Cognizant Technology Solutions Corporation $CTSH Holdings Cut by Boston Trust Walden Corp

Key Points

• Boston Trust Walden Corp reduced its stake in Cognizant Technology Solutions by 23.3% in the second quarter, now holding 94,219 shares worth approximately $7.35 million.
• Despite this decrease, Goldman Sachs Group Inc. increased its holdings in Cognizant by 117.5% during the same period, now owning over 6.8 million shares valued at around $520 million.
• Cognizant Technology Solutions announced a quarterly dividend of $0.31 per share, resulting in a dividend yield of 1.9% based on a payout ratio of 25.20%.

Boston Trust Walden Corp decreased its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 23.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,219 shares of the information technology service provider's stock after selling 28,630 shares during the quarter. Boston Trust Walden Corp's holdings in Cognizant Technology Solutions were worth $7,352,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its holdings in Cognizant Technology Solutions by 117.5% in the first quarter. Goldman Sachs Group Inc. now owns 6,805,893 shares of the information technology service provider's stock worth $520,651,000 after buying an additional 3,677,145 shares during the last quarter. Amundi increased its holdings in Cognizant Technology Solutions by 61.6% in the first quarter. Amundi now owns 4,519,912 shares of the information technology service provider's stock worth $331,584,000 after buying an additional 1,723,335 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Cognizant Technology Solutions by 2,585.0% in the first quarter. Pacer Advisors Inc. now owns 1,776,601 shares of the information technology service provider's stock worth $135,910,000 after buying an additional 1,710,433 shares during the last quarter. Invesco Ltd. increased its holdings in Cognizant Technology Solutions by 13.3% in the first quarter. Invesco Ltd. now owns 12,077,445 shares of the information technology service provider's stock worth $923,925,000 after buying an additional 1,422,265 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Cognizant Technology Solutions in the first quarter worth approximately $90,194,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CTSH shares. Deutsche Bank Aktiengesellschaft began coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a "hold" rating and a $80.00 price objective on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Cognizant Technology Solutions in a research note on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price target on Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Guggenheim upgraded 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. Finally, Evercore ISI began coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They set an "outperform" rating and a $100.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, Cognizant Technology Solutions presently has an average rating of "Hold" and an average price target of $86.79.

Cognizant Technology Solutions Trading Down 0.8%

Shares of CTSH stock 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 firm's fifty day simple moving average is $69.37 and its 200 day simple moving average is $73.87. The firm has a market capitalization of $32.60 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 1.40 and a beta of 0.95. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last announced its earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same quarter in the previous year, the firm posted $1.17 earnings per share. Cognizant Technology Solutions's revenue was up 8.1% compared to the same quarter last year. 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 predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

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

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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