Cognizant Technology Solutions Corporation $CTSH Stock Position Raised by Louisbourg Investments Inc.

Key Points

• Louisbourg Investments Inc. increased its stake in Cognizant Technology Solutions by 7.5% in Q2, now holding 80,236 shares valued at approximately $6.26 million.
• Cognizant reported a Q2 EPS of $1.31, exceeding estimates, with revenue of $5.25 billion reflecting an 8.1% year-over-year increase.
• The company declared a quarterly dividend of $0.31 per share, representing an annual yield of 1.9%.

Louisbourg Investments Inc. raised its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 7.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,236 shares of the information technology service provider's stock after buying an additional 5,600 shares during the period. Cognizant Technology Solutions comprises about 1.4% of Louisbourg Investments Inc.'s investment portfolio, making the stock its 27th biggest holding. Louisbourg Investments Inc.'s holdings in Cognizant Technology Solutions were worth $6,261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of CTSH. Hilltop National Bank acquired a new stake in shares of Cognizant Technology Solutions during the 2nd quarter valued at $27,000. Geneos Wealth Management Inc. boosted its stake in shares of Cognizant Technology Solutions by 118.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider's stock valued at $44,000 after buying an additional 309 shares during the period. WPG Advisers LLC acquired a new stake in shares of Cognizant Technology Solutions during the 1st quarter valued at $61,000. Zions Bancorporation National Association UT acquired a new stake in shares of Cognizant Technology Solutions during the 1st quarter valued at $66,000. Finally, Golden State Wealth Management LLC boosted its stake in shares of Cognizant Technology Solutions by 290.9% during the 1st quarter. Golden State Wealth Management LLC now owns 899 shares of the information technology service provider's stock valued at $69,000 after buying an additional 669 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.

Cognizant Technology Solutions Stock Performance

Shares of CTSH opened at $65.80 on Friday. The company has a market capitalization of $32.14 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 1.43 and a beta of 0.95. Cognizant Technology Solutions Corporation has a one year low of $65.17 and a one year high of $90.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41. The company's fifty day moving average price is $69.60 and its 200 day moving average price is $74.08.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last announced its earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.26 by $0.05. The firm 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%. The business's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. As a group, analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, August 18th. Cognizant Technology Solutions's dividend payout ratio (DPR) is currently 25.20%.

Analyst Ratings Changes

A number of brokerages have issued reports on CTSH. 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. Wall Street Zen lowered shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Guggenheim raised 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 note on Friday, July 18th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Cognizant Technology Solutions in a research note on Wednesday. Finally, JPMorgan Chase & Co. reduced 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 note on Wednesday, August 20th. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $86.79.

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.

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