Cognizant Technology Solutions Corporation $CTSH Shares Acquired by Candriam S.C.A.

Key Points

• Candriam S.C.A. increased its stake in Cognizant Technology Solutions by 9.7%, holding 41,469 shares valued at approximately $3.17 million as of the latest reporting period.
• Cognizant reported earnings per share of $1.31, exceeding analysts' expectations, and a revenue of $5.25 billion for the quarter, representing an 8.1% year-over-year increase.
• The company announced a quarterly dividend of $0.31 per share, which will be paid on August 26th, leading to an annualized dividend yield of 1.7%.

Candriam S.C.A. grew its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 9.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,469 shares of the information technology service provider's stock after buying an additional 3,651 shares during the quarter. Candriam S.C.A.'s holdings in Cognizant Technology Solutions were worth $3,172,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ritholtz Wealth Management increased its holdings in Cognizant Technology Solutions by 21.0% in the 1st quarter. Ritholtz Wealth Management now owns 10,531 shares of the information technology service provider's stock worth $806,000 after acquiring an additional 1,827 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Cognizant Technology Solutions by 1.4% in the first quarter. Envestnet Asset Management Inc. now owns 500,039 shares of the information technology service provider's stock valued at $38,253,000 after purchasing an additional 7,105 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Cognizant Technology Solutions by 40.7% during the first quarter. Janney Montgomery Scott LLC now owns 28,047 shares of the information technology service provider's stock worth $2,146,000 after purchasing an additional 8,116 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in Cognizant Technology Solutions by 290.9% in 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 buying an additional 669 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Cognizant Technology Solutions by 14.0% in the 1st quarter. Farther Finance Advisors LLC now owns 4,814 shares of the information technology service provider's stock worth $368,000 after buying an additional 591 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Guggenheim raised 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Cognizant Technology Solutions in a research note on Thursday, May 1st. Susquehanna upgraded shares of Cognizant Technology Solutions from a "neutral" rating to a "positive" rating and increased their target price for the company from $77.00 to $90.00 in a research report on Thursday, May 1st. JPMorgan Chase & Co. decreased their price target on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Finally, TD Securities upped their price objective on shares of Cognizant Technology Solutions from $77.00 to $79.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $86.07.

Cognizant Technology Solutions Stock Down 0.5%

Shares of CTSH traded down $0.34 during mid-day trading on Thursday, hitting $71.97. 1,006,720 shares of the company's stock were exchanged, compared to its average volume of 3,823,867. 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 company has a market cap of $35.15 billion, a price-to-earnings ratio of 14.64, a P/E/G ratio of 1.49 and a beta of 0.90. The stock's 50-day moving average is $74.49 and its 200-day moving average is $77.29. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.52 and a fifty-two week high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released 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. The firm had revenue of $5.25 billion during the quarter, compared to analysts' expectations of $5.17 billion. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.Cognizant Technology Solutions's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

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

About Cognizant Technology Solutions

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.