Aware Super Pty Ltd as trustee of Aware Super Sells 57,537 Shares of Cognizant Technology Solutions Corporation $CTSH

Key Points

• Aware Super Pty Ltd reduced its stake in Cognizant Technology Solutions Corporation by 39.1% in the second quarter, selling 57,537 shares and holding 89,538 shares valued at approximately $6.99 million.
• The stock price of Cognizant Technology Solutions has fallen by 0.8%, trading at $66.75 after fluctuating between a one-year low of $65.17 and a high of $90.82.
• Cognizant recently declared a quarterly dividend of $0.31, translating to an annual yield of 1.9% with a payout ratio of 25.20%.

Aware Super Pty Ltd as trustee of Aware Super lowered its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 39.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 89,538 shares of the information technology service provider's stock after selling 57,537 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super's holdings in Cognizant Technology Solutions were worth $6,987,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in Cognizant Technology Solutions during the fourth quarter worth about $214,000. GAMMA Investing LLC raised its holdings in shares of Cognizant Technology Solutions by 19.9% during the 1st quarter. GAMMA Investing LLC now owns 12,059 shares of the information technology service provider's stock valued at $923,000 after buying an additional 2,002 shares in the last quarter. Ritholtz Wealth Management lifted its position in Cognizant Technology Solutions by 21.0% in the 1st quarter. Ritholtz Wealth Management now owns 10,531 shares of the information technology service provider's stock worth $806,000 after buying an additional 1,827 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Cognizant Technology Solutions by 40.7% in the first quarter. Janney Montgomery Scott LLC now owns 28,047 shares of the information technology service provider's stock worth $2,146,000 after buying an additional 8,116 shares in the last quarter. Finally, Sagespring Wealth Partners LLC grew its position in Cognizant Technology Solutions by 36.5% during the first quarter. Sagespring Wealth Partners LLC now owns 5,559 shares of the information technology service provider's stock valued at $425,000 after acquiring an additional 1,487 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Stock Down 0.8%

NASDAQ CTSH opened at $66.75 on Thursday. Cognizant Technology Solutions Corporation has a 1 year low of $65.17 and a 1 year high of $90.82. The stock has a market capitalization of $32.60 billion, a PE ratio of 13.57, a PEG ratio of 1.40 and a beta of 0.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41. The business's 50-day moving average is $69.37 and its 200 day moving average is $73.87.

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

Cognizant Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were issued a $0.31 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.24 annualized dividend and a yield of 1.9%. Cognizant Technology Solutions's payout ratio is 25.20%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CTSH. Evercore ISI assumed 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 raised 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 research note on Friday, July 18th. Wall Street Zen cut Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft started coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued a "hold" rating and a $80.00 target price for the company. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Cognizant Technology Solutions in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Cognizant Technology Solutions has a consensus rating of "Hold" and an average target price 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.

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