Cognizant Technology Solutions Corporation $CTSH Shares Bought by Summit Global Investments

Key Points

• Summit Global Investments boosted its stake in Cognizant by 245.1% in Q2, now owning 35,588 shares valued at about $2.78 million, and institutional investors hold roughly 92.44% of the stock.
• Cognizant beat quarterly expectations with EPS $1.39 vs. $1.30 and revenue of $5.42B vs. $5.32B, set FY‑2025 EPS guidance of 5.220–5.260, and carries a consensus analyst rating of Hold with an average price target of $85.19.
• CAO John Sunshin Kim sold 2,500 shares at about $75.18, reducing his holding by 6.39% to 36,630 shares, and the company declared a quarterly dividend of $0.31 (annualized $1.24, ~1.6% yield).

Summit Global Investments lifted its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 245.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,588 shares of the information technology service provider's stock after acquiring an additional 25,276 shares during the period. Summit Global Investments' holdings in Cognizant Technology Solutions were worth $2,777,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hilltop National Bank purchased a new stake in shares of Cognizant Technology Solutions in the 2nd quarter valued at approximately $27,000. NewSquare Capital LLC lifted its holdings in Cognizant Technology Solutions by 71.8% in the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider's stock valued at $29,000 after acquiring an additional 153 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Cognizant Technology Solutions by 118.8% in the first quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider's stock worth $44,000 after acquiring an additional 309 shares during the period. WPG Advisers LLC acquired a new stake in Cognizant Technology Solutions during the first quarter worth $61,000. Finally, Zions Bancorporation National Association UT purchased a new stake in Cognizant Technology Solutions in the first quarter valued at $66,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO John Sunshin Kim sold 2,500 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $75.18, for a total value of $187,950.00. Following the transaction, the chief accounting officer owned 36,630 shares of the company's stock, valued at $2,753,843.40. This represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

CTSH has been the subject of a number of research analyst reports. The Goldman Sachs Group reiterated a "neutral" rating and set a $84.00 price target on shares of Cognizant Technology Solutions in a report on Wednesday, October 29th. UBS Group set a $78.00 price target on shares of Cognizant Technology Solutions and gave the company a "neutral" rating in a research note on Thursday, October 30th. Guggenheim reaffirmed a "buy" rating and set a $85.00 price objective (down previously from $90.00) on shares of Cognizant Technology Solutions in a research report on Tuesday, October 21st. Royal Bank Of Canada cut their target price on Cognizant Technology Solutions from $93.00 to $82.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 30th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Cognizant Technology Solutions in a research note on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $85.19.

Cognizant Technology Solutions Price Performance

Shares of CTSH opened at $75.98 on Monday. The company has a market cap of $36.67 billion, a P/E ratio of 17.63, a PEG ratio of 1.47 and a beta of 0.98. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.15 and a fifty-two week high of $90.82. The company has a quick ratio of 2.41, a current ratio of 2.36 and a debt-to-equity ratio of 0.04. The firm's 50 day moving average price is $69.54 and its 200 day moving average price is $73.69.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The information technology service provider reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.09. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the previous year, the company posted $1.25 earnings per share. The business's revenue for the quarter was up 7.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. On average, research analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Tuesday, November 18th will be paid a dividend of $0.31 per share. The ex-dividend date is Tuesday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.6%. Cognizant Technology Solutions's payout ratio is presently 28.77%.

About Cognizant Technology Solutions

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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