Analysts Set Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Target Price at $73.00

Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) have received an average recommendation of “Hold” from the twenty-three analysts that are covering the firm, Marketbeat Ratings reports. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $72.6818.

CTSH has been the subject of a number of research analyst reports. Guggenheim cut their target price on shares of 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. Dbs Bank cut their target price on shares of Cognizant Technology Solutions from $80.00 to $66.00 in a research report on Thursday, May 7th. HSBC cut their target price on shares of Cognizant Technology Solutions from $98.00 to $80.00 in a research report on Thursday, April 30th. Wells Fargo & Company cut their target price on shares of Cognizant Technology Solutions from $98.00 to $83.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group set a $75.00 target price on shares of Cognizant Technology Solutions in a research report on Wednesday, April 29th.

Institutional Investors Weigh In On Cognizant Technology Solutions

A number of large investors have recently added to or reduced their stakes in CTSH. NewEdge Advisors LLC lifted its stake in shares of Cognizant Technology Solutions by 12.0% during the 1st quarter. NewEdge Advisors LLC now owns 19,107 shares of the information technology service provider’s stock valued at $1,172,000 after buying an additional 2,045 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in shares of Cognizant Technology Solutions by 21.6% during the 1st quarter. Glenmede Trust Co. NA now owns 262,308 shares of the information technology service provider’s stock valued at $16,093,000 after buying an additional 46,575 shares in the last quarter. Access Investment Management LLC lifted its stake in shares of Cognizant Technology Solutions by 1,260.8% during the 1st quarter. Access Investment Management LLC now owns 73,075 shares of the information technology service provider’s stock valued at $4,483,000 after buying an additional 67,705 shares in the last quarter. Strategic Investment Advisors MI lifted its stake in shares of Cognizant Technology Solutions by 4.5% during the 1st quarter. Strategic Investment Advisors MI now owns 12,350 shares of the information technology service provider’s stock valued at $758,000 after buying an additional 536 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in shares of Cognizant Technology Solutions by 43.3% during the 1st quarter. Arkadios Wealth Advisors now owns 7,011 shares of the information technology service provider’s stock valued at $430,000 after buying an additional 2,120 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

CTSH stock opened at $53.21 on Monday. The firm has a 50 day moving average price of $55.65 and a 200-day moving average price of $68.48. Cognizant Technology Solutions has a 52-week low of $45.48 and a 52-week high of $87.03. The firm has a market capitalization of $25.21 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.13 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 2.23.

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

Cognizant Technology Solutions announced that its board has approved a share repurchase program on Monday, May 18th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the information technology service provider to buy up to 9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Cognizant Technology Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, May 18th. Cognizant Technology Solutions’s payout ratio is 28.70%.

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.