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 decreased its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 0.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 18,270,347 shares of the information technology service provider's stock after selling 60,050 shares during the period. Dodge & Cox owned about 3.69% of Cognizant Technology Solutions worth $1,397,682,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CTSH. Goldman Sachs Group Inc. boosted its stake in shares of Cognizant Technology Solutions by 117.5% during the first quarter. Goldman Sachs Group Inc. now owns 6,805,893 shares of the information technology service provider's stock valued at $520,651,000 after acquiring an additional 3,677,145 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Cognizant Technology Solutions by 2,585.0% during the first quarter. Pacer Advisors Inc. now owns 1,776,601 shares of the information technology service provider's stock valued at $135,910,000 after acquiring an additional 1,710,433 shares during the last quarter. AE Industrial Partners LP acquired a new stake in shares of Cognizant Technology Solutions during the fourth quarter valued at $113,088,000. Invesco Ltd. boosted its stake in shares of Cognizant Technology Solutions by 13.3% during the first quarter. Invesco Ltd. now owns 12,077,445 shares of the information technology service provider's stock valued at $923,925,000 after acquiring an additional 1,422,265 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Cognizant Technology Solutions during the first quarter valued at $90,194,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on CTSH shares. Susquehanna raised Cognizant Technology Solutions from a "neutral" rating to a "positive" rating and increased their price objective for the company from $77.00 to $90.00 in a research note on Thursday, May 1st. Robert W. Baird increased their target price on Cognizant Technology Solutions from $78.00 to $82.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They set a "hold" rating and a $80.00 target price on the stock. Wall Street Zen downgraded Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, TD Securities increased their target price on Cognizant Technology Solutions from $77.00 to $79.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Six research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, Cognizant Technology Solutions currently has an average rating of "Hold" and a consensus price target of $86.31.

Cognizant Technology Solutions Stock Performance

Cognizant Technology Solutions stock opened at $72.37 on Friday. The stock's 50-day moving average is $74.95 and its 200-day moving average is $77.57. The company has a market cap of $35.35 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 1.48 and a beta of 0.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41. Cognizant Technology Solutions Corporation has a 12 month low of $65.52 and a 12 month high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.05. The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.17 billion. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $1.17 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. Equities analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The business 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 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, August 18th. Cognizant Technology Solutions's dividend payout ratio (DPR) is presently 25.20%.

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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