Cognizant Technology Solutions (NASDAQ:CTSH) Coverage Initiated by Analysts at Wells Fargo & Company

Equities researchers at Wells Fargo & Company started coverage on shares of Cognizant Technology Solutions (NASDAQ:CTSH) in a research note issued on Tuesday, Marketbeat reports. The firm set an “overweight” rating on the information technology service provider’s stock.

Several other equities research analysts have also issued reports on the stock. Wall Street Zen lowered shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They set a “hold” rating and a $80.00 price target on the stock. Evercore ISI initiated coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an “outperform” rating and a $100.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $86.13.

Cognizant Technology Solutions Trading Down 0.6%

Shares of CTSH stock opened at $68.36 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.41. Cognizant Technology Solutions has a fifty-two week low of $65.15 and a fifty-two week high of $90.82. The company has a market cap of $33.39 billion, a PE ratio of 13.89, a P/E/G ratio of 1.43 and a beta of 0.95. The stock’s fifty day moving average price is $69.14 and its two-hundred day moving average price is $73.62.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.05. The business had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.17 billion. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.Cognizant Technology Solutions’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.17 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. Equities analysts predict that Cognizant Technology Solutions will post 4.98 EPS for the current fiscal year.

Institutional Trading of Cognizant Technology Solutions

Several institutional investors have recently made changes to their positions in the company. Hilltop National Bank purchased a new position in Cognizant Technology Solutions during the second quarter worth about $27,000. NewSquare Capital LLC grew its stake in Cognizant Technology Solutions by 71.8% in the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock valued at $29,000 after purchasing an additional 153 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Cognizant Technology Solutions by 118.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock worth $44,000 after buying an additional 309 shares during the last quarter. WPG Advisers LLC purchased a new stake in Cognizant Technology Solutions during the first quarter worth about $61,000. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in Cognizant Technology Solutions in the second quarter worth about $64,000. Institutional investors own 92.44% of the company’s stock.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.