Weiss Ratings Reaffirms Hold (C+) Rating for Cognizant Technology Solutions (NASDAQ:CTSH)

Key Points

• Weiss Ratings has reissued its "Hold (C+)" rating for Cognizant Technology Solutions (NASDAQ:CTSH), as several other research firms also provide mixed ratings and target prices.
• The company's stock price increased by 0.7% to $68.40, with analysts projecting an average target price of $86.79 based on 11 hold ratings and 5 buy ratings.
• Cognizant reported strong quarterly results with an EPS of $1.31, surpassing expectations, and has set guidance for FY 2025 EPS between 5.080 to 5.220.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report)'s stock had its "hold (c+)" rating reissued by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other research firms also recently issued reports on CTSH. JPMorgan Chase & Co. lowered their price objective on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft started coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a "hold" rating and a $80.00 price objective on the stock. Wall Street Zen cut shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Guggenheim raised shares of Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 target price for the company in a research note on Friday, July 18th. Finally, Evercore ISI started coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued an "outperform" rating and a $100.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Cognizant Technology Solutions currently has a consensus rating of "Hold" and an average target price of $86.79.

Cognizant Technology Solutions Trading Up 0.7%

Shares of CTSH traded up $0.46 during trading hours on Wednesday, reaching $68.40. The stock had a trading volume of 3,072,666 shares, compared to its average volume of 4,609,085. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions has a 52 week low of $65.17 and a 52 week high of $90.82. The firm has a 50-day moving average of $69.76 and a 200 day moving average of $74.24. The company has a market cap of $33.41 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.41 and a beta of 0.95.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.26 by $0.05. The business had revenue of $5.25 billion during the quarter, compared to analysts' expectations of $5.17 billion. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that Cognizant Technology Solutions will post 4.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cognizant Technology Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CTSH. Vanguard Group Inc. boosted its position in shares of Cognizant Technology Solutions by 1.3% in the second quarter. Vanguard Group Inc. now owns 59,854,530 shares of the information technology service provider's stock valued at $4,670,449,000 after acquiring an additional 746,732 shares during the period. State Street Corp boosted its position in shares of Cognizant Technology Solutions by 0.6% in the second quarter. State Street Corp now owns 25,381,572 shares of the information technology service provider's stock valued at $1,980,524,000 after acquiring an additional 157,427 shares during the period. Pzena Investment Management LLC boosted its position in shares of Cognizant Technology Solutions by 2.2% in the second quarter. Pzena Investment Management LLC now owns 17,450,691 shares of the information technology service provider's stock valued at $1,361,677,000 after acquiring an additional 375,619 shares during the period. Geode Capital Management LLC boosted its position in shares of Cognizant Technology Solutions by 1.5% in the second quarter. Geode Capital Management LLC now owns 14,019,891 shares of the information technology service provider's stock valued at $1,091,391,000 after acquiring an additional 206,532 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Cognizant Technology Solutions by 13.3% in the first quarter. Invesco Ltd. now owns 12,077,445 shares of the information technology service provider's stock valued at $923,925,000 after acquiring an additional 1,422,265 shares during the period. 92.44% of the stock is owned by institutional investors.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.

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