AQR Capital Management LLC Trims Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Key Points

• AQR Capital Management LLC reduced its stake in Cognizant Technology Solutions by 23.9%, selling 175,414 shares and ending up with 557,333 shares valued at $42,179,000.
• Institutional investors collectively own 92.44% of Cognizant's stock, with several firms, including Ritholtz Wealth Management and Golden State Wealth Management, increasing their stakes recently.
• Cognizant Technology Solutions' stock currently has an average analyst rating of "Hold" with an average price target of $86.07, while the company reported a year-over-year revenue increase of 8.1%.

AQR Capital Management LLC cut its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 23.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 557,333 shares of the information technology service provider's stock after selling 175,414 shares during the quarter. AQR Capital Management LLC owned approximately 0.11% of Cognizant Technology Solutions worth $42,179,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CTSH. Park Square Financial Group LLC bought a new position in Cognizant Technology Solutions during the fourth quarter valued at approximately $36,000. CoreCap Advisors LLC boosted its stake 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 in the last quarter. Pinney & Scofield Inc. bought a new position in shares of Cognizant Technology Solutions during the 4th quarter valued at $55,000. WPG Advisers LLC purchased a new position in Cognizant Technology Solutions in the 1st quarter worth $61,000. Finally, Zions Bancorporation National Association UT bought a new stake in Cognizant Technology Solutions in the first quarter worth $66,000. Institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Trading Down 2.0%

Shares of CTSH traded down $1.38 during mid-day trading on Friday, hitting $69.17. 4,099,216 shares of the company's stock traded hands, compared to its average volume of 3,347,821. 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 firm has a market capitalization of $33.78 billion, a P/E ratio of 14.06, a PEG ratio of 1.47 and a beta of 0.93. The business's 50-day moving average price is $72.83 and its 200-day moving average price is $75.92. Cognizant Technology Solutions Corporation has a 1 year low of $65.52 and a 1 year high of $90.82.

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 the consensus estimate of $1.26 by $0.05. The business had revenue of $5.25 billion for the quarter, compared to analysts' expectations of $5.17 billion. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

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

Analysts Set New Price Targets

CTSH has been the topic of a number of recent research reports. Wall Street Zen cut Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Evercore ISI initiated coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They set an "outperform" rating and a $100.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Guggenheim raised Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price objective for the company in a research note on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued a "hold" rating and a $80.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $86.79.

Cognizant Technology Solutions Company 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.