Cognizant Technology Solutions Co. (NASDAQ:CTSH) is currently surrounded by a mixed bag of analyst ratings. Of the eighteen analysts covering the firm, one has rated the stock as a sell, fourteen as a hold, and three as a buy. The average twelve-month price target for the stock is $75.44. Recent reports from various brokerages have caused fluctuations in the price target, with some lowering it due to market performance.
The stock opened at $68.00 on Monday, with a market capitalization of $33.81 billion. Cognizant Technology Solutions reported earnings per share of $1.12 for the last quarter, exceeding expectations. The company’s revenue was slightly down on a year-over-year basis, but analysts anticipate a positive outlook for the current fiscal year, with an estimated earnings per share of 4.61. The company also announced a quarterly dividend of $0.30.
Several large investors have recently adjusted their holdings in CTSH, indicating continued interest in the company. Cognizant Technology Solutions Corporation provides consulting, technology, and outsourcing services globally. Operating in four segments, the company serves various industries such as financial services, health sciences, products and resources, and communications, media, and technology.
Despite fluctuations in analyst ratings and market performance, Cognizant Technology Solutions continues to attract investor interest and maintain a stable presence in the professional services industry.
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