Cognizant Technology Solutions Corporation $CTSH Shares Acquired by Board of the Pension Protection Fund

Key Points

• The Board of the Pension Protection Fund increased its holdings in Cognizant Technology Solutions by 385.7%, acquiring 10,800 additional shares during the 2nd quarter.
• Cognizant reported quarterly earnings of $1.31 per share, exceeding analyst expectations and showing an 8.1% year-over-year revenue increase.
• The company’s latest dividend payout was $0.31 per share, translating to an annualized yield of 1.9%, with a payout ratio of 25.20%.

Board of the Pension Protection Fund grew its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 385.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,600 shares of the information technology service provider's stock after acquiring an additional 10,800 shares during the quarter. Board of the Pension Protection Fund's holdings in Cognizant Technology Solutions were worth $1,061,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Cognizant Technology Solutions by 6.8% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,287 shares of the information technology service provider's stock worth $13,600,000 after purchasing an additional 11,037 shares during the period. LBP AM SA acquired a new stake in shares of Cognizant Technology Solutions during the second quarter worth about $8,541,000. Ritholtz Wealth Management boosted its stake in shares of Cognizant Technology Solutions by 21.0% during the first quarter. Ritholtz Wealth Management now owns 10,531 shares of the information technology service provider's stock worth $806,000 after buying an additional 1,827 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Cognizant Technology Solutions by 1.4% during the first quarter. Envestnet Asset Management Inc. now owns 500,039 shares of the information technology service provider's stock worth $38,253,000 after buying an additional 7,105 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in Cognizant Technology Solutions by 40.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 28,047 shares of the information technology service provider's stock worth $2,146,000 after acquiring an additional 8,116 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Cognizant Technology Solutions Price Performance

CTSH stock opened at $65.80 on Friday. The firm has a 50 day moving average of $69.60 and a 200-day moving average of $74.06. The company has a market cap of $32.14 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 1.37 and a beta of 0.95. Cognizant Technology Solutions Corporation has a 12-month low of $65.17 and a 12-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.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share (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 was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 earnings per share. 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 expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders 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 dividend on an annualized basis and a yield of 1.9%. Cognizant Technology Solutions's payout ratio is presently 25.20%.

Analysts Set New Price Targets

A number of analysts have weighed in on CTSH shares. Evercore ISI initiated coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They set an "outperform" rating and a $100.00 price objective for the company. 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 report on Wednesday, August 20th. Wall Street Zen cut shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Guggenheim upgraded shares of Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price objective for the company in a research report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued a "hold" rating and a $80.00 price objective for the company. Five analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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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