Cognizant Technology Solutions Corporation $CTSH Shares Purchased by CX Institutional

Key Points

• CX Institutional increased its Cognizant Technology Solutions stake by 19% in the third quarter, bringing its holdings to 161,341 shares valued at approximately $9.25 million. Institutional investors collectively own 92.44% of CTSH.
• CTSH shares fell 3.9% to $58.51, while the company reported quarterly revenue of $5.48 billion, up 4.5% year over year. Earnings per share came in at $1.37, slightly below the $1.38 consensus estimate.
• Cognizant declared a quarterly dividend of $0.33 per share, equivalent to a 2.3% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $64.43.

CX Institutional boosted its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 19.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 161,341 shares of the information technology service provider's stock after purchasing an additional 25,805 shares during the period. CX Institutional's holdings in Cognizant Technology Solutions were worth $9,245,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in CTSH. Pzena Investment Management LLC raised its position in shares of Cognizant Technology Solutions by 14.9% in the 1st quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider's stock worth $1,243,096,000 after buying an additional 2,633,683 shares during the period. Dimensional Fund Advisors LP grew its position in Cognizant Technology Solutions by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 6,404,918 shares of the information technology service provider's stock valued at $392,947,000 after acquiring an additional 222,819 shares during the period. Capital Research Global Investors increased its stake in Cognizant Technology Solutions by 2.2% during the fourth quarter. Capital Research Global Investors now owns 6,356,349 shares of the information technology service provider's stock worth $527,577,000 after acquiring an additional 139,437 shares during the last quarter. Amundi raised its holdings in shares of Cognizant Technology Solutions by 9.2% in the 1st quarter. Amundi now owns 6,177,881 shares of the information technology service provider's stock worth $379,013,000 after purchasing an additional 520,532 shares during the period. Finally, National Bank of Canada FI lifted its stake in shares of Cognizant Technology Solutions by 0.5% in the 4th quarter. National Bank of Canada FI now owns 5,771,093 shares of the information technology service provider's stock valued at $479,000,000 after purchasing an additional 30,811 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Stock Down 3.9%

Cognizant Technology Solutions stock traded down $2.37 during midday trading on Friday, hitting $58.51. 6,984,775 shares of the company were exchanged, compared to its average volume of 8,111,260. The company has a market cap of $26.36 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 1.07 and a beta of 0.86. Cognizant Technology Solutions Corporation has a fifty-two week low of $37.08 and a fifty-two week high of $87.03. The company's fifty day moving average price is $58.96 and its 200-day moving average price is $54.45. 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 (NASDAQ:CTSH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the business earned $1.31 EPS. The firm's revenue 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. On average, research analysts predict that Cognizant Technology Solutions Corporation will post 5.74 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 18th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.32 annualized dividend and a yield of 2.3%. Cognizant Technology Solutions's payout ratio is 28.39%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CTSH. Susquehanna set a $82.00 target price on shares of Cognizant Technology Solutions and gave the stock a "positive" rating in a research report on Thursday, July 30th. Citigroup reaffirmed a "neutral" rating and set a $60.00 price target (up from $45.00) on shares of Cognizant Technology Solutions in a research report on Thursday, July 30th. Mizuho set a $64.00 price objective on shares of Cognizant Technology Solutions in a research report on Thursday, August 6th. HSBC cut their target price on shares of Cognizant Technology Solutions from $80.00 to $68.00 and set a "buy" rating on the stock in a research note on Wednesday, July 1st. Finally, Robert W. Baird set a $68.00 price target on shares of Cognizant Technology Solutions in a research report on Thursday, July 30th. Ten analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $64.43.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation NASDAQ: CTSH is a global professional services and information technology company that helps businesses modernize their operations and technology infrastructure. Its services include IT consulting, systems integration, application development and modernization, cloud computing, data and analytics, artificial intelligence, cybersecurity, and digital engineering.

The company also provides business process services and industry-specific solutions for sectors such as financial services, healthcare, life sciences, manufacturing, retail, communications, and information technology.

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