Ancora Advisors LLC Reduces Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Key Points

• Ancora Advisors cut its Cognizant Technology Solutions stake by 23.2% in the second quarter, selling 22,794 shares and retaining 75,615 shares valued at approximately $2.93 million. Institutional investors collectively own 92.44% of the company.
• Cognizant reported quarterly revenue of $5.48 billion, up 4.5% year over year, but earnings per share of $1.37 narrowly missed analysts’ $1.38 estimate. The company issued fiscal 2026 EPS guidance of $5.70–$5.82.
• The company maintains a quarterly dividend of $0.33, yielding about 2.1%, and authorized a $2 billion share-repurchase program covering up to 9% of its outstanding stock. Analysts’ consensus rating is “Hold,” with an average price target of $63.

Ancora Advisors LLC reduced its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 23.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,615 shares of the information technology service provider's stock after selling 22,794 shares during the quarter. Ancora Advisors LLC's holdings in Cognizant Technology Solutions were worth $2,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Evolve Private Wealth LLC purchased a new stake in shares of Cognizant Technology Solutions during the 4th quarter valued at approximately $2,642,000. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Cognizant Technology Solutions in the 1st quarter valued at approximately $29,510,000. Pzena Investment Management LLC raised its holdings in Cognizant Technology Solutions by 14.9% during the 1st quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider's stock valued at $1,243,096,000 after acquiring an additional 2,633,683 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Cognizant Technology Solutions by 34.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,874,274 shares of the information technology service provider's stock valued at $238,565,000 after acquiring an additional 734,337 shares during the period. Finally, Corient Private Wealth LLC lifted its position in shares of Cognizant Technology Solutions by 44.4% during the fourth quarter. Corient Private Wealth LLC now owns 108,131 shares of the information technology service provider's stock worth $8,977,000 after acquiring an additional 33,248 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Trading Up 0.0%

Cognizant Technology Solutions stock opened at $63.40 on Thursday. The stock has a market cap of $28.56 billion, a P/E ratio of 13.63, a PEG ratio of 1.19 and a beta of 0.83. Cognizant Technology Solutions Corporation has a fifty-two week low of $37.08 and a fifty-two week high of $87.03. The firm's fifty day moving average price is $51.54 and its 200-day moving average price is $55.04. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.18 and a current ratio of 2.18.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last announced its earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share for the quarter, missing analysts' consensus estimates of $1.38 by ($0.01). The business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.48 billion. Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%.Cognizant Technology Solutions's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.31 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. Equities research analysts forecast that Cognizant Technology Solutions Corporation will post 5.71 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 $0.33 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $1.32 annualized dividend and a yield of 2.1%. Cognizant Technology Solutions's payout ratio is 28.39%.

Cognizant Technology Solutions declared that its board has initiated a share repurchase program on Monday, May 18th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the information technology service provider to repurchase up to 9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

CTSH has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on Cognizant Technology Solutions from $61.00 to $67.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Morgan Stanley reiterated a "negative" rating and set a $51.00 price objective (up from $44.00) on shares of Cognizant Technology Solutions in a research note on Thursday, July 30th. Nomura dropped their price objective on Cognizant Technology Solutions from $93.00 to $74.00 and set a "buy" rating on the stock in a report on Wednesday, July 1st. Robert W. Baird set a $68.00 target price on Cognizant Technology Solutions in a report on Thursday, July 30th. Finally, Truist Financial began coverage on Cognizant Technology Solutions in a report on Monday, June 1st. They set a "hold" rating and a $66.00 target price for the company. Ten investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $63.00.

Cognizant Technology Solutions Profile

Cognizant Technology Solutions NASDAQ: CTSH is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.

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