Despite mixed reactions and decelerating rates of return, Cognizant Technology Solutions (NASDAQ:CTSH) continues to showcase growth potential within the tech sector. Over the past five years, investors would have seen a 20% gain. Well-known financial institutes such as Charles Schwab Investment Management Inc and Meri Financial Group LLC have increased their stock positions, highlighting confidence in the firm. However, Savant Capital LLC and Kestra Private Wealth Services LLC still significantly divested from Cognizant. Q1 2024 earnings were recently reported by the company which has spurred a flurry of forecast creation and updating, indicating investor and market interest. Yet, recent financial prospects and quarterly earnings seem to suggest a slowdown in returns on capital. Currently, Cognizant has a hold rating from Needham & Company LLC. However, price targets have been lowered by both BMO Capital Markets and Barclays. Still, the company recently announced that it would be increasing its dividend to $0.30. Financial predictions for Q4 2024 earnings have been boosted by William Blair and its Q1 earnings beat estimates, although revenues were down year on year.
Cognizant Technology Solutions CTSH News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Thu, 09 May 2024 19:00:13 GMT - Rating 0 - Innovation 0 - Information 5 - Rumor -3
