AXQ Capital LP Increases Stock Position in Cognizant Technology Solutions Corporation $CTSH

AXQ Capital LP boosted its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 744.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,121 shares of the information technology service provider's stock after buying an additional 96,195 shares during the period. Cognizant Technology Solutions makes up 0.5% of AXQ Capital LP's investment portfolio, making the stock its 28th biggest holding. AXQ Capital LP's holdings in Cognizant Technology Solutions were worth $4,226,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Security National Bank of SO Dak boosted its position in shares of Cognizant Technology Solutions by 0.6% in the second quarter. Security National Bank of SO Dak now owns 24,635 shares of the information technology service provider's stock valued at $1,922,000 after acquiring an additional 150 shares during the period. Advisory Alpha LLC grew its position in shares of Cognizant Technology Solutions by 2.8% during the 4th quarter. Advisory Alpha LLC now owns 5,987 shares of the information technology service provider's stock valued at $497,000 after purchasing an additional 163 shares in the last quarter. Quarry LP increased its holdings in shares of Cognizant Technology Solutions by 23.9% in the fourth quarter. Quarry LP now owns 844 shares of the information technology service provider's stock worth $70,000 after purchasing an additional 163 shares during the period. Root Financial Partners LLC raised its position in shares of Cognizant Technology Solutions by 26.8% in the fourth quarter. Root Financial Partners LLC now owns 780 shares of the information technology service provider's stock worth $65,000 after buying an additional 165 shares in the last quarter. Finally, Altman Advisors Inc. raised its position in shares of Cognizant Technology Solutions by 0.7% in the fourth quarter. Altman Advisors Inc. now owns 23,313 shares of the information technology service provider's stock worth $1,935,000 after buying an additional 167 shares in the last quarter. Institutional investors own 92.44% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CTSH shares. Guggenheim restated a "buy" rating and set a $65.00 target price (down from $80.00) on shares of Cognizant Technology Solutions in a research report on Monday, July 27th. Robert W. Baird set a $68.00 price target on Cognizant Technology Solutions in a report on Thursday, July 30th. Mizuho set a $64.00 price target on Cognizant Technology Solutions in a research report on Thursday, August 6th. Wedbush raised Cognizant Technology Solutions from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $56.00 to $70.00 in a report on Monday, June 8th. Finally, Berenberg Bank set a $59.00 price objective on shares of Cognizant Technology Solutions and gave the stock a "hold" rating in a research report on Wednesday, June 17th. Ten analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Cognizant Technology Solutions currently has an average rating of "Hold" and a consensus target price of $63.00.

Cognizant Technology Solutions Price Performance

CTSH opened at $64.64 on Friday. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $29.12 billion, a P/E ratio of 13.90, a PEG ratio of 1.19 and a beta of 0.83. The stock has a 50-day moving average price of $52.05 and a 200-day moving average price of $55.03. Cognizant Technology Solutions Corporation has a 12-month low of $37.08 and a 12-month high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $5.48 billion for the quarter, compared to analysts' expectations of $5.48 billion. Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.31 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. Equities analysts predict that Cognizant Technology Solutions Corporation will post 5.71 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The firm 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. This represents a $1.32 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, August 18th. Cognizant Technology Solutions's dividend payout ratio (DPR) is presently 28.39%.

Cognizant Technology Solutions declared that its Board of Directors has initiated a share buyback plan on Monday, May 18th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the information technology service provider to repurchase up to 9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.

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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