Cognizant Tech Solns Stock (NASDAQ: CTSH)

Cognizant Tech Solns Stock (NASDAQ:CTSH), Trade Ideas

Cognizant Tech Solns

Cognizant is a global IT services provider, offering consulting and outsourcing services to some of the world's largest enterprises spanning the financial services, media and communications, healthcare, natural resources, and consumer products industries. Cognizant employs nearly 300,000 people globally, roughly 70% of whom are in India, although the company's headquarters are in Teaneck, New Jersey.

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The analysis screened S&amp;P 500 stocks that show an inverse correlation to Nvidia over a month and year period, following Nvidia&#39;s stock falling into correction territory for the second time this month.

Jack Daniels Parent Company, EA, Cognizant Among 6 Stocks That Shine When Nvidia Slips: Analysis

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SHOP

Cognizant Technology Solutions (NASDAQ: CTSH) expansion into the retail industry is gaining momentum, driven by an expanding partner base.

Cognizant (CTSH) Boosts Retail Sector With Latest Partnership

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MSFT

Cognizant unveils Advanced AI Lab in San Francisco, aiming to drive innovation in AI technologies and forge industry leadership.

Cognizant Expands In San Francisco - Launches Advanced AI Lab To Utilize Neuro AI Platform For Better Business Outcomes

Cognizant Technology Solutions Corporation - Class A Common Stock

Cognizant Technology Solutions Corp

Six S&amp;P 500 stocks often experience a surge when shares of Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) take a dip, an analysis by CNBC revealed.
What Happened: The six U.S.-listed stocks that typically see a rise when Nvidia&#8217;s shares falter include Jack Daniel's distiller Brown-Forman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>), gaming giant Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), health products manufacturer Henry Schein, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSIC#NASDAQ">HSIC</a>), software outsourcing behemoth Cognizant Technology Solutions Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>), pet care company Zoetis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>), and securities exchange Cboe Global Markets, Inc. (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>), CNBC <a href="https://www.cnbc.com/2024/04/19/here-are-the-6-stocks-that-rise-when-nvidia-shares-fall.html">reported</a> on Thursday.
The Pearson correlation coefficient, a measure of linear correlation between two variables, was used in the analysis to determine the relationship between the stock prices. The analysis screened S&amp;P 500 stocks that show an inverse correlation to Nvidia over a month and year period, following Nvidia&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38177926/whats-next-for-nvidia-as-stock-enters-correction-zone-munster-singles-out-crucial-q">stock falling into correction territory</a> for the second time this month. 
Some technical analysts have suggested that it might be time for investors to offload Nvidia too. Katie Stockton of Fairlead Strategies noted that chart patterns suggest a deeper pullback might be on the horizon "just in time for the seasonal adage of ‘sell in May, and go away' to manifest itself in investor behavior." 
See Also: <a href="https://www.benzinga.com/news/24/04/38286752/elon-musk-reacts-as-marc-andreessen-says-google-is-literally-run-by-employee-mobs-with-chinese-spies?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts As Marc Andreessen Says Google Is &#8216;Literally Run By Employee Mobs&#8217; With &#8216;Chinese Spies&#8217;</a>
Adam Parker of Trivariate Research also listed eight steady growth stocks that could replace Nvidia if investors are worried about overexposure.
Why It Matters: Nvidia&#8217;s stock has been in the spotlight recently. In April, Evercore ISI predicted that <a href="https://www.benzinga.com/markets/equities/24/04/38306414/nvidia-stock-could-see-81-upside-by-2025-says-evercore-isi-only-in-the-beginning-phases-of-gener">Nvidia&#8217;s stock could surge by 81% by 2025</a>, suggesting that the company was only in the initial stages of generating outsized returns. 
However, the stock has been under pressure due to concerns over rising interest rates and a slew of corporate earnings reports. This led to <a href="https://www.benzinga.com/top-stories/24/04/38313015/nvidia-etfs-take-center-stage-as-bears-bulls-duke-it-out-with-8-14-swings">significant swings in Nvidia ETFs</a> as bulls and bears battled it out. 
As of Thursday, Nvidia&#8217;s stock closed at $846.71, marking an increase of 0.76% from the previous close. The stock&#8217;s 52-week high and low are $974 and $262.25 respectively, indicating significant fluctuations in the stock&#8217;s performance.
Read Next: <a href="https://www.benzinga.com/news/24/04/38111017/tesla-ceo-elon-musk-disagrees-with-nvidias-jensen-huang-that-anyone-can-make-their-own-neural-networ?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Disagrees With Nvidia&#8217;s Jensen Huang That Anyone Can Make Their Own Neural Network: &#8216;It&#8217;s Insanely Hard&#8217;</a>
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Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) has outperformed the market over the past 20 years by 5.29% on an annualized basis producing an average annual return of 13.2%. Currently, Cognizant Tech Solns has a market capitalization of $34.89 billion. 
Buying $1000 In CTSH: If an investor had bought $1000 of CTSH stock 20 years ago, it would be worth $11,552.97 today based on a price of $70.09 for CTSH at the time of writing.
<h3>Cognizant Tech Solns's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712939422_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Cognizant Tech Solns 20 Years Ago Would Be Worth This Much Today

