Cognizant Technology Solutions Corporation $CTSH Stock Holdings Lessened by Ballentine Partners LLC

Key Points

• Ballentine Partners LLC reduced its holdings in Cognizant Technology Solutions by 47% in the second quarter, now owning 6,877 shares valued at $537,000.
• Several institutional investors, including Goldman Sachs and Amundi, significantly increased their positions in Cognizant during the first quarter, with Goldman Sachs raising its stake by 117.5%.
• Cognizant recently announced a quarterly dividend of $0.31, reflecting an annualized dividend of $1.24 and a yield of 1.9%.

Ballentine Partners LLC lessened its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 47.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,877 shares of the information technology service provider's stock after selling 6,091 shares during the quarter. Ballentine Partners LLC's holdings in Cognizant Technology Solutions were worth $537,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTSH. Goldman Sachs Group Inc. raised its position in 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 in the last quarter. Amundi raised its position in Cognizant Technology Solutions by 61.6% during the first quarter. Amundi now owns 4,519,912 shares of the information technology service provider's stock valued at $331,584,000 after acquiring an additional 1,723,335 shares in the last quarter. Pacer Advisors Inc. raised its position in 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 in the last quarter. Invesco Ltd. raised its position in 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 in the last quarter. Finally, Nuveen LLC bought a new position in Cognizant Technology Solutions during the first quarter valued at approximately $90,194,000. Institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Trading Up 0.5%

Shares of Cognizant Technology Solutions stock opened at $66.98 on Friday. The company's fifty day simple moving average is $71.11 and its 200-day simple moving average is $74.86. The company has a market cap of $32.71 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 1.39 and a beta of 0.93. 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 Corporation has a 1 year low of $65.17 and a 1 year high of $90.82.

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

Cognizant Technology Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders 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 annualized dividend and a dividend yield of 1.9%. Cognizant Technology Solutions's dividend payout ratio (DPR) is presently 25.20%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Wall Street Zen downgraded Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They set a "hold" rating and a $80.00 price target on the stock. Evercore ISI assumed coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They set an "outperform" rating and a $100.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Finally, Guggenheim upgraded Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price target on the stock in a report on Friday, July 18th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $86.79.

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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