Cognizant Technology Solutions Corporation $CTSH Position Lowered by QRG Capital Management Inc.

Key Points

• QRG Capital Management cut its Cognizant Technology Solutions stake by 48.2% in the second quarter, selling 82,131 shares and retaining 88,383 shares valued at approximately $3.47 million.
• Analyst sentiment remains mixed, with 10 Buy, 13 Hold, and 1 Sell rating; the stock carries a consensus rating of Hold and an average price target of $63.65.
• Cognizant reported quarterly revenue of $5.48 billion, up 4.5% year over year, but earnings of $1.37 per share narrowly missed estimates. The company also pays a quarterly dividend of $0.33, implying a 2.3% annualized yield.

QRG Capital Management Inc. trimmed its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 48.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 88,383 shares of the information technology service provider's stock after selling 82,131 shares during the period. QRG Capital Management Inc.'s holdings in Cognizant Technology Solutions were worth $3,465,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Root Financial Partners LLC boosted its stake in shares of Cognizant Technology Solutions by 26.8% during the 4th quarter. Root Financial Partners LLC now owns 780 shares of the information technology service provider's stock worth $65,000 after purchasing an additional 165 shares during the period. Parallel Advisors LLC increased its position in Cognizant Technology Solutions by 2.2% during the 4th quarter. Parallel Advisors LLC now owns 8,610 shares of the information technology service provider's stock valued at $715,000 after purchasing an additional 186 shares during the period. New Mexico Educational Retirement Board boosted its stake in shares of Cognizant Technology Solutions by 0.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 22,478 shares of the information technology service provider's stock valued at $1,866,000 after purchasing an additional 200 shares in the last quarter. Resources Management Corp CT ADV increased its holdings in Cognizant Technology Solutions by 6.1% during the fourth quarter. Resources Management Corp CT ADV now owns 3,695 shares of the information technology service provider's stock valued at $307,000 after buying an additional 211 shares during the period. Finally, Capital Advisors Ltd. LLC increased its holdings in Cognizant Technology Solutions by 34.5% during the first quarter. Capital Advisors Ltd. LLC now owns 959 shares of the information technology service provider's stock valued at $59,000 after buying an additional 246 shares during the period. Hedge funds and other institutional investors own 92.44% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Citigroup restated a "neutral" rating and set a $60.00 target price (up from $45.00) on shares of Cognizant Technology Solutions in a report on Thursday, July 30th. Weiss Ratings reissued a "hold (c-)" rating on shares of Cognizant Technology Solutions in a research report on Friday, August 7th. JPMorgan Chase & Co. decreased their price objective on Cognizant Technology Solutions from $74.00 to $55.00 and set an "overweight" rating for the company in a research note on Friday, July 24th. Wedbush raised Cognizant Technology Solutions from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $56.00 to $70.00 in a research report on Monday, June 8th. Finally, Daiwa Securities Group cut their target price on Cognizant Technology Solutions from $65.00 to $42.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 24th. Ten research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Cognizant Technology Solutions presently has an average rating of "Hold" and a consensus price target of $63.65.

Cognizant Technology Solutions Stock Performance

CTSH opened at $57.33 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.18 and a quick ratio of 2.18. The firm has a fifty day moving average price of $57.81 and a 200 day moving average price of $54.62. Cognizant Technology Solutions Corporation has a 1 year low of $37.08 and a 1 year high of $87.03. The stock has a market cap of $25.82 billion, a P/E ratio of 12.33, a P/E/G ratio of 1.07 and a beta of 0.83.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The information technology service provider reported $1.37 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.01). Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The business had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period in the previous year, the business posted $1.31 earnings per share. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. Equities research analysts anticipate that Cognizant Technology Solutions Corporation will post 5.74 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were given a $0.33 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $1.32 annualized dividend and a dividend yield of 2.3%. Cognizant Technology Solutions's dividend payout ratio (DPR) is 28.39%.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation is a professional services and information technology company that helps organizations modernize their technology infrastructure, operations and customer experiences. The company provides consulting, systems integration, application development and maintenance, and business process services to clients across industries.

Its offerings include cloud enablement, software engineering, data and analytics, artificial intelligence, cybersecurity, automation and digital workplace solutions.

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