Cognizant Technology Solutions (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctsh#NASDAQ">CTSH</a>) expansion into the retail industry is gaining momentum, driven by an expanding partner base. It recently announced a partnership with two tech giants Shopify (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shop#NYSE">SHOP</a>) and Alphabet&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) cloud division, Google Cloud to drive digital transformation and platform modernization for global retailers and brands. 
By combining Shopify&#39;s renowned commerce platform, Alphabet&#39;s cloud business, Google Cloud&#39;s robust infrastructure and Cognizant&#39;s expertise in retail advisory and technology implementation, the partnership is poised to drive significant advancements in customer experiences, global scalability and commerce platform modernization. 
The primary objective of this partnership is to address the essential requirements for retailers to adopt new technologies, such as generative AI, to meet the evolving consumer demands for real-time recommendations, personalized shopping assistance and tailored offers. 
Utilizing Shopify&#39;s commerce operating system on Google Cloud infrastructure, supported by Cognizant&#39;s guidance and implementation skills, brands can initiate transformative journeys that drive actual business value and improve customer experience across diverse retail landscapes.
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<h3>Cognizant Technology Solutions Corporation Price and Consensus</h3>
<a href="https://www.zacks.com/stock/chart/CTSH/price-consensus-chart?icid=chart-CTSH-price-consensus-chart" style="font-size: 13px;"><img alt="Cognizant Technology Solutions Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/8c/1712755802.png" style="height:285px; width:620px" title="" /></a>
Cognizant Technology Solutions Corporation price-consensus-chart | Cognizant Technology Solutions Corporation Quote
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<h3>Cognizant&#39;s Prospects Rides on Expanding Clientele</h3>
The latest move is in sync with Cognizant&#39;s commitment to drive digital transformation in the retail sector through advanced technology and tailored solutions. 
Cognizant&#39;s expanding clientele has been a major growth driver. In addition to Shopify and Alphabet, Cognizant also recently collaborated with McCormik &amp; Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mkc#NYSE">MKC</a>), LexisNexis and NVIDIA (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>). 
Cognizant recently announced a partnership with McCormik &amp; Company to manage global technological infrastructure through AI-driven tools to improve user experiences, productivity and cost savings, thereby advancing McCormick&#39;s digital transformation journey. 
In March, Cognizant announced a multi-year extension of its agreement with LexisNexis Legal &amp; Professional, focusing on improving Lexis+ legal research solutions through cloud and digital engineering services. 
Cognizant&#39;s partnership with NVIDIA further bolstered its presence within the healthcare sector. 
Cognizant teamed with NVIDIA to apply gen-AI technology to transform drug discovery, aiming to accelerate development, reduce costs and improve patients&#39; outcomes while expanding into other sectors such as manufacturing and automotive industries. 
However, Cognizant&#39;s shares have declined 5.3% against the Zacks Computer &amp; Technology sector&#39;s rise of&nbsp; 11.7% year to date. 
The challenging macroeconomic environment, along with weakness in the Financial Services segment, has been a concern for CTSH&#39;s prospects. 
This Zacks Rank #4 (Sell) company expects first-quarter 2024 revenues to be between $4.68 billion and $4.76 billion, indicating a decline of 2.7% to 1.2%. 
The Zacks Consensus Estimate for the first quarter is pegged at $4.72 billion, indicating a year-over-year decline of 1.89%. 
The consensus mark for earnings is pegged at $1.11 per share, unchanged in the past 30 days.
<a href="https://www.zacks.com/stock/news/2253484/cognizant-ctsh-boosts-retail-sector-with-latest-partnership?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2253484">To read this article on Zacks.com click here.</a>

Alliance combines the strength of Shopify&#39;s leading commerce platform with Google Cloud&#39;s leading AI-infrastructure and delivery by Cognizant&#39;s retail technology experts

