CognizantCTSH
Market Cap: $37.6B
About: 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.
Employees: 336,300
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
10% more funds holding in top 10
Funds holding in top 10: 10 [Q1] → 11 (+1) [Q2]
2.69% more ownership
Funds ownership: 92.79% [Q1] → 95.48% (+2.69%) [Q2]
0% more repeat investments, than reductions
Existing positions increased: 324 | Existing positions reduced: 324
4% less capital invested
Capital invested by funds: $33.7B [Q1] → $32.3B (-$1.47B) [Q2]
6% less call options, than puts
Call options by funds: $285M | Put options by funds: $303M
3% less funds holding
Funds holding: 904 [Q1] → 879 (-25) [Q2]
21% less first-time investments, than exits
New positions opened: 96 | Existing positions closed: 121
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
JP Morgan Tien-Tsin Huang 59% 1-year accuracy 30 / 51 met price target | 17%upside $89 | Neutral Maintained | 6 Sept 2024 |
Goldman Sachs James Schneider 71% 1-year accuracy 10 / 14 met price target | 0%upside $76 | Neutral Maintained | 28 Aug 2024 |
RBC Capital Daniel Perlin 70% 1-year accuracy 38 / 54 met price target | 8%upside $82 | Sector Perform Maintained | 28 Aug 2024 |
Jefferies Surinder Thind 40% 1-year accuracy 4 / 10 met price target | 19%upside $90 | Buy Reinstated | 28 Aug 2024 |
B of A Securities Jason Kupferberg 46% 1-year accuracy 6 / 13 met price target | 1%downside $75 | Neutral Upgraded | 7 Aug 2024 |
Financial journalist opinion
Based on 7 articles about CTSH published over the past 30 days