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

Cognizant Technology Solutions (NASDAQ:CTSH)‘s stock had its “hold” rating reissued by analysts at TD Cowen in a research report issued to clients and investors on Friday, September 18th, Benzinga reports. They presently have a $54.00 target price on the information technology service provider’s stock. TD Cowen’s price target points to a potential downside of 5.81% from the company’s previous close.

A number of other research analysts also recently commented on CTSH. Truist Financial began 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 for the company. Daiwa Securities Group dropped their target price on Cognizant Technology Solutions from $65.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, June 24th. Nomura dropped their target price on Cognizant Technology Solutions from $93.00 to $74.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Berenberg Bank set a $59.00 target price on Cognizant Technology Solutions and gave the company a “hold” rating in a research report on Wednesday, June 17th. Finally, Morgan Stanley restated a “negative” rating and set a $51.00 target price (up from $44.00) on shares of Cognizant Technology Solutions in a research report on Thursday, July 30th. Ten 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $63.65.

Cognizant Technology Solutions Trading Up 0.3%

Shares of NASDAQ:CTSH traded up $0.16 during trading on Friday, reaching $57.33. The company’s stock had a trading volume of 4,448,703 shares, compared to its average volume of 8,085,982. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.11. Cognizant Technology Solutions has a 12 month low of $37.08 and a 12 month high of $87.03. The firm’s 50 day simple moving average is $57.56 and its two-hundred day simple moving average is $54.60. The stock has a market capitalization of $25.82 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 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 during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the business posted $1.31 EPS. The firm’s revenue was up 4.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. On average, research analysts predict that Cognizant Technology Solutions will post 5.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Cognizant Technology Solutions

A number of institutional investors have recently modified their holdings of the stock. Evolve Private Wealth LLC acquired a new stake in Cognizant Technology Solutions in the fourth quarter valued at approximately $2,642,000. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Cognizant Technology Solutions during the first quarter worth $29,510,000. Ancora Advisors LLC acquired a new stake in shares of Cognizant Technology Solutions during the second quarter worth $2,929,000. Pzena Investment Management LLC lifted its stake in shares of Cognizant Technology Solutions by 14.9% during the first quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock worth $1,243,096,000 after buying an additional 2,633,683 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Cognizant Technology Solutions by 34.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,874,274 shares of the information technology service provider’s stock worth $238,565,000 after buying an additional 734,337 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

About Cognizant Technology Solutions

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.