AG2R LA Mondiale Gestion D Actifs Buys New Holdings in Cognizant Technology Solutions Corporation $CTSH

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new stake in Cognizant Technology Solutions, purchasing 19,453 shares valued at approximately $1,575,000 during the first quarter.
• Multiple hedge funds increased their holdings in Cognizant, with 92.44% of the stock currently owned by institutional investors, indicating strong institutional interest in the company.
• Wall Street analysts have mixed views on Cognizant's stock, with a consensus rating of "Hold" and a price target of $86.79, following recent earnings that exceeded expectations.

AG2R LA Mondiale Gestion D Actifs bought a new stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 19,453 shares of the information technology service provider's stock, valued at approximately $1,575,000.

Several other hedge funds have also bought and sold shares of the company. Voya Investment Management LLC lifted its stake in Cognizant Technology Solutions by 2.1% in the 1st quarter. Voya Investment Management LLC now owns 1,225,265 shares of the information technology service provider's stock valued at $93,733,000 after purchasing an additional 25,462 shares during the last quarter. Modern Wealth Management LLC acquired a new stake in Cognizant Technology Solutions in the 1st quarter valued at about $345,000. Strs Ohio acquired a new stake in Cognizant Technology Solutions in the 1st quarter valued at about $2,834,000. Jacobi Capital Management LLC lifted its stake in Cognizant Technology Solutions by 3.0% in the 1st quarter. Jacobi Capital Management LLC now owns 7,497 shares of the information technology service provider's stock valued at $573,000 after purchasing an additional 219 shares during the last quarter. Finally, Chelsea Counsel Co. acquired a new stake in Cognizant Technology Solutions during the first quarter worth approximately $480,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CTSH. Guggenheim upgraded shares of Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price objective for the company in a research report on Friday, July 18th. JPMorgan Chase & Co. cut their price objective on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft began 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 objective for the company. Evercore ISI began 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 for the company. Finally, Wall Street Zen downgraded shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Cognizant Technology Solutions currently has a consensus rating of "Hold" and a consensus price target of $86.79.

Cognizant Technology Solutions Stock Down 2.0%

NASDAQ CTSH opened at $69.17 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 1-year low of $65.52 and a 1-year high of $90.82. The company has a 50 day moving average of $72.83 and a 200-day moving average of $75.86. The company has a market cap of $33.78 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 1.47 and a beta of 0.93.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share for the quarter, beating 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 company had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.17 billion. During the same period in the previous year, the business earned $1.17 earnings per share. The firm's quarterly revenue 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, equities research analysts expect that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis 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 25.20%.

About Cognizant Technology Solutions

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.

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