Cognizant Technology Solutions Corporation $CTSH Shares Acquired by Polianta Ltd

Key Points

• Polianta Ltd increased its Cognizant stake by 82.4% in the second quarter, owning 44,700 shares valued at approximately $1.73 million. Institutional investors and hedge funds collectively hold 92.44% of CTSH shares.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $63 average price target. Recent targets range from $55 to $82.
• Cognizant reported quarterly revenue of $5.48 billion, up 4.5% year over year, but narrowly missed EPS estimates at $1.37. The company declared a $0.33 quarterly dividend and authorized a $2 billion share repurchase program covering up to 9% of outstanding shares.

Polianta Ltd increased its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 82.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,700 shares of the information technology service provider's stock after buying an additional 20,200 shares during the quarter. Polianta Ltd's holdings in Cognizant Technology Solutions were worth $1,731,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Cognizant Technology Solutions in the 4th quarter worth about $214,000. Geneos Wealth Management Inc. boosted its stake in 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 purchasing an additional 309 shares during the period. Acadian Asset Management LLC acquired a new position in Cognizant Technology Solutions during the 1st quarter valued at about $142,000. Cresset Asset Management LLC grew its position in Cognizant Technology Solutions by 11.4% in the 2nd quarter. Cresset Asset Management LLC now owns 9,160 shares of the information technology service provider's stock worth $715,000 after purchasing an additional 935 shares during the last quarter. Finally, Jump Financial LLC increased its stake in shares of Cognizant Technology Solutions by 231.4% in the second quarter. Jump Financial LLC now owns 29,667 shares of the information technology service provider's stock valued at $2,315,000 after purchasing an additional 20,716 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CTSH has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a $55.00 price target on Cognizant Technology Solutions in a report on Friday, July 24th. UBS Group lowered their target price on Cognizant Technology Solutions from $60.00 to $55.00 in a research report on Monday, May 11th. BMO Capital Markets cut their target price on Cognizant Technology Solutions from $83.00 to $63.00 in a research note on Thursday, April 30th. Susquehanna set a $82.00 price target on Cognizant Technology Solutions and gave the stock a "positive" rating in a research note on Thursday, July 30th. Finally, Berenberg Bank set a $59.00 price objective on shares of Cognizant Technology Solutions and gave the company a "hold" rating in a research note on Wednesday, June 17th. Ten investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Cognizant Technology Solutions currently has a consensus rating of "Hold" and a consensus target price of $63.00.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ:CTSH opened at $57.67 on Friday. The stock has a market cap of $25.98 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 1.16 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.18 and a quick ratio of 2.18. Cognizant Technology Solutions Corporation has a 12 month low of $37.08 and a 12 month high of $87.03. The stock's 50 day moving average price is $47.50 and its 200 day moving average price is $57.55.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the business posted $1.31 earnings per share. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. 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 5.71 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 Tuesday, August 25th. Investors of record on Tuesday, August 18th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, August 18th. Cognizant Technology Solutions's payout ratio is presently 28.39%.

Cognizant Technology Solutions declared that its board has authorized a stock buyback plan on Monday, May 18th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the information technology service provider to buy up to 9% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

About Cognizant Technology Solutions

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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