Cognizant Technology Solutions (NASDAQ:CTSH) Research Coverage Started at Citigroup

Citigroup began coverage on shares of Cognizant Technology Solutions (NASDAQ:CTSH) in a report issued on Thursday morning, MarketBeat reports. The brokerage issued a neutral rating and a $75.00 target price on the information technology service provider’s stock.

Several other research firms have also issued reports on CTSH. Evercore ISI began coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They set an “outperform” rating and a $100.00 price objective for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft began coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They set a “hold” rating and a $80.00 price objective for the company. Guggenheim reissued a “buy” rating and set a $85.00 price objective (down previously from $90.00) on shares of Cognizant Technology Solutions in a research note on Tuesday. Finally, JPMorgan Chase & Co. dropped their price objective on Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Six analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $85.44.

Cognizant Technology Solutions Price Performance

Cognizant Technology Solutions stock opened at $67.86 on Thursday. Cognizant Technology Solutions has a one year low of $65.15 and a one year high of $90.82. The business has a fifty day moving average price of $69.07 and a 200-day moving average price of $73.68. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41. The firm has a market capitalization of $33.14 billion, a P/E ratio of 13.79, a PEG ratio of 1.41 and a beta of 0.95.

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

Cognizant Technology Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 18th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions’s payout ratio is 25.20%.

Institutional Investors Weigh In On Cognizant Technology Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of CTSH. Norges Bank bought a new stake in shares of Cognizant Technology Solutions in the 2nd quarter valued at about $487,526,000. Goldman Sachs Group Inc. lifted its stake in shares of Cognizant Technology Solutions by 117.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,805,893 shares of the information technology service provider’s stock valued at $520,651,000 after acquiring an additional 3,677,145 shares during the last quarter. Amundi lifted its stake in shares of Cognizant Technology Solutions by 61.6% in the 1st quarter. Amundi now owns 4,519,912 shares of the information technology service provider’s stock valued at $331,584,000 after acquiring an additional 1,723,335 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Cognizant Technology Solutions by 2,585.0% in the 1st quarter. Pacer Advisors Inc. now owns 1,776,601 shares of the information technology service provider’s stock valued at $135,910,000 after acquiring an additional 1,710,433 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in Cognizant Technology Solutions by 152.7% during the 2nd quarter. Allianz Asset Management GmbH now owns 2,708,349 shares of the information technology service provider’s stock valued at $211,332,000 after purchasing an additional 1,636,636 shares during the period. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Company Profile

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.