Kovitz Investment Group Partners LLC Increases Holdings in Cognizant Technology Solutions Corporation $CTSH

Key Points

• Kovitz Investment Group Partners LLC increased its stake in Cognizant Technology Solutions by 361.1% in Q1, owning 33,901 shares valued at approximately $2.59 million.
• Analysts have mixed ratings on Cognizant Technology Solutions, with six ratings as Buy and twelve as Hold, and an average price target of $86.31.
• Cognizant recently announced a quarterly dividend of $0.31, representing an annual yield of 1.8%, with a payout ratio of 25.20%.

Kovitz Investment Group Partners LLC raised its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 361.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,901 shares of the information technology service provider's stock after acquiring an additional 26,549 shares during the period. Kovitz Investment Group Partners LLC's holdings in Cognizant Technology Solutions were worth $2,593,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CTSH. Park Square Financial Group LLC acquired a new stake in Cognizant Technology Solutions during the 4th quarter worth about $36,000. CoreCap Advisors LLC boosted its stake in shares of Cognizant Technology Solutions by 21.5% in the fourth quarter. CoreCap Advisors LLC now owns 711 shares of the information technology service provider's stock worth $55,000 after buying an additional 126 shares during the last quarter. Pinney & Scofield Inc. purchased a new stake in Cognizant Technology Solutions in the 4th quarter worth approximately $55,000. Optiver Holding B.V. acquired a new stake in shares of Cognizant Technology Solutions during the 4th quarter worth approximately $66,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Cognizant Technology Solutions during the 1st quarter valued at approximately $66,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Analyst Upgrades and Downgrades

CTSH has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They set a "hold" rating and a $80.00 price target on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Cognizant Technology Solutions in a research report on Thursday, May 1st. Evercore ISI started coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an "outperform" rating and a $100.00 price objective on the stock. Susquehanna raised Cognizant Technology Solutions from a "neutral" rating to a "positive" rating and upped their target price for the stock from $77.00 to $90.00 in a research note on Thursday, May 1st. Finally, Robert W. Baird lifted their price target on shares of Cognizant Technology Solutions from $78.00 to $82.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Six equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Cognizant Technology Solutions presently has a consensus rating of "Hold" and an average target price of $86.31.

Cognizant Technology Solutions Trading Up 1.7%

Shares of CTSH stock traded up $1.1930 on Friday, hitting $72.2730. 2,114,772 shares of the stock traded hands, compared to its average volume of 3,832,284. The firm's 50-day moving average price is $75.08 and its two-hundred day moving average price is $77.65. Cognizant Technology Solutions Corporation has a twelve month low of $65.52 and a twelve month high of $90.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.41. The stock has a market capitalization of $35.30 billion, a PE ratio of 14.68, a PEG ratio of 1.47 and a beta of 0.90.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 EPS 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 firm had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same quarter in the previous year, the company earned $1.17 EPS. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. As a group, analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 18th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, August 18th. Cognizant Technology Solutions's dividend payout ratio (DPR) is 25.20%.

Cognizant Technology Solutions Company 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.