Cognizant Technology Solutions Corporation $CTSH Shares Sold by Louisbourg Investments Inc.

Key Points

• Louisbourg Investments reduced its Cognizant position by 37.5% in the third quarter, selling 51,431 shares and retaining 85,728 shares valued at approximately $4.9 million.
• Institutional investors and hedge funds own 92.44% of Cognizant’s outstanding stock, with several major firms—including Pzena, Amundi and Artemis—raising their positions.
• Cognizant reported quarterly revenue of $5.48 billion and EPS of $1.37, narrowly missing estimates, while maintaining a $0.33 quarterly dividend. Analysts have a consensus “Hold” rating and an average price target of $64.70.

Louisbourg Investments Inc. reduced its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 37.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,728 shares of the information technology service provider's stock after selling 51,431 shares during the period. Louisbourg Investments Inc.'s holdings in Cognizant Technology Solutions were worth $4,924,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CTSH. Pzena Investment Management LLC lifted its stake in shares of Cognizant Technology Solutions by 14.9% in the first quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider's stock valued at $1,243,096,000 after buying an additional 2,633,683 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of 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 buying an additional 222,819 shares during the last quarter. Amundi grew its holdings in shares of Cognizant Technology Solutions by 9.2% during the first quarter. Amundi now owns 6,177,881 shares of the information technology service provider's stock valued at $379,013,000 after buying an additional 520,532 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Cognizant Technology Solutions by 27.2% during the first quarter. Hsbc Holdings PLC now owns 3,471,681 shares of the information technology service provider's stock worth $213,004,000 after acquiring an additional 742,466 shares in the last quarter. Finally, Artemis Investment Management LLP increased its position in shares of Cognizant Technology Solutions by 289.6% during the third quarter. Artemis Investment Management LLP now owns 2,905,584 shares of the information technology service provider's stock worth $166,897,000 after acquiring an additional 2,159,704 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Cognizant Technology Solutions Price Performance

CTSH opened at $68.18 on Wednesday. The firm has a market cap of $30.71 billion, a P/E ratio of 12.12, a PEG ratio of 1.25 and a beta of 0.86. The firm has a 50-day moving average of $60.83 and a 200 day moving average of $54.50. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.18 and a current ratio of 2.18. Cognizant Technology Solutions Corporation has a fifty-two week low of $37.08 and a fifty-two week high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The information technology service provider reported $1.37 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.01). The company had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.48 billion. Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%. The business's revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.31 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. On average, research analysts expect that Cognizant Technology Solutions Corporation will post 5.74 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, August 18th. This represents a $1.32 annualized dividend and a dividend yield of 1.9%. Cognizant Technology Solutions's dividend payout ratio (DPR) is presently 28.39%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Mizuho set a $64.00 price target on shares of Cognizant Technology Solutions in a research report on Thursday, August 6th. Wedbush reissued an "outperform" rating and set a $70.00 price objective on shares of Cognizant Technology Solutions in a report on Friday, October 9th. Citigroup reissued a "neutral" rating on shares of Cognizant Technology Solutions in a research note on Monday. TD Cowen reissued a "hold" rating and issued a $60.00 price objective (up from $54.00) on shares of Cognizant Technology Solutions in a research note on Tuesday, October 13th. Finally, Wells Fargo & Company raised their target price on Cognizant Technology Solutions from $61.00 to $67.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Ten analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Cognizant Technology Solutions has an average rating of "Hold" and an average price target of $64.70.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation is a global information technology services and consulting company that helps organizations modernize their technology infrastructure, operations and customer experiences. The company serves businesses across industries including financial services, healthcare, life sciences, manufacturing, retail and communications.

Cognizant's services include consulting, application development and modernization, cloud computing, data and artificial intelligence, digital engineering, cybersecurity and business process services.

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