Cognizant Technology Solutions Corporation $CTSH Shares Sold by Victory Capital Management Inc.

Key Points

• Victory Capital Management trimmed its stake in Cognizant by 44.8%, selling 942,814 shares in Q3 and now holds 1,161,971 shares (about 0.24% of the company) valued at roughly $77.93 million.
• Cognizant beat Q results with $1.35 EPS vs. $1.32 expected and $5.33B revenue (up 4.9% YoY), and set FY2026 guidance of $5.560–$5.700 EPS.
• Dividend increased to $0.33 quarterly ($1.32 annualized, ~2.0% yield); insiders have sold shares recently (23,809 shares, ~$2.01M over 90 days) and institutional ownership stands at about 92.44%.

Victory Capital Management Inc. reduced its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 44.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,161,971 shares of the information technology service provider's stock after selling 942,814 shares during the period. Victory Capital Management Inc. owned approximately 0.24% of Cognizant Technology Solutions worth $77,933,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Cognizant Technology Solutions by 0.8% during the third quarter. Vanguard Group Inc. now owns 60,348,442 shares of the information technology service provider's stock worth $4,047,570,000 after purchasing an additional 493,912 shares in the last quarter. State Street Corp grew its stake in Cognizant Technology Solutions by 0.6% in the 2nd quarter. State Street Corp now owns 25,381,572 shares of the information technology service provider's stock valued at $1,980,524,000 after buying an additional 157,427 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Cognizant Technology Solutions by 1.5% during the 3rd quarter. Pzena Investment Management LLC now owns 17,710,868 shares of the information technology service provider's stock worth $1,187,868,000 after purchasing an additional 260,177 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Cognizant Technology Solutions by 1.5% in the second quarter. Geode Capital Management LLC now owns 14,019,891 shares of the information technology service provider's stock valued at $1,091,391,000 after acquiring an additional 206,532 shares during the period. Finally, Norges Bank acquired a new stake in Cognizant Technology Solutions in the 2nd quarter worth $487,526,000. Institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Trading Up 1.0%

Shares of Cognizant Technology Solutions stock opened at $65.78 on Friday. The firm's 50 day moving average is $76.56 and its 200 day moving average is $74.19. The firm has a market capitalization of $31.46 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.41 and a beta of 0.99. Cognizant Technology Solutions Corporation has a 1 year low of $60.03 and a 1 year high of $87.03. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.32 by $0.03. The business had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.31 billion. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The firm's revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $1.21 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. Equities research analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th were issued a dividend of $0.33 per share. This is an increase from Cognizant Technology Solutions's previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Wednesday, February 18th. Cognizant Technology Solutions's dividend payout ratio (DPR) is currently 29.01%.

Insider Transactions at Cognizant Technology Solutions

In related news, insider Surya Gummadi sold 1,728 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $83.06, for a total value of $143,527.68. Following the transaction, the insider directly owned 25,641 shares in the company, valued at $2,129,741.46. This trade represents a 6.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ravi Kumar Singisetti sold 2,950 shares of Cognizant Technology Solutions stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $85.06, for a total value of $250,927.00. Following the transaction, the chief executive officer directly owned 75,209 shares in the company, valued at approximately $6,397,277.54. The trade was a 3.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 23,809 shares of company stock valued at $2,010,778 in the last 90 days. 0.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CTSH has been the subject of a number of recent analyst reports. Argus upgraded shares of Cognizant Technology Solutions to a "hold" rating in a research report on Tuesday, February 10th. Royal Bank Of Canada boosted their target price on Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 5th. Citigroup reaffirmed a "neutral" rating and set a $86.00 price objective (up from $75.00) on shares of Cognizant Technology Solutions in a research note on Thursday, January 22nd. Wells Fargo & Company reissued an "overweight" rating and set a $98.00 price objective (up from $87.00) on shares of Cognizant Technology Solutions in a research report on Wednesday, January 14th. Finally, TD Cowen reaffirmed a "hold" rating and issued a $85.00 target price (up from $84.00) on shares of Cognizant Technology Solutions in a research report on Thursday, February 5th. Ten investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $90.17.

Cognizant Technology Solutions Profile

Cognizant Technology Solutions NASDAQ: CTSH is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.

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