ABLE Financial Group LLC Buys Shares of 12,528 Cognizant Technology Solutions Corporation $CTSH

Key Points

• ABLE Financial Group LLC has acquired a new stake in Cognizant Technology Solutions, purchasing 12,528 shares valued at approximately $978,000 during the 2nd quarter.
• Cognizant reported earnings per share (EPS) of $1.31 for the last quarter, exceeding analyst expectations of $1.26, and demonstrating an 8.1% year-over-year revenue growth.
• The company recently announced a quarterly dividend of $0.31, resulting in an annualized dividend yield of 1.9%.

ABLE Financial Group 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 Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,528 shares of the information technology service provider's stock, valued at approximately $978,000.

A number of other institutional investors have also recently modified their holdings of the business. Park Square Financial Group LLC acquired a new stake in shares of Cognizant Technology Solutions during the 4th quarter valued at approximately $36,000. Geneos Wealth Management Inc. grew its stake in Cognizant Technology Solutions by 118.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider's stock worth $44,000 after acquiring an additional 309 shares during the period. WPG Advisers LLC purchased a new stake in shares of Cognizant Technology Solutions during the 1st quarter valued at $61,000. Zions Bancorporation National Association UT purchased a new stake in shares of Cognizant Technology Solutions during the 1st quarter valued at $66,000. Finally, Golden State Wealth Management LLC grew its stake in shares of Cognizant Technology Solutions by 290.9% during the 1st quarter. Golden State Wealth Management LLC now owns 899 shares of the information technology service provider's stock valued at $69,000 after buying an additional 669 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Price Performance

Shares of CTSH stock traded up $1.22 during trading on Monday, hitting $68.16. The company had a trading volume of 6,724,614 shares, compared to its average volume of 4,153,355. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.04. The stock's 50-day moving average is $71.72 and its two-hundred day moving average is $75.18. The stock has a market capitalization of $33.29 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 1.39 and a beta of 0.93. Cognizant Technology Solutions Corporation has a 52 week low of $65.17 and a 52 week high of $90.82.

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

Cognizant Technology Solutions Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CTSH shares. 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. Wall Street Zen downgraded shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. decreased their target price on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Evercore ISI began coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They set an "outperform" rating and a $100.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They set a "hold" rating and a $80.00 price target on the stock. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Cognizant Technology Solutions 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.