TD Cowen Issues Pessimistic Forecast for Cognizant Technology Solutions (NASDAQ:CTSH) Stock Price

Cognizant Technology Solutions (NASDAQ:CTSH) had its price target cut by research analysts at TD Cowen from $85.00 to $71.00 in a report released on Friday,Benzinga reports. The firm presently has a “hold” rating on the information technology service provider’s stock. TD Cowen’s price target would indicate a potential upside of 16.93% from the stock’s previous close.

A number of other equities analysts have also commented on CTSH. Wells Fargo & Company reissued an “overweight” rating and set a $98.00 price target (up from $87.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, January 14th. William Blair raised Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a report on Friday, November 21st. Berenberg Bank set a $107.00 target price on Cognizant Technology Solutions and gave the company a “buy” rating in a research report on Thursday, January 22nd. Morgan Stanley raised their target price on shares of Cognizant Technology Solutions from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Finally, Royal Bank Of Canada boosted their price target on shares of Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 5th. Ten investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, Cognizant Technology Solutions currently has a consensus rating of “Hold” and an average price target of $89.39.

Cognizant Technology Solutions Price Performance

NASDAQ CTSH traded down $0.46 on Friday, reaching $60.72. The company had a trading volume of 1,177,815 shares, compared to its average volume of 6,725,417. The stock has a market capitalization of $29.04 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.35 and a beta of 0.99. Cognizant Technology Solutions has a 12 month low of $60.03 and a 12 month high of $87.03. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average price is $74.49 and its 200 day moving average price is $73.93.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, February 4th. The information technology service provider reported $1.35 EPS for the quarter, beating the consensus estimate of $1.32 by $0.03. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.31 billion. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.21 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. As a group, equities analysts predict that Cognizant Technology Solutions will post 4.98 earnings per share for the current year.

Insider Activity

In other Cognizant Technology Solutions news, insider Surya Gummadi sold 1,728 shares of Cognizant Technology Solutions stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $83.06, for a total transaction of $143,527.68. Following the completion of the transaction, the insider directly owned 25,641 shares of the company’s stock, valued at $2,129,741.46. The trade was a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ravi Kumar Singisetti sold 2,950 shares of the business’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $85.06, for a total transaction of $250,927.00. Following the transaction, the chief executive officer owned 75,209 shares in the company, valued at $6,397,277.54. This trade represents a 3.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 16,809 shares of company stock valued at $1,426,138. 0.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cognizant Technology Solutions

Several institutional investors have recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new position in Cognizant Technology Solutions during the 4th quarter valued at about $28,000. Physician Wealth Advisors Inc. lifted its stake in Cognizant Technology Solutions by 165.1% in the fourth quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock worth $28,000 after purchasing an additional 213 shares during the last quarter. Lodestone Wealth Management LLC purchased a new position in shares of Cognizant Technology Solutions during the fourth quarter valued at approximately $28,000. Prosperity Bancshares Inc purchased a new position in shares of Cognizant Technology Solutions during the fourth quarter valued at approximately $29,000. Finally, Towne Trust Company N.A grew its stake in shares of Cognizant Technology Solutions by 85.0% during the fourth quarter. Towne Trust Company N.A now owns 370 shares of the information technology service provider’s stock valued at $31,000 after buying an additional 170 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.