14 Best Consulting Stocks to Buy Now

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07. Cognizant Technology Solutions Corporation (NASDAQ:CTSH)

Number of Hedge Fund Holders: 35

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) provides consulting, technology, and outsourcing services globally through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media, and Technology. On July 23, Barclays raised its price target for Cognizant Technology Solutions Corporation (NASDAQ:CTSH) from $75.00 to $80.00 with an “equal weight” rating. In the latest quarter, Cognizant Technology Solutions Corporation (NASDAQ:CTSH) reported an EPS of $1.12, beating expectations by $0.01, with revenue of $4.76 billion, surpassing forecasts by $39.33 million. On July 29, Cognizant (NASDAQ: CTSH) announced a strategic partnership with Hays, a leading workforce solutions and recruitment specialist. This partnership aims to transform Hays’ technology landscape, enhancing operational efficiency and innovation. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) will support Hays’ global Applications, Infrastructure, and Transformation initiatives, providing modern, secure technologies for improved customer experience and valuable data insights to drive future growth.

In the first quarter of 2024, the number of hedge funds with stakes in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) stood same at 35 as in the previous quarter, according to Insider Monkey’s database. The combined value of these stakes is approximately $2.05 billion. Richard S. Pzena’s Pzena Investment Management emerged as the largest stakeholder among these hedge funds during this period.

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