Cognizant Technology Solutions Corporation (CTSH)
Here's Why Cognizant (CTSH) is a Strong Value Stock
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Cognizant: Expecting Positive Revenue Surprises (Rating Upgrade)
The recently announced acquisition of Belcan serves as an indication of Cognizant's potential inorganic growth opportunities for the medium to long term. I am anticipating that CTSH will report a Q2 2024 top-line beat, considering market share gains and better-than-expected IT budgets. I revise my rating for Cognizant stock to a Buy in light of potential positive revenue surprises.
Cognizant (CTSH) Expands Clientele With Gentherm Partnership
Cognizant (CTSH) accelerates Gentherm's advancement in automotive and medical thermal tech with advanced engineering, validation and cloud-native expertise from Hyderabad.
Cognizant (CTSH) Streamlines Healthcare With AI-Powered LLMs
Cognizant (CTSH) and Google Cloud team up to transform healthcare with AI-driven solutions, enhancing efficiency and care quality across critical workflows.
Cognizant (CTSH) Boosts ER&D Capabilities With Belcan Buyout
Cognizant (CTSH) expands into Aerospace & Defense with the Belcan acquisition, boosting ER&D capabilities.
Cognizant (CTSH) Rides on Expanding Clientele, Partner Base
Cognizant (CTSH) transforms enterprise digital experience with Nexthink, delivering seamless workplace intelligence for enhanced productivity.
Cognizant to acquire Belcan for $1.3 billion, sources say
Information technology services provider Cognizant Technologies has agreed to acquire digital engineering firm Belcan for nearly $1.3 billion in cash and stock, according to people familiar with the matter.
Why Cognizant (CTSH) is a Top Value Stock for the Long-Term
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Panagora Asset Management Inc. Sells 6,860 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)
Panagora Asset Management Inc. reduced its position in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH – Free Report) by 14.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,773 shares of the information technology service provider’s stock after selling 6,860 shares during the period. Panagora Asset Management Inc.’s holdings in Cognizant Technology Solutions were worth $3,155,000 at the end of the most recent reporting period. Several other institutional investors have also recently bought and sold shares of CTSH. Turtle Creek Wealth Advisors LLC bought a new position in Cognizant Technology Solutions during the fourth quarter worth $26,000. NBC Securities Inc. acquired a new stake in Cognizant Technology Solutions during the third quarter worth about $27,000. Spire Wealth Management increased its stake in Cognizant Technology Solutions by 79.1% during the fourth quarter. Spire Wealth Management now owns 437 shares of the information technology service provider’s stock valued at $34,000 after acquiring an additional 193 shares during the period. Valley National Advisers Inc. lifted its position in shares of Cognizant Technology Solutions by 43.2% in the 4th quarter. Valley National Advisers Inc. now owns 590 shares of the information technology service provider’s stock worth $44,000 after acquiring an additional 178 shares during the period. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Cognizant Technology Solutions during the 4th quarter worth approximately $52,000. Institutional investors own 92.44% of the company’s stock. Cognizant Technology Solutions Stock Performance Shares of CTSH stock opened at $68.76 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.35 and a current ratio of 2.35. Cognizant Technology Solutions Co. has a 52 week low of $61.12 and a 52 week high of $80.09. The company’s 50 day moving average price is $70.24 and its two-hundred day moving average price is $72.79. The company has a market capitalization of $34.19 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 1.57 and a beta of 1.08. Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The information technology service provider reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. The business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.72 billion. Cognizant Technology Solutions had a net margin of 10.84% and a return on equity of 17.48%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the business posted $1.11 earnings per share. On average, analysts expect that Cognizant Technology Solutions Co. will post 4.6 earnings per share for the current fiscal year. Cognizant Technology Solutions Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 20th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.20 annualized dividend and a dividend yield of 1.75%. Cognizant Technology Solutions’s dividend payout ratio is currently 28.85%. Wall Street Analyst Weigh In Several brokerages recently commented on CTSH. Barclays reduced their target price on Cognizant Technology Solutions from $80.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Needham & Company LLC reissued a “hold” rating on shares of Cognizant Technology Solutions in a research report on Thursday, May 2nd. Royal Bank of Canada lifted their price objective on Cognizant Technology Solutions from $74.00 to $77.00 and gave the company a “sector perform” rating in a report on Wednesday, February 7th. Guggenheim assumed coverage on Cognizant Technology Solutions in a research report on Tuesday, March 19th. They set a “neutral” rating and a $80.00 target price for the company. Finally, Mizuho assumed coverage on Cognizant Technology Solutions in a research note on Tuesday, January 30th. They issued a “neutral” rating and a $82.00 price target on the stock. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $75.67. Read Our Latest Stock Analysis on Cognizant Technology Solutions Insider Buying and Selling In other Cognizant Technology Solutions news, EVP Kathryn Diaz sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $77.06, for a total transaction of $69,354.00. Following the completion of the transaction, the executive vice president now owns 8,312 shares of the company’s stock, valued at approximately $640,522.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.26% of the stock is owned by corporate insiders. Cognizant Technology Solutions Profile (Free Report) 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.
