111 Capital Has $303,000 Stock Position in Cognizant Technology Solutions Corporation $CTSH

Key Points

• 111 Capital has reduced its stake in Cognizant Technology Solutions by 76.5% during Q2, now owning 3,882 shares worth approximately $303,000.
• Several institutional investors increased their positions in Cognizant, with Goldman Sachs boosting its stake by 117.5% during Q1.
• Cognizant reported Q2 earnings of $1.31 per share, exceeding expectations, and announced a quarterly dividend of $0.31 per share, yielding 1.8%.

111 Capital decreased its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 76.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,882 shares of the information technology service provider's stock after selling 12,637 shares during the period. 111 Capital's holdings in Cognizant Technology Solutions were worth $303,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Invesco Ltd. lifted its position in Cognizant Technology Solutions by 13.3% during the 1st quarter. Invesco Ltd. now owns 12,077,445 shares of the information technology service provider's stock worth $923,925,000 after buying an additional 1,422,265 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Cognizant Technology Solutions by 117.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,805,893 shares of the information technology service provider's stock valued at $520,651,000 after purchasing an additional 3,677,145 shares during the period. Wellington Management Group LLP lifted its position in Cognizant Technology Solutions by 9.9% during the 1st quarter. Wellington Management Group LLP now owns 6,458,318 shares of the information technology service provider's stock valued at $494,061,000 after purchasing an additional 579,175 shares during the period. Dimensional Fund Advisors LP lifted its position in Cognizant Technology Solutions by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,029,067 shares of the information technology service provider's stock valued at $461,169,000 after purchasing an additional 28,646 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Cognizant Technology Solutions by 6.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,648,919 shares of the information technology service provider's stock valued at $355,642,000 after purchasing an additional 275,755 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.

Cognizant Technology Solutions Stock Performance

Shares of CTSH stock opened at $67.80 on Tuesday. The stock has a 50-day moving average of $70.00 and a 200-day moving average of $74.32. Cognizant Technology Solutions Corporation has a one year low of $65.17 and a one year high of $90.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41. The stock has a market cap of $33.11 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 1.41 and a beta of 0.95.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.05. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The business had revenue of $5.25 billion during the quarter, compared to analysts' expectations of $5.17 billion. During the same period in the prior year, the business earned $1.17 EPS. Cognizant Technology Solutions's revenue for the quarter was up 8.1% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions's dividend payout ratio is presently 25.20%.

Analyst Ratings Changes

A number of research firms have issued reports on CTSH. Deutsche Bank Aktiengesellschaft began coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They set a "hold" rating and a $80.00 target price on the stock. JPMorgan Chase & Co. cut their target price on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Wall Street Zen downgraded shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Guggenheim raised Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price target for the company in a research note on Friday, July 18th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Cognizant Technology Solutions in a research note on Saturday, September 27th. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $86.79.

Cognizant Technology Solutions Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and 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.

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