75,615 Shares in Cognizant Technology Solutions Corporation $CTSH Purchased by Ancora Advisors LLC

Ancora Advisors LLC purchased a new position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 75,615 shares of the information technology service provider's stock, valued at approximately $2,929,000.

Several other institutional investors also recently bought and sold shares of CTSH. JPL Wealth Management LLC acquired a new stake in shares of Cognizant Technology Solutions in the third quarter valued at about $25,000. Prosperity Bancshares Inc purchased a new position in Cognizant Technology Solutions in the 4th quarter valued at about $29,000. Signature Equity Partners LLC lifted its stake in Cognizant Technology Solutions by 102.4% in the 1st quarter. Signature Equity Partners LLC now owns 599 shares of the information technology service provider's stock valued at $37,000 after buying an additional 303 shares in the last quarter. Reflection Asset Management acquired a new stake in Cognizant Technology Solutions in the 4th quarter worth about $40,000. Finally, MV Capital Management Inc. acquired a new stake in Cognizant Technology Solutions in the 4th quarter worth about $42,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Cognizant Technology Solutions Price Performance

Cognizant Technology Solutions stock opened at $62.09 on Thursday. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $49.39 and a 200 day moving average price of $55.35. Cognizant Technology Solutions Corporation has a 12-month low of $37.08 and a 12-month high of $87.03. The stock has a market cap of $27.97 billion, a P/E ratio of 13.35, a PEG ratio of 1.26 and a beta of 0.82.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.01). The firm had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.48 billion. Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.31 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. Sell-side analysts anticipate that Cognizant Technology Solutions Corporation will post 5.71 earnings per share for the current year.

Cognizant Technology Solutions declared that its board has approved a share buyback plan on Monday, May 18th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the information technology service provider to reacquire up to 9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Cognizant Technology Solutions Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CTSH. TD Cowen raised their price objective on Cognizant Technology Solutions from $47.00 to $54.00 and gave the company a "hold" rating in a report on Thursday, July 30th. Evercore dropped their target price on shares of Cognizant Technology Solutions from $100.00 to $70.00 in a report on Thursday, April 30th. Truist Financial assumed coverage on shares of Cognizant Technology Solutions in a research report on Monday, June 1st. They issued a "hold" rating and a $66.00 target price for the company. HSBC decreased their price target on shares of Cognizant Technology Solutions from $80.00 to $68.00 and set a "buy" rating on the stock in a research note on Wednesday, July 1st. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Cognizant Technology Solutions in a research report on Friday, August 7th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $63.00.

Cognizant Technology Solutions Company 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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