GOOG

Cognizant Enters Strategic Alliance With Shopify And Google Cloud To Transform Enterprise Retail

Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) has outperformed the market over the past 20 years by 5.5% on an annualized basis producing an average annual return of 13.34%. Currently, Cognizant Tech Solns has a market capitalization of $35.76 billion. 
Buying $100 In CTSH: If an investor had bought $100 of CTSH stock 20 years ago, it would be worth $1,224.11 today based on a price of $71.84 for CTSH at the time of writing.
<h3>Cognizant Tech Solns's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712179838_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 20 Years Ago, You Would Have $1,200 Today

The new agreement is expected to deliver predictable business outcomes powered by AI automated tools.

Cognizant Inks New Agreement To Transform And Manage The Global Technology Infrastructure Of McCormick & Company

Susquehanna analyst James Friedman downgrades Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) from Positive to Neutral and lowers the price target from $87 to $80.

Downgrades

Price Target

Analyst Ratings

Susquehanna Downgrades Cognizant Tech Solns to Neutral, Lowers Price Target to $80

Cognizant will provide cloud and digital engineering services to enhance customer experience on LexisNexis' next-gen legal research solution in the U.S. and Canada
TEANECK, N.J., March 28, 2024 /PRNewswire/ -- <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4125727-1&amp;h=3905852823&amp;u=https%3A%2F%2Fwww.cognizant.com%2Fus%2Fen&amp;a=Cognizant">Cognizant</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) has announced&nbsp;today&nbsp;a multi-year extension of its strategic agreement with&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4125727-1&amp;h=228674505&amp;u=https%3A%2F%2Fwww.lexisnexis.com%2Fen-us%2Fhome.page&amp;a=LexisNexis%C2%AE+Legal+%26+Professional">LexisNexis&#xAE; Legal &amp; Professional</a>, a leading global provider of information and analytics. Through this renewed agreement, Cognizant will continue providing cloud and digital engineering services, helping accelerate feature releases and streamline operational efficiency through automation and cost optimization of LexisNexis' next-gen legal research solution, Lexis+&#xAE;. LexisNexis extended its relationship with Cognizant due to the company's proven track record as a long-trusted provider.
Together, the companies will enhance the solution's search capabilities, helping LexisNexis' customers to navigate legal content intuitively and&nbsp;aim to augment the overall customer experience.
"At LexisNexis, customer-driven innovation is core to our technological and product development," said Philippe Poignant, CTO LNNA, UK and CEMEA LexisNexis Legal &amp; Professional. "By extending our more than a decade-long agreement with Cognizant, we can continue delivering transformative technology that will improve our customers' work and increase operational efficiencies."
Over the course of the agreement, Cognizant and LexisNexis will focus on:
<ul>
<li>Modernizing legacy desktop and web applications:&nbsp;Cognizant will collaborate with LexisNexis to implement cloud-native solutions such as serverless capabilities, containers using microservices, and micro front-end architecture.&nbsp;</li>
<li>Re-architecting data and redesigning the content fabrication pipeline: Cognizant will contribute to the delivery of an event-driven and messaging-based architecture, along with revamping the content fabrication pipeline and developing advanced algorithms to categorize, separate, and rank content to enhance Lexis+&#xAE; content management capabilities.</li>
<li>Providing innovative solutions in quality engineering:&nbsp;Cognizant will use Defect Triage BOT and dynamic test script generation and maintenance to further bolster LexisNexis' product engineering capabilities, leveraging advanced AI-powered natural language processing solutions benefitting customers.</li>
</ul>
"We value our longstanding collaboration with LexisNexis and are excited about our continued efforts to enhance the company's exceptional customer experience on complex information platforms," said Anurag Sinha, SVP and Head of Communications and Media, Americas, of Cognizant. "Cognizant has committed to investing approximately $1 billion over the next three years to bolster our generative AI (gen AI) capabilities and will leverage our trifecta of digital engineering, cloud engineering, and gen AI solutions to deliver advanced AI-powered natural language processing solutions to LexisNexis. Additionally, we will aim to create new capabilities around legal research, predictive analysis, semantic search, compliance monitoring, and continuous learning."

Cognizant And LexisNexis Legal & Professional Extend Collaboration

The extended relationship will enable Cognizant to continue providing managed services to the cloud platform for Pon IT and its numerous operating companies to enhance agility, intuition, and innovation.

