Cognizant Technology Solutions (NASDAQ:CTSH) Announces Earnings Results

Cognizant Technology Solutions (NASDAQ:CTSH) released its quarterly earnings data on Wednesday. The information technology service provider reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09, Zacks reports. Cognizant Technology Solutions had a net margin of 11.60% and a return on equity of 17.08%. Cognizant Technology Solutions updated its FY 2025 guidance to 4.900-5.060 EPS and its Q1 2025 guidance to EPS.

Cognizant Technology Solutions Stock Performance

Cognizant Technology Solutions stock traded up $2.77 during mid-day trading on Thursday, hitting $86.37. The company had a trading volume of 906,623 shares, compared to its average volume of 2,760,815. Cognizant Technology Solutions has a 12-month low of $63.79 and a 12-month high of $86.68. The company has a market capitalization of $42.83 billion, a price-to-earnings ratio of 19.08, a P/E/G ratio of 2.21 and a beta of 1.07. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.08. The company’s fifty day moving average is $79.31 and its 200-day moving average is $77.45.

Insider Activity

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $80.11, for a total value of $400,550.00. Following the transaction, the chief accounting officer now owns 39,022 shares in the company, valued at approximately $3,126,052.42. This trade represents a 11.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

CTSH has been the topic of several analyst reports. StockNews.com downgraded shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Barclays upgraded shares of Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $80.00 to $95.00 in a research report on Tuesday, December 17th. Morgan Stanley lifted their price objective on shares of Cognizant Technology Solutions from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird boosted their target price on shares of Cognizant Technology Solutions from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Seventeen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $82.61.

Cognizant Technology Solutions Company Profile

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.