Cognizant Technology Solutions (NASDAQ:CTSH) Given New $55.00 Price Target at UBS Group

Cognizant Technology Solutions (NASDAQ:CTSH) had its price target reduced by investment analysts at UBS Group from $60.00 to $55.00 in a note issued to investors on Monday,MarketScreener reports. UBS Group’s price objective points to a potential upside of 13.66% from the company’s previous close.

Several other research firms have also weighed in on CTSH. JPMorgan Chase & Co. lowered their price objective on shares of Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating for the company in a research note on Tuesday, April 28th. Argus raised shares of Cognizant Technology Solutions to a “hold” rating in a research note on Tuesday, February 10th. Citigroup reiterated a “neutral” rating and set a $58.00 price objective (down from $68.00) on shares of Cognizant Technology Solutions in a report on Thursday, April 30th. Mizuho cut their price objective on shares of Cognizant Technology Solutions from $87.00 to $68.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Finally, Evercore decreased their target price on Cognizant Technology Solutions from $100.00 to $70.00 in a research report on Thursday, April 30th. Ten equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cognizant Technology Solutions presently has a consensus rating of “Hold” and a consensus price target of $73.33.

Cognizant Technology Solutions Trading Down 1.7%

Shares of CTSH traded down $0.86 during trading hours on Monday, hitting $48.39. 1,007,273 shares of the stock were exchanged, compared to its average volume of 6,481,401. Cognizant Technology Solutions has a fifty-two week low of $48.32 and a fifty-two week high of $87.03. 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 $59.73 and a 200-day moving average of $71.10. The firm has a market capitalization of $22.93 billion, a P/E ratio of 10.54, a price-to-earnings-growth ratio of 1.09 and a beta of 0.81.

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

Institutional Trading of Cognizant Technology Solutions

A number of large investors have recently added to or reduced their stakes in CTSH. AustralianSuper Pty Ltd purchased a new position in Cognizant Technology Solutions during the 3rd quarter valued at about $4,422,000. Alps Advisors Inc. lifted its holdings in shares of Cognizant Technology Solutions by 16.5% in the third quarter. Alps Advisors Inc. now owns 306,078 shares of the information technology service provider’s stock worth $20,529,000 after buying an additional 43,252 shares in the last quarter. Arjuna Capital boosted its position in shares of Cognizant Technology Solutions by 62.6% in the third quarter. Arjuna Capital now owns 24,622 shares of the information technology service provider’s stock valued at $1,651,000 after acquiring an additional 9,482 shares during the period. National Pension Service boosted its position in shares of Cognizant Technology Solutions by 5.5% in the third quarter. National Pension Service now owns 863,720 shares of the information technology service provider’s stock valued at $57,930,000 after acquiring an additional 45,016 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Cognizant Technology Solutions by 11.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 193,464 shares of the information technology service provider’s stock valued at $12,976,000 after acquiring an additional 19,177 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.