Cognizant Renews Collaboration With Pon IT To Further Manage And Optimize Cloud Services

Evercore ISI Group analyst David Togut maintains Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) with a In-Line and raises the price target from $65 to $70.

Evercore ISI Group Maintains In-Line on Cognizant Tech Solns, Raises Price Target to $70

Cognizant will adopt Gemini for Google Cloud to accelerate velocity for its software developers and enable more than 70,000 associates on Google Cloud&#39;s latest AI technologies

Cognizant And Google Cloud Expand AI Partnership To Enhance The Software Delivery Lifecycle And Accelerate Developer Productivity

Cognizant will provide managed infrastructure services and seek to modernize Cermaq&#39;s cloud landscape as a digital transformation partner in&nbsp;Norway&nbsp;and&nbsp;Canada

Cermaq Extends Collaboration With Cognizant To Enhance Operational Efficiencies

Providing a diverse range of perspectives from bullish to bearish, 9 analysts have published ratings on Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) in the last three months.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $81.22, a high estimate of $90.00, and a low estimate of $67.00. This current average reflects an increase of 6.41% from the previous average price target of $76.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1710882041_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A comprehensive examination of how financial experts perceive Cognizant Tech Solns is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jonathan Lee</td>
<td>Guggenheim</td>
<td>Announces</td>
<td>Neutral</td>
<td>$80.00</td>
<td>-</td>
</tr>
<tr>
<td>Daniel Perlin</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$77.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>Keith Bachman</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$85.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Dan Dolev</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Neutral</td>
<td>$82.00</td>
<td>-</td>
</tr>
<tr>
<td>Ramsey El-Assal</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$80.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Ashwin Shirvaikar</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$90.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Surinder Thind</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$85.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Richard Nguyen</td>
<td>Societe Generale</td>
<td>Announces</td>
<td>Sell</td>
<td>$67.00</td>
<td>-</td>
</tr>
<tr>
<td>Moshe Katri</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$85.00</td>
<td>$75.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Cognizant Tech Solns. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Cognizant Tech Solns compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Cognizant Tech Solns's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Capture valuable insights into Cognizant Tech Solns's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CTSH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cognizant Tech Solns analyst ratings.</a>
<h2>Get to Know Cognizant Tech Solns Better</h2>
Cognizant is a global IT services provider, offering consulting and outsourcing services to some of the world's largest enterprises spanning the financial services, media and communications, healthcare, natural resources, and consumer products industries. Cognizant employs nearly 300,000 people globally, roughly 70% of whom are in India, although the company's headquarters are in Teaneck, New Jersey.
<h3>Financial Milestones: Cognizant Tech Solns's Journey</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Challenges: Cognizant Tech Solns's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -1.67%. This indicates a decrease in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 11.73%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Cognizant Tech Solns's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 4.27%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Cognizant Tech Solns's ROA stands out, surpassing industry averages. With an impressive ROA of 3.05%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.1.
<h2>How Are Analyst Ratings Determined?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing Cognizant Tech Solns: Insights From 9 Financial Analysts

Guggenheim analyst Jonathan Lee initiates coverage on Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) with a Neutral rating and announces Price Target of $80.

Initiation

Guggenheim Initiates Coverage On Cognizant Tech Solns with Neutral Rating, Announces Price Target of $80

Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) has outperformed the market over the past 15 years by 1.05% on an annualized basis producing an average annual return of 14.09%. Currently, Cognizant Tech Solns has a market capitalization of $37.36 billion. 
Buying $1000 In CTSH: If an investor had bought $1000 of CTSH stock 15 years ago, it would be worth $7,407.70 today based on a price of $75.04 for CTSH at the time of writing.
<h3>Cognizant Tech Solns's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710860433_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Cognizant Tech Solns Stock In The Last 15 Years

Cognizant&#39;s AI and industry expertise, combined with the NVIDIA BioNeMo generative AI platform, create a strong foundation to improve outcomes in the healthcare and life sciences sectors

NVIDIA's BioNeMo Platform To Power Cognizant's Drug Discovery For Pharmaceutical Clients

Cognizant Tech Solns's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NYSE">CTSH</a>) short percent of float has fallen 23.86% since its last report. The company recently reported that it has 8.83 million shares sold short, which is 2.01% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.17 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Cognizant Tech Solns Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710781217_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Cognizant Tech Solns has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Cognizant Tech Solns's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Cognizant Tech Solns's peer group average for short interest as a percentage of float is 4.58%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(CTSH) - Analyzing Cognizant Tech Solns's Short Interest

