target price on Cognizant Technology Solutions from $67.00 to $64.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Royal Bank Of Canada upped their target price on Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. decreased their target price on Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. Finally, Susquehanna decreased their target price on Cognizant Technology Solutions from $98.00 to $88.00 and set a “positive” rating for the company in a research report on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $75.45.

Cognizant Technology Solutions Stock Performance

Shares of NASDAQ:CTSH opened at $51.33 on Wednesday. The firm has a market capitalization of $24.55 billion, a PE ratio of 11.16, a P/E/G ratio of 1.09 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.23 and a quick ratio of 2.23. The business has a 50-day moving average of $60.42 and a two-hundred day moving average of $71.45. Cognizant Technology Solutions has a 12 month low of $50.81 and a 12 month high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.33 by $0.07. The company had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.41 billion. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The firm’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.23 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, research analysts forecast that Cognizant Technology Solutions will post 5.7 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Monday, May 18th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.6%. Cognizant Technology Solutions’s dividend payout ratio is currently 28.70%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CTSH. Norges Bank purchased a new position in Cognizant Technology Solutions in the fourth quarter valued at about $690,959,000. GQG Partners LLC purchased a new position in Cognizant Technology Solutions in the fourth quarter valued at about $673,651,000. CIBC Bancorp USA Inc. acquired a new stake in Cognizant Technology Solutions during the third quarter valued at approximately $201,834,000. Cibc World Markets Corp acquired a new stake in Cognizant Technology Solutions during the fourth quarter valued at approximately $234,671,000. Finally, Pzena Investment Management LLC raised its stake in Cognizant Technology Solutions by 14.9% during the first 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 buying an additional 2,633,683 shares in the last quarter. Hedge funds and other institutional investors 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.