Cognizant Technology Solutions Co. (NASDAQ:CTSH) Shares Sold by Private Advisor Group LLC
Private Advisor Group LLC reduced its position in Cognizant Technology Solutions Co. (NASDAQ:CTSH – Free Report) by 66.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,657 shares of the information technology service provider’s stock after selling 15,031 shares during the period. Private Advisor Group LLC’s holdings in Cognizant Technology Solutions were worth $578,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently bought and sold shares of CTSH. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Cognizant Technology Solutions during the 4th quarter worth $26,000. NBC Securities Inc. acquired a new position in Cognizant Technology Solutions during the third quarter worth about $27,000. Spire Wealth Management lifted its holdings in shares of Cognizant Technology Solutions by 79.1% in the fourth quarter. Spire Wealth Management now owns 437 shares of the information technology service provider’s stock valued at $34,000 after purchasing an additional 193 shares in the last quarter. Valley National Advisers Inc. grew its position in shares of Cognizant Technology Solutions by 43.2% in the fourth quarter. Valley National Advisers Inc. now owns 590 shares of the information technology service provider’s stock valued at $44,000 after purchasing an additional 178 shares during the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of Cognizant Technology Solutions during the 4th quarter worth approximately $52,000. 92.44% of the stock is owned by institutional investors and hedge funds. Wall Street Analyst Weigh In A number of equities research analysts recently issued reports on the company. Guggenheim assumed coverage on Cognizant Technology Solutions in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $80.00 target price on the stock. JPMorgan Chase & Co. decreased their price objective on Cognizant Technology Solutions from $81.00 to $74.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Cognizant Technology Solutions in a research report on Thursday, May 2nd. Susquehanna reduced their target price on shares of Cognizant Technology Solutions from $80.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. Finally, BMO Capital Markets lowered their price target on shares of Cognizant Technology Solutions from $85.00 to $77.00 and set a “market perform” rating for the company in a report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Cognizant Technology Solutions has an average rating of “Hold” and a consensus price target of $75.67. Read Our Latest Analysis on Cognizant Technology Solutions Cognizant Technology Solutions Trading Down 2.2 % NASDAQ:CTSH opened at $68.76 on Monday. The business’s 50-day moving average is $70.24 and its two-hundred day moving average is $72.79. The firm has a market capitalization of $34.19 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 1.57 and a beta of 1.08. Cognizant Technology Solutions Co. has a 12 month low of $61.12 and a 12 month high of $80.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.35 and a quick ratio of 2.35. Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) last announced its earnings results on Wednesday, May 1st. The information technology service provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.11 by $0.01. Cognizant Technology Solutions had a return on equity of 17.48% and a net margin of 10.84%. The business had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same period last year, the business posted $1.11 EPS. The company’s revenue was down 1.1% on a year-over-year basis. Research analysts predict that Cognizant Technology Solutions Co. will post 4.6 earnings per share for the current fiscal year. Cognizant Technology Solutions Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 20th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, May 17th. This represents a $1.20 annualized dividend and a dividend yield of 1.75%. Cognizant Technology Solutions’s dividend payout ratio is presently 28.85%. Insider Buying and Selling In other Cognizant Technology Solutions news, EVP Kathryn Diaz sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $77.06, for a total transaction of $69,354.00. Following the completion of the sale, the executive vice president now owns 8,312 shares in the company, valued at approximately $640,522.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.26% of the company’s stock. Cognizant Technology Solutions Profile (Free Report) 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.