On Thursday,&nbsp;Cognizant Technology Solutions Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) launched an<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/n37526659/cognizant-unveils-advanced-artificial-intelligence-lab-to-accelerate-ai-research-and-innovation" rel="noreferrer noopener">&nbsp;Advanced Artificial Intelligence (AI) Lab</a>.&nbsp;
Based in San Francisco, the laboratory will enhance AI by innovating and creating intellectual property and AI-enabling technologies.
Utilizing the Cognizant Neuro AI platform, the lab&#8217;s researchers will leverage Large Language Models (LLMs) to create decision-making AI systems, aiming to enhance business outcomes.
Comprising AI pioneers and PhDs, the lab collaborates with research institutions, customers, and startups. It holds 75 issued and pending&nbsp;patents, fostering innovative AI solutions.
The lab, spearheaded by AI entrepreneur Babak Hodjat, will be supervised by University of Texas at Austin AI Professor Risto Miikkulainen, a frontiersperson in neuroevolution.
In addition to the launch of Cognizant&#8217;s Advanced AI Lab, Cognizant is supporting enterprise AI adoption through its AI Innovation Studios in London, New York, San Francisco, Dallas, and Bengaluru.&nbsp;
&#8220;With the launch of Cognizant&#8217;s Advanced AI Lab, we&#8217;re progressing this effort by investing in state-of-the-art core AI research that establishes our position at the forefront of innovation and our industry,&#8221; said Cognizant CEO Ravi Kumar S.&nbsp;
Yesterday, the company inked a pact with&nbsp;Microsoft Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) to infuse&nbsp;<a target="_blank" href="https://www.benzinga.com//node/37507092" rel="noreferrer noopener">generative AI into healthcare administration.&nbsp;</a>
This partnership seeks to enhance productivity and streamline operations for healthcare payers and providers, offering patients improved care through timely responses.
Price Action: CTSH shares closed lower by 1.40% to $76.69 on Wednesday. 
Photo: Gerd Altmann from Pixabay

With 75 issued and pending patents, the lab will launch with a team of dedicated AI researchers and developers; focus will be on research, innovation and production of cutting-edge AI systems

Cognizant Launches Advanced Artificial Intelligence Lab To Accelerate AI Research And Innovation

The TriZetto platform, powered by Azure OpenAI Service, will help payers and providers reduce hidden costs and enable better patient outcomes for millions of Americans.

Cognizant And Microsoft Collaborate To To Infuse Generative AI Into Healthcare Administration

