Point72 Europe London LLP Purchases 25,177 Shares of Cognizant Technology Solutions Corporation $CTSH

Key Points

• Point72 Europe London LLP increased its stake in Cognizant Technology Solutions by 65.4% during the first quarter, owning 63,700 shares valued at approximately $4.87 million.
• Recent analyst ratings show a mixed outlook for CTSH; while Evercore ISI and Guggenheim have positive ratings, Wall Street Zen downgraded it to a "hold."
• Cognizant recently reported $1.31 EPS for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.31 per share, resulting in a yield of 1.7%.

Point72 Europe London LLP increased its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 65.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,700 shares of the information technology service provider's stock after buying an additional 25,177 shares during the period. Point72 Europe London LLP's holdings in Cognizant Technology Solutions were worth $4,873,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CTSH. Park Square Financial Group LLC bought a new stake in shares of Cognizant Technology Solutions in the fourth quarter worth $36,000. CoreCap Advisors LLC increased 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. bought a new stake in shares of Cognizant Technology Solutions in the fourth quarter worth $55,000. WPG Advisers LLC bought a new stake in shares of Cognizant Technology Solutions in the first quarter worth $61,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Cognizant Technology Solutions in the first quarter worth $66,000. Institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Stock Performance

Shares of CTSH traded up $0.04 during mid-day trading on Wednesday, hitting $71.82. The company's stock had a trading volume of 3,186,547 shares, compared to its average volume of 3,699,046. Cognizant Technology Solutions Corporation has a one year low of $65.52 and a one year 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's 50-day moving average is $74.07 and its two-hundred day moving average is $76.75. The firm has a market capitalization of $35.08 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 1.50 and a beta of 0.93.

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, beating analysts' consensus estimates of $1.26 by $0.05. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The company had revenue of $5.25 billion during the quarter, compared to analysts' expectations of $5.17 billion. During the same period last year, the business earned $1.17 earnings per share. The business's revenue 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. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, August 18th. Cognizant Technology Solutions's dividend payout ratio (DPR) is presently 25.20%.

Analysts Set New Price Targets

A number of research firms have commented on CTSH. Evercore ISI began coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an "outperform" rating and a $100.00 price objective for the company. Guggenheim raised 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 report on Friday, July 18th. JPMorgan Chase & Co. decreased their price objective on shares of 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 downgraded shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a "hold" rating and a $80.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $86.07.

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.