TD Cowen Reaffirms Hold Rating for Cognizant Technology Solutions (NASDAQ:CTSH)

Cognizant Technology Solutions (NASDAQ:CTSH)‘s stock had its “hold” rating reiterated by investment analysts at TD Cowen in a report released on Friday, Benzinga reports. They presently have a $54.00 price target on the information technology service provider’s stock. TD Cowen’s price objective suggests a potential downside of 10.71% from the company’s current price.

Several other equities research analysts have also issued reports on CTSH. Citigroup reiterated a “neutral” rating and set a $60.00 target price (up from $45.00) on shares of Cognizant Technology Solutions in a research report on Thursday, July 30th. Truist Financial started coverage on shares of Cognizant Technology Solutions in a report on Monday, June 1st. They issued a “hold” rating and a $66.00 price target on the stock. Guggenheim reaffirmed a “buy” rating and set a $65.00 price objective (down from $80.00) on shares of Cognizant Technology Solutions in a report on Monday, July 27th. Mizuho set a $64.00 target price on shares of Cognizant Technology Solutions in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft set a $55.00 target price on Cognizant Technology Solutions in a research note on Friday, July 10th. 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’s stock. According to MarketBeat, Cognizant Technology Solutions presently has a consensus rating of “Hold” and a consensus price target of $63.00.

Cognizant Technology Solutions Price Performance

NASDAQ CTSH traded down $1.40 during trading on Friday, reaching $60.48. The company’s stock had a trading volume of 654,624 shares, compared to its average volume of 8,063,845. The firm has a fifty day moving average of $56.02 and a 200 day moving average of $54.82. Cognizant Technology Solutions has a one year low of $37.08 and a one year high of $87.03. The stock has a market capitalization of $27.24 billion, a PE ratio of 13.04, a P/E/G ratio of 1.15 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.18 and a quick ratio of 2.18.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $5.48 billion. During the same quarter last year, the business 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 fiscal year.

Institutional Investors Weigh In On Cognizant Technology Solutions

A number of institutional investors have recently made changes to their positions in CTSH. ABS Direct Equity Fund LLC bought a new position in shares of Cognizant Technology Solutions during the 2nd quarter valued at $360,000. Sequoia Financial Advisors LLC grew its stake in shares of Cognizant Technology Solutions by 69.0% during the second quarter. Sequoia Financial Advisors LLC now owns 98,919 shares of the information technology service provider’s stock valued at $3,831,000 after buying an additional 40,379 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Cognizant Technology Solutions by 20.7% in the second quarter. Tidal Investments LLC now owns 224,697 shares of the information technology service provider’s stock worth $8,703,000 after buying an additional 38,577 shares during the period. National Pension Service boosted its holdings in Cognizant Technology Solutions by 17.2% during the 2nd quarter. National Pension Service now owns 1,275,592 shares of the information technology service provider’s stock valued at $49,404,000 after acquiring an additional 187,187 shares during the period. Finally, WINTON GROUP Ltd bought a new position in Cognizant Technology Solutions during the 2nd quarter worth approximately $3,593,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation is a professional services and information technology company that helps organizations modernize their technology infrastructure, operations and customer experiences. The company provides consulting, systems integration, application development and maintenance, and business process services to clients across industries.

Its offerings include cloud enablement, software engineering, data and analytics, artificial intelligence, cybersecurity, automation and digital workplace solutions.