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

Key Points

• Mitsubishi UFJ Asset Management increased its stake in Cognizant by 4.4% in Q4, buying 44,757 shares to hold 1,070,120 shares (about 0.22% ownership) valued at roughly $86.98 million.
• Cognizant beat Q1 estimates with $1.40 EPS vs. $1.33 expected and reported $5.41 billion in revenue (up 5.8% YoY), and set FY2026 EPS guidance of $5.63–$5.77 (analysts expect ~$5.70).
• The company declared a quarterly dividend of $0.33 per share (ex-dividend May 18, payable May 27), implying a $1.32 annual payout (~2.5% yield), while analysts' consensus remains a "Hold" with a $75.45 target price.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,070,120 shares of the information technology service provider's stock after purchasing an additional 44,757 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.22% of Cognizant Technology Solutions worth $86,979,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CTSH. Brighton Jones LLC purchased a new stake in shares of Cognizant Technology Solutions during the 4th quarter valued at approximately $214,000. Geneos Wealth Management Inc. raised 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 period. Acadian Asset Management LLC purchased a new stake in shares of Cognizant Technology Solutions during the 1st quarter valued at approximately $142,000. Cresset Asset Management LLC raised its position in shares of Cognizant Technology Solutions by 11.4% during the 2nd quarter. Cresset Asset Management LLC now owns 9,160 shares of the information technology service provider's stock valued at $715,000 after buying an additional 935 shares during the period. Finally, Jump Financial LLC raised its position in shares of Cognizant Technology Solutions by 231.4% during the 2nd quarter. Jump Financial LLC now owns 29,667 shares of the information technology service provider's stock valued at $2,315,000 after buying an additional 20,716 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Cognizant Technology Solutions Stock Up 1.2%

Cognizant Technology Solutions stock opened at $51.94 on Friday. Cognizant Technology Solutions Corporation has a twelve month low of $50.81 and a twelve month high of $87.03. The stock's fifty day simple moving average is $60.24 and its 200-day simple moving average is $71.35. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $24.84 billion, a P/E ratio of 11.29, a P/E/G ratio of 1.08 and a beta of 0.81.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.07. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same quarter in the prior year, the company earned $1.23 earnings per share. The company's revenue was up 5.8% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, equities analysts expect that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Monday, May 18th will be paid a dividend of $0.33 per share. The ex-dividend date is Monday, May 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.5%. Cognizant Technology Solutions's payout ratio is presently 28.70%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Robert W. Baird set a $72.00 target price on Cognizant Technology Solutions and gave the company a "neutral" rating in a research report on Friday, April 10th. Morgan Stanley cut their target price on Cognizant Technology Solutions from $70.00 to $63.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 30th. Weiss Ratings lowered Cognizant Technology Solutions from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, March 19th. Jefferies Financial Group cut their target price on Cognizant Technology Solutions from $80.00 to $65.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Wells Fargo & Company cut their target price on Cognizant Technology Solutions from $98.00 to $83.00 and set an "overweight" rating on the stock in a research report on Thursday, April 30th. Ten investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $75.45.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions NASDAQ: CTSH is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.

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