Cognizant Technology Solutions Corporation $CTSH Holdings Lifted by Pzena Investment Management LLC

Key Points

• Pzena Investment Management LLC has increased its stake in Cognizant Technology Solutions by 2.2%, holding 17,450,691 shares as of the second quarter, making it the largest position in their investment portfolio.
• Cognizant reported $1.31 earnings per share for the most recent quarter, exceeding analyst expectations of $1.26, with revenues reaching $5.25 billion.
• The company recently declared a $0.31 per share quarterly dividend, representing a yield of 1.9% and a payout ratio of 25.20%.

Pzena Investment Management LLC grew its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,450,691 shares of the information technology service provider's stock after buying an additional 375,619 shares during the period. Cognizant Technology Solutions accounts for 4.5% of Pzena Investment Management LLC's investment portfolio, making the stock its largest position. Pzena Investment Management LLC owned about 3.54% of Cognizant Technology Solutions worth $1,361,677,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CTSH. Hilltop National Bank purchased a new position in shares of Cognizant Technology Solutions during the 2nd quarter valued at $27,000. Geneos Wealth Management Inc. lifted its position in shares of Cognizant Technology Solutions by 118.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider's stock valued at $44,000 after buying an additional 309 shares during the last quarter. WPG Advisers LLC bought a new stake in shares of Cognizant Technology Solutions during the 1st quarter valued at $61,000. Zions Bancorporation National Association UT bought a new stake in shares of Cognizant Technology Solutions during the 1st quarter valued at $66,000. Finally, Golden State Wealth Management LLC raised its stake in shares of Cognizant Technology Solutions by 290.9% during the 1st quarter. Golden State Wealth Management LLC now owns 899 shares of the information technology service provider's stock valued at $69,000 after purchasing an additional 669 shares during the period. Hedge funds and other institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH opened at $65.80 on Monday. The firm has a market capitalization of $32.14 billion, a P/E ratio of 13.37, a P/E/G ratio of 1.37 and a beta of 0.95. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.04. The stock's 50-day simple moving average is $69.60 and its two-hundred day simple moving average is $74.03. Cognizant Technology Solutions Corporation has a twelve month low of $65.17 and a twelve month high of $90.82.

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 for the quarter, topping analysts' consensus estimates of $1.26 by $0.05. The business had revenue of $5.25 billion for 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%.The company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.17 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 18th were given a dividend of $0.31 per share. The ex-dividend date 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 is 25.20%.

Wall Street Analyst Weigh In

CTSH has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They set a "hold" rating and a $80.00 price objective on the stock. Evercore ISI initiated coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They set an "outperform" rating and a $100.00 price objective on the stock. Guggenheim upgraded Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price objective on the stock in a research note on Friday, July 18th. Wall Street Zen lowered Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Cognizant Technology Solutions in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company currently 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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