Alyeska Investment Group L.P. Purchases Shares of 478,057 Cognizant Technology Solutions Corporation $CTSH

Key Points

• Alyeska Investment Group L.P. has acquired 478,057 shares of Cognizant Technology Solutions, valued at approximately $36.57 million, increasing its stake to roughly 0.10%.
• Cognizant reported earnings per share of $1.31 for the last quarter, exceeding analyst expectations of $1.26, with total revenue reaching $5.25 billion.
• The company announced a quarterly dividend of $0.31 per share, with an annualized yield of 1.7% and a current dividend payout ratio of 25.20%.

Alyeska Investment Group L.P. acquired 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 (SEC). The firm acquired 478,057 shares of the information technology service provider's stock, valued at approximately $36,571,000. Alyeska Investment Group L.P. owned approximately 0.10% of Cognizant Technology Solutions at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CTSH. Park Square Financial Group LLC bought a new position in shares of Cognizant Technology Solutions in the fourth quarter valued at approximately $36,000. CoreCap Advisors LLC boosted its holdings in shares of Cognizant Technology Solutions by 21.5% in the fourth quarter. CoreCap Advisors LLC now owns 711 shares of the information technology service provider's stock valued at $55,000 after acquiring an additional 126 shares in the last quarter. Pinney & Scofield Inc. bought a new position in shares of Cognizant Technology Solutions in the fourth quarter valued at approximately $55,000. WPG Advisers LLC bought a new position in shares of Cognizant Technology Solutions in the first quarter valued at approximately $61,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Cognizant Technology Solutions in the first quarter valued at approximately $66,000. 92.44% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Trading Up 0.1%

Shares of NASDAQ:CTSH opened at $71.82 on Thursday. The stock has a market capitalization of $35.08 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 1.50 and a beta of 0.93. Cognizant Technology Solutions Corporation has a 1-year low of $65.52 and a 1-year high of $90.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.41. The company has a 50 day moving average price of $73.97 and a 200 day moving average price of $76.71.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last issued its earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share 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 during the quarter, compared to analysts' expectations of $5.17 billion. During the same period last year, the firm posted $1.17 earnings per share. The firm's revenue for the quarter 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. On average, research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS 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. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.7%. Cognizant Technology Solutions's dividend payout ratio (DPR) is currently 25.20%.

Wall Street Analysts Forecast Growth

CTSH has been the subject of several recent analyst reports. Evercore ISI initiated coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an "outperform" rating and a $100.00 price objective for the company. 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 report on Friday, July 18th. JPMorgan Chase & Co. decreased 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 report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft began coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They set a "hold" rating and a $80.00 target price for the company. Finally, Wall Street Zen cut shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Five investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Cognizant Technology Solutions currently has an average rating of "Hold" and an average target price of $86.07.

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.

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