25,963 Cognizant Technology Solutions Corporation $CTSH Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lessened its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 80.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,363 shares of the information technology service provider's stock after selling 25,963 shares during the period. TD Waterhouse Canada Inc.'s holdings in Cognizant Technology Solutions were worth $365,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Pzena Investment Management LLC grew its holdings in shares of Cognizant Technology Solutions by 14.9% in the 1st quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider's stock valued at $1,243,096,000 after buying an additional 2,633,683 shares during the period. Dimensional Fund Advisors LP raised its stake in Cognizant Technology Solutions by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,404,918 shares of the information technology service provider's stock worth $392,947,000 after buying an additional 222,819 shares during the period. Amundi raised its stake in Cognizant Technology Solutions by 9.2% during the 1st quarter. Amundi now owns 6,177,881 shares of the information technology service provider's stock worth $379,013,000 after buying an additional 520,532 shares during the period. Assenagon Asset Management S.A. raised its stake in Cognizant Technology Solutions by 925.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,652,358 shares of the information technology service provider's stock worth $141,456,000 after buying an additional 3,296,205 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in Cognizant Technology Solutions by 27.2% during the first quarter. Hsbc Holdings PLC now owns 3,471,681 shares of the information technology service provider's stock worth $213,004,000 after acquiring an additional 742,466 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Cognizant Technology Solutions Stock Performance

Shares of CTSH opened at $70.54 on Friday. Cognizant Technology Solutions Corporation has a 12 month low of $37.08 and a 12 month high of $87.03. The firm has a fifty day simple moving average of $61.58 and a 200 day simple moving average of $54.74. The stock has a market capitalization of $31.77 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.38 and a beta of 0.86. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.11.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share for the quarter, missing analysts' consensus estimates of $1.38 by ($0.01). Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the business posted $1.31 EPS. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. Research analysts forecast that Cognizant Technology Solutions Corporation will post 5.74 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 18th were given a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.9%. Cognizant Technology Solutions's payout ratio is currently 28.39%.

Key Stories Impacting Cognizant Technology Solutions

Here are the key news stories impacting Cognizant Technology Solutions this week:

• Positive Sentiment: Cognizant launched AI Nexus, a modular platform designed to help enterprises manage AI spending, quality and business outcomes. The product could strengthen the company’s AI-services offering and support demand for its consulting and implementation work. Introducing Cognizant AI Nexus
• Positive Sentiment: The planned acquisition of DyFlex Solutions would add SAP advisory, implementation and managed-services capabilities in Australia and New Zealand, potentially expanding Cognizant’s AI-led enterprise-transformation business. Wedbush said the deal could improve the company’s SAP and AI capabilities. Cognizant to Acquire DyFlex Solutions
• Positive Sentiment: Options activity showed elevated call buying, while several analysts maintain bullish ratings, including Buy or Overweight recommendations. These signals suggest some investors still expect upside.
• Neutral Sentiment: Analysts expect single-digit earnings growth in the upcoming report. However, the median recent price target of $69 is close to the stock’s trading level, indicating limited consensus upside at present.
• Negative Sentiment: Investors are reducing exposure ahead of earnings amid uncertainty about IT-services demand, AI spending and Cognizant’s near-term outlook. Recent commentary also suggests the company may not have the strongest setup for an earnings beat.
• Negative Sentiment: Broader weakness in technology shares and cooling enthusiasm for parts of the AI trade pressured consulting and IT-services companies, weighing on CTSH independently of company-specific developments.
• Negative Sentiment: Insiders reported nine open-market sales and no purchases over the past six months. In addition, a new credit agreement featuring a $550 million term loan and a $1.85 billion revolving facility has drawn attention to capital allocation and leverage.

Analysts Set New Price Targets

Several brokerages have issued reports on CTSH. Citigroup restated a "neutral" rating on shares of Cognizant Technology Solutions in a report on Monday. Guggenheim reiterated a "buy" rating and set a $65.00 price objective (down from $80.00) on shares of Cognizant Technology Solutions in a report on Monday, July 27th. HSBC cut their price objective on Cognizant Technology Solutions from $80.00 to $68.00 and set a "buy" rating on the stock in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $70.00 price objective (up from $65.00) on shares of Cognizant Technology Solutions in a research report on Friday, September 18th. Finally, Nomura lowered their target price on Cognizant Technology Solutions from $93.00 to $74.00 and set a "buy" rating for the company in a research note on Wednesday, July 1st. Ten research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $64.70.

Cognizant Technology Solutions Profile

Cognizant Technology Solutions Corporation is a global information technology services and consulting company that helps organizations modernize their technology infrastructure, operations and customer experiences. The company serves businesses across industries including financial services, healthcare, life sciences, manufacturing, retail and communications.

Cognizant's services include consulting, application development and modernization, cloud computing, data and artificial intelligence, digital engineering, cybersecurity and business process services.

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