Cognizant Technology Solutions (NASDAQ:CTSH) Given New $60.00 Price Target at Daiwa Securities Group

Key Points

• Daiwa Securities Group raised Cognizant’s price target from $42 to $60 while maintaining a neutral rating, implying approximately 4.66% upside from the stock’s $57.33 opening price.
• Analyst sentiment remains mixed but leans toward a consensus “Hold” rating, with 10 Buy, 13 Hold, and 1 Sell ratings and an average price target of $64.43.
• Cognizant reported quarterly revenue of $5.48 billion, up 4.5% year over year, but slightly missed EPS estimates at $1.37 versus $1.38 expected; institutional investors own 92.44% of the company’s shares.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) had its price objective boosted by equities research analysts at Daiwa Securities Group from $42.00 to $60.00 in a research report issued on Friday. The firm presently has a "neutral" rating on the information technology service provider's stock. Daiwa Securities Group's target price suggests a potential upside of 4.66% from the company's current price.

CTSH has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $70.00 target price (up from $65.00) on shares of Cognizant Technology Solutions in a research report on Friday, September 18th. Berenberg Bank set a $59.00 price objective on shares of Cognizant Technology Solutions and gave the stock a "hold" rating in a research note on Wednesday, June 17th. JPMorgan Chase & Co. cut their price objective on shares of Cognizant Technology Solutions from $74.00 to $55.00 and set an "overweight" rating for the company in a report on Friday, July 24th. Morgan Stanley reaffirmed a "negative" rating and set a $51.00 target price (up from $44.00) on shares of Cognizant Technology Solutions in a report on Thursday, July 30th. Finally, Citigroup reiterated a "neutral" rating and issued a $60.00 price target (up from $45.00) on shares of Cognizant Technology Solutions in a research report on Thursday, July 30th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $64.43.

Cognizant Technology Solutions Stock Up 0.3%

Cognizant Technology Solutions stock opened at $57.33 on Friday. The company's 50-day moving average price is $57.81 and its two-hundred day moving average price is $54.62. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.11. The stock has a market cap of $25.82 billion, a P/E ratio of 12.33, a P/E/G ratio of 1.07 and a beta of 0.83. Cognizant Technology Solutions has a twelve month low of $37.08 and a twelve month high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.01). The firm had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.48 billion. Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. Cognizant Technology Solutions's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.31 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. As a group, analysts expect that Cognizant Technology Solutions will post 5.74 EPS for the current year.

Institutional Trading of Cognizant Technology Solutions

Several large investors have recently made changes to their positions in CTSH. Signature Equity Partners LLC raised its position in Cognizant Technology Solutions by 102.4% during 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. Reflection Asset Management bought a new stake in shares of Cognizant Technology Solutions during the 4th quarter worth $40,000. MV Capital Management Inc. acquired a new stake in Cognizant Technology Solutions in the fourth quarter valued at about $42,000. SJS Investment Consulting Inc. boosted its stake in Cognizant Technology Solutions by 1,580.0% in the first quarter. SJS Investment Consulting Inc. now owns 840 shares of the information technology service provider's stock valued at $52,000 after buying an additional 790 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its position 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 acquiring an additional 246 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

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.

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