CTSH

HSBC Upgrades Cognizant Technology Solutions - (CTSH)

Fintel reports that on May 5, 2023, HSBC upgraded their outlook for Cognizant Technology Solutions - (NASDAQ:CTSH) from Hold to Buy .

Analyst Price Forecast Suggests 5.76% Upside

As of April 24, 2023, the average one-year price target for Cognizant Technology Solutions - is 66.48. The forecasts range from a low of 49.49 to a high of $95.55. The average price target represents an increase of 5.76% from its latest reported closing price of 62.86.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Cognizant Technology Solutions - is 20,630MM, an increase of 6.26%. The projected annual non-GAAP EPS is 4.82.

What is the Fund Sentiment?

There are 1817 funds or institutions reporting positions in Cognizant Technology Solutions -. This is a decrease of 25 owner(s) or 1.36% in the last quarter. Average portfolio weight of all funds dedicated to CTSH is 0.35%, an increase of 17.76%. Total shares owned by institutions decreased in the last three months by 2.86% to 553,948K shares. CTSH / Cognizant Technology Solutions Corp. - Class A Put/Call Ratios The put/call ratio of CTSH is 0.84, indicating a bullish outlook.

What are Other Shareholders Doing?

CTSH / Cognizant Technology Solutions Corp. - Class A Shares Held by Institutions

Dodge & Cox holds 20,344K shares representing 4.01% ownership of the company. In it's prior filing, the firm reported owning 24,106K shares, representing a decrease of 18.49%. The firm decreased its portfolio allocation in CTSH by 23.96% over the last quarter.

Bank of New York Mellon holds 17,858K shares representing 3.52% ownership of the company. In it's prior filing, the firm reported owning 18,049K shares, representing a decrease of 1.07%. The firm decreased its portfolio allocation in CTSH by 7.32% over the last quarter.

Pzena Investment Management holds 17,358K shares representing 3.42% ownership of the company. In it's prior filing, the firm reported owning 14,255K shares, representing an increase of 17.88%. The firm increased its portfolio allocation in CTSH by 8.00% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 15,628K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 15,447K shares, representing an increase of 1.15%. The firm decreased its portfolio allocation in CTSH by 6.98% over the last quarter.

DODGX - Dodge & Cox Stock Fund holds 14,310K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 16,417K shares, representing a decrease of 14.73%. The firm decreased its portfolio allocation in CTSH by 22.21% over the last quarter.

Cognizant Technology Solutions Background Information
(This description is provided by the company.)

Cognizant is one of the world's leading professional services companies, transforming clients' business, operating, and technology models for the digital era. Its unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. Headquartered in the U.S., Cognizant is ranked 194 on the Fortune 500 and is consistently listed among the most admired companies in the world.

See all Cognizant Technology Solutions - regulatory filings.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.