70,127 Shares in Cognizant Technology Solutions Corporation $CTSH Bought by Headlands Technologies LLC

Key Points

• Headlands Technologies LLC acquired 70,127 Cognizant shares in the second quarter, worth approximately $2.7 million. Institutional investors and hedge funds collectively own 92.44% of the company.
• Cognizant reported quarterly revenue of $5.48 billion, up 4.5% year over year, while EPS of $1.37 narrowly missed estimates. The company guided for fiscal 2026 EPS of $5.70–$5.82.
• The board approved a $2 billion share-repurchase program, while the company maintains a quarterly dividend of $0.33 per share, equal to a 2.1% yield. Analysts’ consensus rating is “Hold,” with an average price target of $63.

Headlands Technologies LLC bought a new position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 70,127 shares of the information technology service provider's stock, valued at approximately $2,716,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in Cognizant Technology Solutions in the 4th quarter valued at approximately $690,959,000. GQG Partners LLC acquired a new position in Cognizant Technology Solutions during the fourth quarter worth $673,651,000. Assenagon Asset Management S.A. grew its position in Cognizant Technology Solutions by 925.5% in the second quarter. Assenagon Asset Management S.A. now owns 3,652,358 shares of the information technology service provider's stock valued at $141,456,000 after purchasing an additional 3,296,205 shares in the last quarter. Cibc World Markets Corp acquired a new stake in Cognizant Technology Solutions in the 4th quarter valued at $234,671,000. Finally, Pzena Investment Management LLC boosted its stake in shares of Cognizant Technology Solutions by 14.9% during the 1st quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider's stock worth $1,243,096,000 after buying an additional 2,633,683 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Cognizant Technology Solutions Stock Performance

Shares of NASDAQ:CTSH opened at $64.04 on Monday. The stock has a market cap of $28.85 billion, a PE ratio of 13.77, a P/E/G ratio of 1.28 and a beta of 0.81. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.11. Cognizant Technology Solutions Corporation has a 12-month low of $37.08 and a 12-month high of $87.03. The business has a 50 day moving average of $50.20 and a 200-day moving average of $55.18.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the firm earned $1.31 earnings per share. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. As a group, equities research analysts forecast that Cognizant Technology Solutions Corporation will post 5.71 earnings per share for the current year.

Cognizant Technology Solutions announced that its board has authorized a share repurchase plan on Monday, May 18th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the information technology service provider to purchase up to 9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 18th were paid a $0.33 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $1.32 annualized dividend and a dividend yield of 2.1%. Cognizant Technology Solutions's dividend payout ratio is 28.39%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CTSH. UBS Group decreased their price objective on Cognizant Technology Solutions from $60.00 to $55.00 in a report on Monday, May 11th. Wells Fargo & Company raised their price target on Cognizant Technology Solutions from $61.00 to $67.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Guggenheim reiterated a "buy" rating and set a $65.00 price objective (down from $80.00) on shares of Cognizant Technology Solutions in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on Cognizant Technology Solutions in a report on Friday, July 10th. Finally, Susquehanna set a $82.00 target price on shares of Cognizant Technology Solutions and gave the stock a "positive" rating in a report on Thursday, July 30th. Ten equities 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 company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $63.00.

Cognizant Technology Solutions Profile

Cognizant Technology Solutions NASDAQ: CTSH is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.

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