Cognizant slips as Susquehanna downgrades amid worries over soft demand

Buy-rated and sell-rated stocks within Technology - Citi

The tech outsourcing sector's growth prospects appear promising due to investments in digital transformation, the need for operational efficiencies and cost savings, and the adoption of the latest technologies. Therefore, it could be wise to consider investing in fundamentally strong outsourcing tech stocks such as Nomura Research Institute (NRILY), Cognizant Technology Solutions (CTSH), and The Hackett Group (HCKT). Read more... The outsourcing of tech services is expanding due to advancements such as chatbots, AI for personalized experiences, big data analytics, cloud migrations, and robotic process automation. These technologies improve efficiency, reduce costs, and offer innovative solutions, driving the sector's growth.
Amid this backdrop, it could be wise to consider buying fundamentally strong outsourcing tech stocks, Nomura Research Institute, Ltd. (<a href="https://stocknews.com/stock/NRILY/">NRILY</a>), Cognizant Technology Solutions Corporation (<a href="https://stocknews.com/stock/CTSH/">CTSH</a>), and The Hackett Group, Inc. (<a href="https://stocknews.com/stock/HCKT/">HCKT</a>).
Tech outsourcing has progressed beyond mere cost reduction. It benefits from access to specialized expertise and staying ahead with trends like AI, cloud computing, cybersecurity, and remote work solutions. These factors drive businesses to adopt outsourcing services for enhanced efficiency and innovation.
The global IT services market is projected to grow at a CAGR of 6.8% and reach revenues of <a href="https://www.statista.com/outlook/tmo/it-services/worldwide">$1.77 trillion by 2028</a>.
Furthermore, the popularity of cloud services is fueling the growth of the IT outsourcing sector. Companies are outsourcing their cloud computing projects to third-party cloud service providers for a fee. This helps them reduce IT costs, boost scalability and flexibility, and focus on core competencies.
The IT outsourcing market is expected to grow considerably, from $129.13 billion in 2024 to $171.50 billion by 2028, at a <a href="https://www.thebusinessresearchcompany.com/report/it-outsourcing-global-market-report">7.4% CAGR</a>.
Considering these conducive trends, let's analyze the fundamental aspects of the three <a href="https://stocknews.com/category/outsourcing-tech-services/">Outsourcing - Tech Services</a> industry picks, beginning with the third choice.
Stock #3: Nomura Research Institute, Ltd. (<a href="https://stocknews.com/stock/NRILY/">NRILY</a>)
Headquartered in Tokyo, Japan, NRILY offers consulting, financial, and industrial IT solutions and IT platform services. Its segments include Consulting, Financial IT Solutions, Industrial IT Solutions, and IT Infrastructure Services. The company provides management and system consulting, system development, and operational solutions for various sectors, such as finance, manufacturing, and public services.
On March 11, 2024, NRILY announced the introduction of Nomura Capital Management LLC (NCM), consolidating the firm's asset and investment management capabilities in the Americas to serve institutional and intermediary clients better, focusing on credit market expertise and growth opportunities.
In terms of the trailing-12-month net income margin, NRILY's 11.34% is 313.3% higher than the 2.74% industry average. Likewise, its 16.07% trailing-12-month <a href="https://www.investopedia.com/terms/e/ebit.asp">EBIT margin</a> is 225.1% higher than the industry average of 4.94%. Furthermore, the stock's 0.85x trailing-12-month asset turnover ratio is 37.4% higher than the industry average of 0.62x.
NRILY's net revenue for the nine months ended December 31, 2023, increased 10.5% year-over-year to ¥1.12 trillion ($7.37 billion). Likewise, its net income attributable to NRILY shareholders came in at ¥109.11 billion ($719.53 million) or ¥34.69 per share, up 27.8% and 26.4% over the prior-year quarter, respectively.
Also, its total assets as of December 31, 2023, stood at ¥54.75 trillion ($361.06 billion) compared to ¥47.77 trillion ($315.02 billion) as of March 31, 2023.
For the quarter ending September 30, 2024, NRILY's revenue is expected to increase 5.8% year-over-year to $1.30 billion. Over the past year, the stock has gained 17.7% to close the last trading session at $27.48.
NRILY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. It has an overall rating of B, translating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #3 out of 9 stocks in the A-rated <a href="https://stocknews.com/category/outsourcing-tech-services/">Outsourcing - Tech Services</a> industry. It has an A grade for Stability and a B for Quality. <a href="https://stocknews.com/stock/NRILY/">Click here</a> to see NRILY's ratings for Growth, Value, Momentum, and Sentiment.
Stock #2: Cognizant Technology Solutions Corporation (<a href="https://stocknews.com/stock/CTSH/">CTSH</a>)
CTSH is a professional services company that provides consulting 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.
On April 2, 2024, CTSH announced a new agreement with McCormick &amp; Company, Inc. (MKC), aimed at transforming and managing MKC's global technology infrastructure to enhance employee and customer experiences, with a focus on AI automation tools and delivering predictable business outcomes over the next five years.
On March 28, 2024, CTSH announced an extended collaboration with LexisNexis Legal &amp; Professional. The multi-year agreement focuses on providing cloud and digital engineering services to enhance the customer experience with LexisNexis' next-gen legal research solution in the U.S. and Canada. It mainly emphasizes improving search capabilities and overall customer satisfaction.
In terms of the trailing-12-month EBITDA margin, CTSH's 17.66% is 86.3% higher than the 9.48% industry average. Likewise, its 10.99% trailing-12-month net income margin is 300.3% higher than the 2.74% industry average. Additionally, its 12.91% trailing-12-month Return on Total Capital is 398.3% higher than the 2.59% industry average.
CTSH's revenues for the fourth quarter ended December 31, 2023, came in at $4.76 billion. The company's adjusted income from operations grew 11.4% from the year-ago value to $764 million. In addition, its net income and adjusted EPS were $558 million and $1.18, up 7.1% and 16.8% year-over-year, respectively.
Street expects CTSH's EPS for the quarter ending June 30, 2024, to increase 0.8% year-over-year to $1.11. Its revenue for the quarter ending September 30, 2024, is expected to increase 0.5% year-over-year to $4.92 billion. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 17.3% to close the last trading session at $71.13.
CTSH's robust fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has a B grade for Quality. Within the same industry, it is ranked #2. <a href="https://stocknews.com/stock/CTSH/">Click here</a> to access CTSH's Growth, Value, Momentum, Stability, and Sentiment ratings.
Stock #1: The Hackett Group, Inc. (<a href="https://stocknews.com/stock/HCKT/">HCKT</a>)
HCKT is a global strategic advisory and technology consulting firm. It has three segments: Global Strategy &amp; Business Transformation, Oracle Solutions, and SAP Solutions. The company provides online resources, best practice accelerators, advisory services, research insights, peer interaction, benchmarking services, business transformation practices, and Oracle and SAP solutions for clients' specific needs.
On January 16, 2024, HCKT and Civic Initiatives, LLC, announced a strategic agreement to collaborate in public procurement. The deal combines expertise in benchmarking and advisory services to offer enhanced solutions to clients in the public sector and higher education.
HCKT's Principal and Global Procurement Advisory Practice Leader, Chris Sawchuk, said, "The partnership with Civic Initiatives opens up exciting opportunities to leverage our expertise in benchmarking and advisory services. Together, we aim to bring innovative solutions to public procurement challenges and create lasting impact."
In terms of the trailing-12-month EBIT margin, HCKT's 19.14% is 287.4% higher than the 4.94% industry average. Likewise, its 28.58% trailing-12-month Return on Total Capital is considerably higher than the industry average of 2.59%. Furthermore, the stock's 1.59x trailing-12-month asset turnover ratio is 157% higher than the industry average of 0.62x.
For the fiscal fourth quarter ended December 29, 2023, HCKT's total revenues increased 3.3% year-over-year to $72.40 million. Its operating income came in at $11.48 million. In addition, the company's adjusted net income came in at $10.83 million. Its adjusted net income per common share stood at $0.39, representing an increase of 8.3% over the prior-year quarter.
Analysts expect HCKT's EPS and revenue for the quarter ended March 31, 2024, to increase 0.9% and 4.5% year-over-year to $0.37 and $74.43 million, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 26.2% to close the last trading session at $23.32.
It's no surprise that HCKT has an overall rating of B, which translates to a Buy in our POWR Ratings system.
It has an A grade for Sentiment and a B for Stability and Quality. It is ranked first in the Outsourcing – Tech Services industry. Beyond what we stated above, we also have given HCKT grades for Growth, Value, and Momentum. Get all the HCKT ratings <a href="https://stocknews.com/stock/HCKT/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>
<hr />
CTSH shares were trading at $70.99 per share on Monday morning, down $0.14 (-0.20%). Year-to-date, CTSH has declined -5.65%, versus a 9.47% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/ctsh-nrily-hckt-3-outsourcing-tech-stocks-driving-returns/>3 Outsourcing Tech Stocks Driving Returns</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Outsourcing Tech Stocks Driving Returns

