Cognizant And Victory Capital To Extend Relationship With 5-Year Agreement; Cognizant Will Provide IT Infrastructure, Security, And Data And Analytics Support To Victory Capital's Next Phase Of Digital Transformation

7/17/24 8:12:48 AM ET

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Cognizant will provide IT infrastructure, security, and data and analytics support to Victory Capital's next phase of digital transformation.

TEANECK, N.J., July 17, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) announced today a five-year strategic collaboration with Victory Capital Holdings, Inc. (NASDAQ:VCTR) ("Victory Capital"), a diversified global asset management firm. Cognizant anticipates providing Victory Capital with technology infrastructure, security, and data and analytics capabilities, which will include infrastructure management, security engineering, a 24/7 security operations center, and a comprehensive service desk, which will provide infrastructure and application monitoring and end-user support.

This strategic relationship aims to deliver reliable, scalable, and secure IT solutions. Cognizant is committed to delivering several key capabilities for Victory Capital over the next five years. These include new service management capabilities, improved service productivity, cost savings, and the ability for Victory Capital to cost-effectively scale in support of business growth.

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Recent Analyst Ratings for
$CTSH
$VCTR

Company	Date	Price Target	Rating	Analyst
Cognizant Technology Solutions Corporation $CTSH	5/19/2025	$98.00	Neutral → Overweight	Analyst
Cognizant Technology Solutions Corporation $CTSH	5/1/2025	$90.00	Neutral → Positive	Susquehanna
Victory Capital Holdings Inc. $VCTR	1/7/2025	$57.00 → $60.00	Buy → Neutral	B. Riley Securities
Cognizant Technology Solutions Corporation $CTSH	12/17/2024	$80.00 → $95.00	Equal Weight → Overweight	Barclays
Victory Capital Holdings Inc. $VCTR	10/18/2024	$40.00 → $60.00	Underweight → Equal-Weight	Morgan Stanley
Cognizant Technology Solutions Corporation $CTSH	8/28/2024	$90.00	Buy	Jefferies
Victory Capital Holdings Inc. $VCTR	8/27/2024	$58.00	Equal Weight	Barclays
Cognizant Technology Solutions Corporation $CTSH	8/7/2024	$73.00 → $75.00	Underperform → Neutral	BofA Securities

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