BDF Gestion Sells 4,092 Shares of Cognizant Technology Solutions Corporation $CTSH

Key Points

• BDF Gestion reduced its stake in Cognizant Technology Solutions by 9.8%, selling 4,092 shares and now holding 37,554 shares worth approximately $2.93 million.
• The company reported a profit of $1.31 EPS for the last quarter, exceeding estimates, with a year-over-year revenue increase of 8.1% to $5.25 billion.
• Cognizant's quarterly dividend was announced at $0.31 per share, with a yield of 1.9% and a payout ratio of 25.20%.

BDF Gestion lowered its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 9.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,554 shares of the information technology service provider's stock after selling 4,092 shares during the period. BDF Gestion's holdings in Cognizant Technology Solutions were worth $2,930,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CTSH. Brighton Jones LLC bought a new stake in Cognizant Technology Solutions during the fourth quarter valued at approximately $214,000. City National Bank of Florida MSD purchased a new stake in shares of Cognizant Technology Solutions during the 4th quarter valued at $221,000. Vise Technologies Inc. purchased a new stake in shares of Cognizant Technology Solutions during the 4th quarter valued at $365,000. GTS Securities LLC lifted its holdings in shares of Cognizant Technology Solutions by 394.9% during the 4th quarter. GTS Securities LLC now owns 16,387 shares of the information technology service provider's stock worth $1,260,000 after acquiring an additional 21,944 shares during the last quarter. Finally, Neo Ivy Capital Management grew its position in Cognizant Technology Solutions by 18.4% in the fourth quarter. Neo Ivy Capital Management now owns 14,838 shares of the information technology service provider's stock worth $1,141,000 after acquiring an additional 2,304 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Stock Performance

Shares of CTSH stock opened at $66.94 on Friday. The company has a market capitalization of $32.69 billion, a P/E ratio of 13.61, a PEG ratio of 1.46 and a beta of 0.93. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.17 and a fifty-two week high of $90.82. 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 stock has a 50 day moving average price of $71.86 and a two-hundred day moving average price of $75.41.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last issued its earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.26 by $0.05. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.17 billion. During the same period in the previous year, the firm earned $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. Analysts expect that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. 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. reduced their price objective on Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft assumed coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued a "hold" rating and a $80.00 target price for the company. Wall Street Zen lowered Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Guggenheim raised shares of Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price target on the stock in a research note on Friday, July 18th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, Cognizant Technology Solutions has a consensus rating of "Hold" and an average price target of $86.79.

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.

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