Cognizant Technology Solutions (NASDAQ:CTSH) Stock Price Target Raised at JPMorgan Chase & Co.

Cognizant Technology Solutions (NASDAQ:CTSH) had its price objective lifted by JPMorgan Chase & Co. from $67.00 to $78.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the information technology service provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 13.04% from the company’s current price.

A number of other research firms have also recently weighed in on CTSH. Mizuho set a $64.00 price target on Cognizant Technology Solutions in a report on Thursday, August 6th. Royal Bank Of Canada set a $55.00 price objective on shares of Cognizant Technology Solutions in a research report on Friday, July 24th. Guggenheim reiterated a “buy” rating and set a $65.00 price objective (down from $80.00) on shares of Cognizant Technology Solutions in a research note on Monday, July 27th. Susquehanna set a $82.00 target price on shares of Cognizant Technology Solutions and gave the stock a “positive” rating in a research report on Thursday, July 30th. Finally, Wells Fargo & Company upped their target price on shares of Cognizant Technology Solutions from $67.00 to $77.00 and gave the company an “overweight” rating in a research note on Monday. Ten investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Cognizant Technology Solutions has a consensus rating of “Hold” and an average price target of $66.62.

Cognizant Technology Solutions Trading Down 2.2%

Cognizant Technology Solutions stock traded down $1.54 during midday trading on Monday, reaching $69.00. The stock had a trading volume of 845,858 shares, compared to its average volume of 7,926,203. The stock’s 50-day simple moving average is $61.58 and its 200 day simple moving average is $54.69. Cognizant Technology Solutions has a twelve month low of $37.08 and a twelve month high of $87.03. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.18 and a current ratio of 2.18. The stock has a market capitalization of $31.08 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 1.32 and a beta of 0.86.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the previous year, the firm posted $1.31 EPS. The business’s revenue 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. Analysts expect that Cognizant Technology Solutions will post 5.74 EPS for the current year.

Institutional Trading of Cognizant Technology Solutions

Several hedge funds have recently added to or reduced their stakes in CTSH. Security National Bank of SO Dak grew its stake in Cognizant Technology Solutions by 1.1% in the second quarter. Security National Bank of SO Dak now owns 25,780 shares of the information technology service provider’s stock valued at $998,000 after purchasing an additional 290 shares in the last quarter. Signature Equity Partners LLC raised its holdings in 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 acquiring an additional 303 shares during the period. Pine Valley Investments Ltd Liability Co boosted its stake in Cognizant Technology Solutions by 3.6% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 9,338 shares of the information technology service provider’s stock valued at $573,000 after purchasing an additional 322 shares during the period. Marquette Asset Management LLC grew its stake in shares of Cognizant Technology Solutions by 183.9% in the third quarter. Marquette Asset Management LLC now owns 545 shares of the information technology service provider’s stock worth $31,000 after acquiring an additional 353 shares during the last quarter. Finally, Patton Fund Management Inc. grew its position in Cognizant Technology Solutions by 12.8% during the first quarter. Patton Fund Management Inc. now owns 3,270 shares of the information technology service provider’s stock worth $201,000 after buying an additional 371 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation is a global information technology services and consulting company that helps organizations modernize their technology infrastructure, operations and customer experiences. The company serves businesses across industries including financial services, healthcare, life sciences, manufacturing, retail and communications.

Cognizant’s services include consulting, application development and modernization, cloud computing, data and artificial intelligence, digital engineering, cybersecurity and business process services.