Cognizant Technology Solutions (NASDAQ:CTSH) Given "Outperform" Rating at Wedbush

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report)'s stock had its "outperform" rating reiterated by investment analysts at Wedbush in a research note issued on Friday, Benzinga reports. They currently have a $70.00 target price on the information technology service provider's stock. Wedbush's price target points to a potential upside of 16.65% from the company's current price.

CTSH has been the topic of several other research reports. Citigroup restated a "neutral" rating and set a $60.00 price objective (up from $45.00) on shares of Cognizant Technology Solutions in a report on Thursday, July 30th. JPMorgan Chase & Co. lowered their price objective on shares of Cognizant Technology Solutions from $74.00 to $55.00 and set an "overweight" rating on the stock in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $70.00 price objective (up from $65.00) on shares of Cognizant Technology Solutions in a report on Friday, September 18th. Daiwa Securities Group upped their price objective on shares of Cognizant Technology Solutions from $42.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, September 25th. Finally, Susquehanna set a $82.00 price objective on shares of Cognizant Technology Solutions and gave the stock a "positive" rating in a report on Thursday, July 30th. Ten analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $64.43.

Cognizant Technology Solutions Stock Up 5.2%

Cognizant Technology Solutions stock opened at $60.01 on Friday. The company has a quick ratio of 2.18, a current 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 fifty day moving average is $59.72 and its 200 day moving average is $54.34. The company has a market capitalization of $27.03 billion, a PE ratio of 12.91, a PEG ratio of 1.07 and a beta of 0.86.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its 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 company had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the previous year, the firm earned $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. As a group, sell-side analysts predict that Cognizant Technology Solutions will post 5.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Cognizant Technology Solutions

Several institutional investors have recently added to or reduced their stakes in CTSH. Resources Management Corp CT ADV raised its stake in Cognizant Technology Solutions by 6.1% in the fourth quarter. Resources Management Corp CT ADV now owns 3,695 shares of the information technology service provider's stock valued at $307,000 after purchasing an additional 211 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in Cognizant Technology Solutions by 34.5% in the first quarter. Capital Advisors Ltd. LLC now owns 959 shares of the information technology service provider's stock valued at $59,000 after purchasing an additional 246 shares in the last quarter. Security National Bank of SO Dak raised its stake in Cognizant Technology Solutions by 1.1% in the second quarter. Security National Bank of SO Dak now owns 25,780 shares of the information technology service provider's stock valued at $998,000 after purchasing an additional 290 shares in the last quarter. Signature Equity Partners LLC raised its stake in Cognizant Technology Solutions by 102.4% in the first quarter. Signature Equity Partners LLC now owns 599 shares of the information technology service provider's stock valued at $37,000 after purchasing an additional 303 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co raised its stake in shares of Cognizant Technology Solutions by 3.6% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 9,338 shares of the information technology service provider's stock worth $573,000 after acquiring an additional 322 shares in the last quarter. Institutional investors own 92.44% of the company's stock.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation NASDAQ: CTSH is a global professional services and information technology company that helps businesses modernize their operations and technology infrastructure. Its services include IT consulting, systems integration, application development and modernization, cloud computing, data and analytics, artificial intelligence, cybersecurity, and digital engineering.

The company also provides business process services and industry-specific solutions for sectors such as financial services, healthcare, life sciences, manufacturing, retail, communications, and information technology.