Cognizant Technology Solutions Corporation $CTSH Shares Sold by Dodge & Cox

Key Points

• Dodge & Cox has reduced its stake in Cognizant Technology Solutions by 0.3%, owning approximately 18.27 million shares worth $1.4 billion, after selling 60,050 shares in the first quarter.
• Goldman Sachs significantly increased its holdings by 117.5%, acquiring over 3.6 million additional shares, while Pacer Advisors saw a remarkable 2,585% increase in its stake during the same period.
• The company reported a quarterly EPS of $1.31, surpassing expectations, with a revenue of $5.25 billion, and announced a quarterly dividend of $0.31 per share, yielding 1.7% for investors.

Dodge & Cox cut its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 0.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,270,347 shares of the information technology service provider's stock after selling 60,050 shares during the quarter. Dodge & Cox owned about 3.69% of Cognizant Technology Solutions worth $1,397,682,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Park Square Financial Group LLC purchased a new stake in shares of Cognizant Technology Solutions during the fourth quarter valued at $36,000. CoreCap Advisors LLC lifted its position in Cognizant Technology Solutions by 21.5% during the fourth quarter. CoreCap Advisors LLC now owns 711 shares of the information technology service provider's stock valued at $55,000 after purchasing an additional 126 shares during the period. Pinney & Scofield Inc. acquired a new position in Cognizant Technology Solutions during the fourth quarter valued at $55,000. Optiver Holding B.V. acquired a new position in Cognizant Technology Solutions during the fourth quarter valued at $66,000. Finally, Zions Bancorporation National Association UT acquired a new position in Cognizant Technology Solutions during the first quarter valued at $66,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Trading Down 0.6%

CTSH traded down $0.46 during mid-day trading on Thursday, hitting $71.86. 1,335,905 shares of the stock were exchanged, compared to its average volume of 3,825,625. Cognizant Technology Solutions Corporation has a 1-year low of $65.52 and a 1-year high of $90.82. The firm's fifty day moving average is $74.49 and its two-hundred day moving average is $77.29. The company has a market cap of $35.09 billion, a PE ratio of 14.61, a PEG ratio of 1.49 and a beta of 0.90. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last issued 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 company had revenue of $5.25 billion during the quarter, compared to analysts' expectations of $5.17 billion. During the same quarter last year, the company posted $1.17 EPS. The firm's revenue 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. Equities analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were paid a $0.31 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.7%. Cognizant Technology Solutions's payout ratio is currently 25.20%.

Analyst Ratings Changes

CTSH has been the subject of a number of analyst reports. 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 research report on Wednesday, August 20th. Wall Street Zen downgraded shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Guggenheim upgraded 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 research report on Friday, July 18th. Susquehanna upgraded shares of Cognizant Technology Solutions from a "neutral" rating to a "positive" rating and upped their price objective for the stock from $77.00 to $90.00 in a research report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They set a "hold" rating and a $80.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, Cognizant Technology Solutions presently has an average rating of "Hold" and a consensus target price 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.