American Century Companies Inc. Has $107.36 Million Stock Position in Cognizant Technology Solutions Corporation $CTSH

Key Points

• American Century Companies Inc. reduced its holdings in Cognizant Technology Solutions by 15.9%, selling 266,267 shares and now owning approximately 1.4 million shares worth $107.36 million.
• Analysts maintain a consensus rating of "Hold" on Cognizant Technology Solutions, with a target price averaging $86.56 and recent reports from Barclays and Needham & Company reaffirming their positions.
• Cognizant Technology Solutions reported a quarterly EPS of $1.31, exceeding estimates, and plans to distribute a quarterly dividend of $0.31 on August 26th.

American Century Companies Inc. lowered its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 15.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,403,423 shares of the information technology service provider's stock after selling 266,267 shares during the quarter. American Century Companies Inc. owned about 0.28% of Cognizant Technology Solutions worth $107,362,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. CoreCap Advisors LLC boosted its position in shares of Cognizant Technology Solutions by 21.5% in the 4th quarter. CoreCap Advisors LLC now owns 711 shares of the information technology service provider's stock valued at $55,000 after purchasing an additional 126 shares during the period. Connecticut Wealth Management LLC lifted its position in shares of Cognizant Technology Solutions by 0.8% in the 4th quarter. Connecticut Wealth Management LLC now owns 17,650 shares of the information technology service provider's stock valued at $1,357,000 after acquiring an additional 138 shares in the last quarter. Conning Inc. grew its position in Cognizant Technology Solutions by 4.4% during the 1st quarter. Conning Inc. now owns 3,547 shares of the information technology service provider's stock worth $271,000 after purchasing an additional 149 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Cognizant Technology Solutions by 1.7% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,733 shares of the information technology service provider's stock valued at $668,000 after purchasing an additional 149 shares in the last quarter. Finally, Private Trust Co. NA boosted its position in shares of Cognizant Technology Solutions by 8.6% in the first quarter. Private Trust Co. NA now owns 1,913 shares of the information technology service provider's stock worth $146,000 after buying an additional 151 shares during the period. Institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Stock Down 0.5%

NASDAQ CTSH traded down $0.37 during trading on Wednesday, reaching $70.49. The company's stock had a trading volume of 3,492,850 shares, compared to its average volume of 3,853,912. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $34.43 billion, a PE ratio of 14.33, a PEG ratio of 1.46 and a beta of 0.90. Cognizant Technology Solutions Corporation has a 1-year low of $65.52 and a 1-year high of $90.82. The business has a 50-day moving average price of $75.47 and a 200-day moving average price of $77.78.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $5.17 billion. During the same quarter in the prior year, the business posted $1.17 EPS. Cognizant Technology Solutions'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, research analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, August 18th. Cognizant Technology Solutions's dividend payout ratio is 25.20%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CTSH shares. Wall Street Zen lowered Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Needham & Company LLC reaffirmed a "hold" rating on shares of Cognizant Technology Solutions in a research note on Thursday, May 1st. TD Securities upped their target price on Cognizant Technology Solutions from $77.00 to $79.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Guggenheim upgraded shares of Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price target for the company in a report on Friday, July 18th. Finally, 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 on the stock. Six investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $86.31.

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.