Analyst Sachin Mittal from DBS maintained a Buy rating on Cognizant (CTSH – Research Report) and decreased the price target to $85.00 from $90.00. ...

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Two companies that rank among the largest U.S. corporations by employees that may be less familiar to the public include Concentrix and Cognizant.

Ranked: The Largest U.S. Corporations By Number Of Employees

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
<a href="https://investorplace.com/industries/technology/">Tech stocks</a> have dominated for the better part of the past two decades. Much of this recent growth has been fueled by the recent surge of interest in AI. Investors expect ongoing growth, crucial for portfolio returns. However, finding the best large-cap tech stock winners in this space isn&rsquo;t an easy task. There are so many companies to choose from in a range of high-growth industries.



That&rsquo;s where this list comes in. I&rsquo;ve looked at hundreds of trailblazing tech stocks over the years, and these three are some of the best operators in their core sectors. I think over time, long-term investors can&rsquo;t go wrong owning these names.



Of course, a number of headwinds could hurt this thesis over short periods of time. But for those looking to invest for the long term, here&rsquo;s why I&rsquo;d focus my research efforts on these three tech stock winners right now. 



<h2>Shopify (SHOP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/shop_shopify1600-300x169.png" alt="Shopify (SHOP) on the phone display."><div>Source: Burdun Iliya / Shutterstock.com</div></div>Shopify (NYSE:<a href="https://investorplace.com/stock-quotes/shop-stock-quote/">SHOP</a>) has emerged as a potential Wall Street favorite, leveraging its position as a leading e-commerce platform provider with ongoing innovation. While initially catering to small businesses, Shopify now attracts more prominent brands, facilitated by Shopify Plus, tailored for global retailers. Its modern retail stack appeals to diverse industries, from subscription-based ventures.



