Mizuho Has Lowered Expectations for Cognizant Technology Solutions (NASDAQ:CTSH) Stock Price

Cognizant Technology Solutions (NASDAQ:CTSH) had its target price cut by research analysts at Mizuho from $87.00 to $68.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the information technology service provider’s stock. Mizuho’s target price would suggest a potential upside of 32.94% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. UBS Group reduced their target price on Cognizant Technology Solutions from $67.00 to $64.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Evercore lowered their price target on Cognizant Technology Solutions from $100.00 to $70.00 in a report on Thursday, April 30th. Royal Bank Of Canada increased their price objective on Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th. Finally, Berenberg Bank set a $107.00 price target on shares of Cognizant Technology Solutions and gave the stock a “buy” rating in a report on Thursday, January 22nd. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Cognizant Technology Solutions currently has an average rating of “Hold” and a consensus target price of $75.45.

Cognizant Technology Solutions Stock Performance

CTSH opened at $51.15 on Wednesday. The business’s 50 day moving average is $60.61 and its 200-day moving average is $71.55. The stock has a market cap of $24.46 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 1.12 and a beta of 0.81. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions has a twelve month low of $50.81 and a twelve month high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results 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 return on equity of 17.50% and a net margin of 10.41%.The company had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same period in the previous year, the firm earned $1.23 earnings per share. Cognizant Technology Solutions’s revenue for the quarter 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, analysts predict that Cognizant Technology Solutions will post 5.69 earnings per share for the current year.

Institutional Investors Weigh In On Cognizant Technology Solutions

A number of hedge funds have recently bought and sold shares of the company. Checchi Capital Advisers LLC increased its position in Cognizant Technology Solutions by 3.4% in the 4th quarter. Checchi Capital Advisers LLC now owns 3,852 shares of the information technology service provider’s stock worth $320,000 after buying an additional 127 shares during the period. Unison Advisors LLC boosted its holdings in Cognizant Technology Solutions by 0.5% in the 4th quarter. Unison Advisors LLC now owns 30,095 shares of the information technology service provider’s stock valued at $2,498,000 after purchasing an additional 138 shares during the period. TD Waterhouse Canada Inc. grew its position in Cognizant Technology Solutions by 7.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,130 shares of the information technology service provider’s stock worth $177,000 after purchasing an additional 143 shares during the last quarter. Security National Bank of SO Dak grew its position in Cognizant Technology Solutions by 0.6% in the 2nd quarter. Security National Bank of SO Dak now owns 24,635 shares of the information technology service provider’s stock worth $1,922,000 after purchasing an additional 150 shares during the last quarter. Finally, Haven Private LLC increased its holdings in shares of Cognizant Technology Solutions by 1.9% during the 3rd quarter. Haven Private LLC now owns 8,451 shares of the information technology service provider’s stock worth $567,000 after purchasing an additional 157 shares during the period. 92.44% of the stock is currently owned by institutional investors.

About Cognizant Technology Solutions

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.