Cognizant Technology Solutions Corporation $CTSH Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 3.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 231,042 shares of the information technology service provider's stock after acquiring an additional 6,987 shares during the period. Asset Management One Co. Ltd.'s holdings in Cognizant Technology Solutions were worth $18,028,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hilltop National Bank acquired a new stake in shares of Cognizant Technology Solutions in the 2nd quarter worth about $27,000. Geneos Wealth Management Inc. increased its holdings in shares of Cognizant Technology Solutions by 118.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider's stock worth $44,000 after acquiring an additional 309 shares during the period. WPG Advisers LLC acquired a new stake in shares of Cognizant Technology Solutions in the 1st quarter worth about $61,000. Zions Bancorporation National Association UT acquired a new stake in shares of Cognizant Technology Solutions in the 1st quarter worth about $66,000. Finally, Golden State Wealth Management LLC increased its holdings in shares of 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 worth $69,000 after acquiring an additional 669 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.

Analyst Upgrades and Downgrades

CTSH has been the subject of a number of recent analyst reports. Citigroup initiated coverage on shares of Cognizant Technology Solutions in a research report on Thursday. They issued a "neutral" rating and a $75.00 target price for the company. Evercore ISI initiated coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued an "outperform" rating and a $100.00 target price for the company. Wells Fargo & Company initiated coverage on shares of Cognizant Technology Solutions in a research report on Tuesday. They issued an "overweight" rating and a $82.00 target price for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of 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. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Cognizant Technology Solutions in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $85.44.

Cognizant Technology Solutions Stock Performance

NASDAQ:CTSH opened at $67.86 on Friday. Cognizant Technology Solutions Corporation has a twelve month low of $65.15 and a twelve month high of $90.82. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $69.07 and a 200-day moving average of $73.68. The firm has a market cap of $33.14 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 1.41 and a beta of 0.95.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $5.17 billion. During the same quarter last year, the firm posted $1.17 EPS. The business'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 forecast that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The firm 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 1.8%. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.