88,220 Cognizant Technology Solutions Corporation $CTSH Shares Bought by Howard Capital Management LLC

Key Points

• Howard Capital Management increased its Cognizant Technology Solutions stake by 152.1% in the third quarter, buying 88,220 shares and bringing its holdings to 146,216 shares valued at approximately $8.4 million.
• Institutional investors and hedge funds own 92.44% of CTSH. Analysts have a consensus “Hold” rating with an average price target of $64.70, despite ten Buy ratings.
• CTSH recently traded at $66.03, while the company reported quarterly revenue of $5.48 billion and EPS of $1.37. It also pays a quarterly dividend of $0.33 per share, representing a 2.0% annualized yield.

Howard Capital Management LLC lifted its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 152.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 146,216 shares of the information technology service provider's stock after purchasing an additional 88,220 shares during the period. Howard Capital Management LLC's holdings in Cognizant Technology Solutions were worth $8,399,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CTSH. Capital Advisors Ltd. LLC lifted its position in Cognizant Technology Solutions by 34.5% during the first quarter. Capital Advisors Ltd. LLC now owns 959 shares of the information technology service provider's stock worth $59,000 after purchasing an additional 246 shares during the period. Security National Bank of SO Dak raised its position in shares of Cognizant Technology Solutions by 1.1% in the 2nd quarter. Security National Bank of SO Dak now owns 25,780 shares of the information technology service provider's stock valued at $998,000 after buying an additional 290 shares in the last quarter. Signature Equity Partners LLC lifted its holdings in shares of Cognizant Technology Solutions by 102.4% during the 1st quarter. Signature Equity Partners LLC now owns 599 shares of the information technology service provider's stock worth $37,000 after acquiring an additional 303 shares during the period. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of Cognizant Technology Solutions by 3.6% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 9,338 shares of the information technology service provider's stock worth $573,000 after acquiring an additional 322 shares during the period. Finally, Marquette Asset Management LLC boosted its position in shares of Cognizant Technology Solutions by 183.9% during the 3rd quarter. Marquette Asset Management LLC now owns 545 shares of the information technology service provider's stock worth $31,000 after acquiring an additional 353 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CTSH. Guggenheim restated a "buy" rating and set a $65.00 target price (down from $80.00) on shares of Cognizant Technology Solutions in a research note on Monday, July 27th. Morgan Stanley reissued a "negative" rating and set a $51.00 target price (up from $44.00) on shares of Cognizant Technology Solutions in a research note on Thursday, July 30th. Wells Fargo & Company increased their target price on shares of Cognizant Technology Solutions from $61.00 to $67.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Wedbush restated an "outperform" rating and issued a $70.00 price target on shares of Cognizant Technology Solutions in a research note on Friday, October 9th. Finally, Nomura dropped their price target 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 issued 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 a consensus target price of $64.70.

Cognizant Technology Solutions Trading Up 0.4%

NASDAQ CTSH traded up $0.26 on Friday, hitting $66.03. The company's stock had a trading volume of 5,323,537 shares, compared to its average volume of 7,169,654. 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 1-year low of $37.08 and a 1-year high of $87.03. The company's 50-day moving average is $60.47 and its 200 day moving average is $54.46. The firm has a market cap of $29.74 billion, a PE ratio of 14.20, a PEG ratio of 1.23 and a beta of 0.86.

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). The business had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.48 billion. Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. Cognizant Technology Solutions's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.31 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. As a group, analysts predict that Cognizant Technology Solutions Corporation will post 5.74 earnings per share 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 dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 18th. Cognizant Technology Solutions's dividend payout ratio (DPR) is currently 28.39%.

Cognizant Technology Solutions Profile

Cognizant Technology Solutions Corporation NASDAQ: CTSH is a global professional services and information technology company that helps businesses modernize their operations and technology infrastructure. Its services include IT consulting, systems integration, application development and modernization, cloud computing, data and analytics, artificial intelligence, cybersecurity, and digital engineering.

The company also provides business process services and industry-specific solutions for sectors such as financial services, healthcare, life sciences, manufacturing, retail, communications, and information technology.

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