Kingstone Capital Partners Texas LLC Invests $61.75 Million in Cognizant Technology Solutions Corporation $CTSH

Key Points

• Kingstone Capital Partners Texas LLC purchased 828,299 shares of Cognizant Technology Solutions valued at approximately $61.75 million, representing 0.17% ownership of the company.
• Several institutional investors, including Invesco and Goldman Sachs, have significantly increased their positions in Cognizant during the first quarter, showcasing strong interest in the firm's stock.
• Cognizant has declared a quarterly dividend of $0.31 per share, with an annual yield of 1.9% and a payout ratio of 25.20%.

Kingstone Capital Partners Texas LLC bought a new position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 828,299 shares of the information technology service provider's stock, valued at approximately $61,753,000. Kingstone Capital Partners Texas LLC owned 0.17% of Cognizant Technology Solutions at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CTSH. Goldman Sachs Group Inc. lifted its stake in shares of Cognizant Technology Solutions by 117.5% in 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. Amundi boosted its stake in Cognizant Technology Solutions by 61.6% during the first quarter. Amundi now owns 4,519,912 shares of the information technology service provider's stock worth $331,584,000 after acquiring an additional 1,723,335 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Cognizant Technology Solutions by 2,585.0% in the first quarter. Pacer Advisors Inc. now owns 1,776,601 shares of the information technology service provider's stock worth $135,910,000 after acquiring an additional 1,710,433 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Cognizant Technology Solutions by 13.3% in the first 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. Finally, Nuveen LLC bought a new position in Cognizant Technology Solutions in the 1st quarter valued at approximately $90,194,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Trading Up 1.8%

Cognizant Technology Solutions stock traded up $1.24 during mid-day trading on Monday, hitting $68.18. The company's stock had a trading volume of 3,766,163 shares, compared to its average volume of 3,895,966. The company has a 50 day moving average of $71.86 and a 200-day moving average of $75.29. The stock has a market cap of $33.30 billion, a PE ratio of 13.86, a P/E/G ratio of 1.39 and a beta of 0.93. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.41. Cognizant Technology Solutions Corporation has a one year low of $65.17 and a one year high of $90.82.

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

Cognizant Technology Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions's dividend payout ratio (DPR) is currently 25.20%.

Analyst Ratings Changes

CTSH has been the topic of several research analyst reports. Guggenheim upgraded shares of Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 target price on the stock in a research note on Friday, July 18th. Evercore ISI started coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They set an "outperform" rating and a $100.00 price objective on the stock. Wall Street Zen cut Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft started coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They set a "hold" rating and a $80.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered their price target on Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.