Banco Bilbao Vizcaya Argentaria S.A. Buys 10,418 Shares of Cognizant Technology Solutions Corporation $CTSH

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Cognizant Technology Solutions by 10.7% during the first quarter, owning a total of 107,558 shares valued at approximately $8.23 million.
• Cognizant reported a Q2 earnings per share of $1.31, exceeding analysts' expectations of $1.26, with quarterly revenue reaching $5.25 billion.
• The company recently announced a quarterly dividend of $0.31 per share, representing an annualized dividend yield of 1.7%.

Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 10.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,558 shares of the information technology service provider's stock after buying an additional 10,418 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Cognizant Technology Solutions were worth $8,232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CTSH. CoreCap Advisors LLC raised its position in shares of Cognizant Technology Solutions by 21.5% during the 4th quarter. CoreCap Advisors LLC now owns 711 shares of the information technology service provider's stock worth $55,000 after purchasing an additional 126 shares during the period. Connecticut Wealth Management LLC boosted its stake in shares of Cognizant Technology Solutions by 0.8% during the 4th quarter. Connecticut Wealth Management LLC now owns 17,650 shares of the information technology service provider's stock worth $1,357,000 after acquiring an additional 138 shares in the last quarter. Conning Inc. lifted its holdings in shares of Cognizant Technology Solutions by 4.4% in the first quarter. Conning Inc. now owns 3,547 shares of the information technology service provider's stock valued at $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 lifted its holdings 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 valued at $146,000 after purchasing an additional 151 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wall Street Zen lowered Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. cut their target price on Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. TD Securities raised 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. Evercore ISI initiated coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They set an "outperform" rating and a $100.00 target price on the stock. Finally, Susquehanna upgraded Cognizant Technology Solutions from a "neutral" rating to a "positive" rating and raised their target price for the company from $77.00 to $90.00 in a report on Thursday, May 1st. Six analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, Cognizant Technology Solutions currently has an average rating of "Hold" and an average target price of $86.31.

Cognizant Technology Solutions Stock Performance

Shares of Cognizant Technology Solutions stock traded down $0.80 during trading on Monday, reaching $71.57. The company's stock had a trading volume of 735,626 shares, compared to its average volume of 3,822,349. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.41. The business's fifty day moving average price is $74.95 and its 200-day moving average price is $77.46. The firm has a market cap of $34.95 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 1.51 and a beta of 0.90. Cognizant Technology Solutions Corporation has a one year low of $65.52 and a one year high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.05. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same period in the previous year, the company posted $1.17 earnings per share. The firm's revenue for the quarter 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. As a group, equities research analysts predict that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 18th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.7%. Cognizant Technology Solutions's dividend payout ratio (DPR) is 25.20%.

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.