Cognizant Technology Solutions (NASDAQ:CTSH) Given New $66.00 Price Target at Dbs Bank

Cognizant Technology Solutions (NASDAQ:CTSH) had its price objective cut by Dbs Bank from $80.00 to $66.00 in a research note published on Thursday morning,MarketScreener reports.

Other research analysts have also issued research reports about the company. Royal Bank Of Canada upped their price target on Cognizant Technology Solutions from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. Susquehanna reduced their price objective 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. UBS Group dropped their price target on Cognizant Technology Solutions from $67.00 to $64.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. BMO Capital Markets reduced their price target on shares of Cognizant Technology Solutions from $83.00 to $63.00 in a research report on Thursday, April 30th. Finally, Argus upgraded Cognizant Technology Solutions to a “hold” rating in a report on Tuesday, February 10th. Ten investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $75.00.

Cognizant Technology Solutions Price Performance

Cognizant Technology Solutions stock traded down $0.54 during mid-day trading on Thursday, hitting $51.40. 1,785,728 shares of the company traded hands, compared to its average volume of 6,481,689. The stock has a fifty day moving average price of $60.24 and a 200-day moving average price of $71.35. The stock has a market cap of $24.58 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 1.08 and a beta of 0.81. Cognizant Technology Solutions has a one year low of $50.19 and a one year high of $87.03. 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 posted its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.41 billion. During the same period in the previous year, the firm posted $1.23 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. On average, equities analysts predict that Cognizant Technology Solutions will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.70%.

Institutional Investors Weigh In On Cognizant Technology Solutions

Several large investors have recently modified their holdings of CTSH. AustralianSuper Pty Ltd bought a new position in shares of Cognizant Technology Solutions in the 3rd quarter worth $4,422,000. Alps Advisors Inc. boosted its position in shares of Cognizant Technology Solutions by 16.5% in the 3rd quarter. Alps Advisors Inc. now owns 306,078 shares of the information technology service provider’s stock worth $20,529,000 after purchasing an additional 43,252 shares in the last quarter. Arjuna Capital grew its stake in shares of Cognizant Technology Solutions by 62.6% during the third quarter. Arjuna Capital now owns 24,622 shares of the information technology service provider’s stock worth $1,651,000 after acquiring an additional 9,482 shares during the last quarter. National Pension Service increased its position in shares of Cognizant Technology Solutions by 5.5% in the 3rd 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 3rd 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 purchasing an additional 19,177 shares during the last quarter. 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.