The company&rsquo;s success rides on e-commerce growth, sustained by continuous innovation and AI integration. Recent restructuring efforts have bolstered profitability and liquidity. Investors eye Shopify&rsquo;s potential to generate substantial free cash flow in the coming years.



Recently, Shopify <a href="https://thepaypers.com/payments-general/cognizant-partners-with-shopify-and-google-cloud--1267637">partnered</a> with Cognizant (NASDAQ:<a href="https://investorplace.com/stock-quotes/ctsh-stock-quote/">CTSH</a>) and Google Cloud to boost digitalization for retailers globally, merging commerce platforms, cloud infrastructure and retail expertise. That collaboration aims to modernize retail operations, enhance customer experiences, and enable scalable commerce platforms leveraging advanced technologies.



If the company continues to see accelerated growth from such partnerships, its current valuation could be deemed very attractive a few years from now. 



<h2>Zoom Video (ZM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/08/zoom_zm_1600-300x169.jpg" alt="A woman sitting at a desk waves at a large number of people on the videoconferencing software Zoom (ZM)."><div>Source: Girts Ragelis / Shutterstock.com</div></div>During the pandemic, video conferencing technology became a staple for most households. Zoom Video (NASDAQ:<a href="https://investorplace.com/stock-quotes/zm-stock-quote/">ZM</a>) took the lead in this sector, becoming a household name. And of late, the company has translated its top-line growth into profitability, something long-term investors like to see.



In Q4, Zoom brought in $667 million in Enterprise revenue but notably brought in even more impressive bottom-line growth. Now trading at only <a href="https://finance.yahoo.com/quote/ZM?.tsrc=fin-srch">29 times earnings,</a> this is a tech stock I really look at as a value play in an integral sector. The company&rsquo;s shift towards enterprise revenue suggests the potential for even greater accelerated long-term growth.



During the Enterprise Connect conference in Orlando, Zoom Video Communications introduced <a href="https://www.webpronews.com/zoom-unveils-ai-powered-innovations-at-enterprise-connect-2024/">new features for its AI-driven platform,</a> Zoom Workplace, enhancing communication efficiency. That update integrates artificial intelligence across meetings, chat and phone systems, streamlining workflows. The company&rsquo;s AI companion, integral to Zoom Workplace, unifies all Zoom tools, demonstrating Zoom&rsquo;s dedication to accessible technology.



Zoom&rsquo;s AI companion now detects languages and offers better summarization, improving user experiences. It integrates with external platforms like Microsoft Office 365 and Google Workspace for seamless collaboration. Zoom addresses users&rsquo; privacy concerns by ensuring AI model training without using customer or third-party data.



If the surge in AI-related stocks continues, Zoom should benefit over time.



<h2>Meta Platforms (META)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/meta1600-1-300x169.png" alt="In this photo illustration the Meta logo seen displayed on a smartphone and in the background the Facebook logo"><div>Source: rafapress / Shutterstock.com</div></div>Emerging as one of Nasdaq&rsquo;s top-performing stocks and a member of the Magnificent Seven, Meta Platforms (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/">META</a>) boasts an impressive surge over the past year. The company&rsquo;s strategic shift from the metaverse to AI and effective cost-saving measures drove Meta&rsquo;s exceptional operational results. Meta consistently exceeded analyst expectations throughout the year, reporting significant revenue and net income increases across all four quarters.



With an expanding operating margin and strong free cash flow of $43 billion, Meta remains a leader in digital advertising, making it an attractive addition to investment portfolios.



Meta&rsquo;s primary revenue source is its suite of free social media platforms, including Facebook, Instagram, WhatsApp and Messenger, which collectively contributed 98% of its revenue in 2023, mainly from advertising. With a substantial user base and engagement levels, Meta commands around 20% of the U.S. digital advertising market, second only to Alphabet (NASDAQ:<a href="https://investorplace.com/stock-quotes/goog-stock-quote/">GOOG</a>, NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>). Despite fluctuations tied to economic cycles, the digital advertising sector offers considerable growth potential.



On the date of publication, Chris MacDonald did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>
<div>Chris MacDonald&rsquo;s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-tech-stock-winners-to-buy-now-for-a-huge-2024/">3 Tech Stock Winners to Buy Now for a Huge 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Tech Stock Winners to Buy Now for a Huge 2024

Analysts fell to the sidelines weighing in on Bentley Systems (BSY – Research Report) and Cognizant (CTSH – Research Report) with neutral ratings, ...

Wall Street Analysts Are Neutral on Top Technology Picks

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