Ethic Inc. Sells 7,333 Shares of Cognizant Technology Solutions Corporation $CTSH

Key Points

• Ethic Inc. has reduced its stake in Cognizant Technology Solutions Corporation by 10.2%, now holding 64,548 shares worth approximately $4.93 million.
• Analyst ratings have shifted, with Wall Street Zen lowering Cognizant's rating from "buy" to "hold," while the consensus rating remains a "hold" with an average price target of $86.56.
• Cognizant recently reported quarterly earnings of $1.31 EPS, exceeding expectations, with a year-over-year revenue increase of 8.1%.

Ethic Inc. decreased its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,548 shares of the information technology service provider's stock after selling 7,333 shares during the period. Ethic Inc.'s holdings in Cognizant Technology Solutions were worth $4,935,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. CoreCap Advisors LLC boosted its position in shares of Cognizant Technology Solutions by 21.5% in the fourth quarter. CoreCap Advisors LLC now owns 711 shares of the information technology service provider's stock worth $55,000 after buying an additional 126 shares during the period. Connecticut Wealth Management LLC lifted its stake in shares of Cognizant Technology Solutions by 0.8% in the fourth quarter. Connecticut Wealth Management LLC now owns 17,650 shares of the information technology service provider's stock worth $1,357,000 after acquiring an additional 138 shares in the last quarter. Conning Inc. raised its stake in Cognizant Technology Solutions by 4.4% during the first quarter. Conning Inc. now owns 3,547 shares of the information technology service provider's stock valued at $271,000 after buying an additional 149 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Cognizant Technology Solutions by 1.7% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,733 shares of the information technology service provider's stock valued at $668,000 after purchasing an additional 149 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of Cognizant Technology Solutions by 8.6% during the first quarter. Private Trust Co. NA now owns 1,913 shares of the information technology service provider's stock valued at $146,000 after purchasing an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Stock Performance

CTSH stock traded down $0.37 during trading on Wednesday, reaching $70.49. 3,492,850 shares of the stock were exchanged, compared to its average volume of 3,853,912. The company has a market capitalization of $34.43 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 1.46 and a beta of 0.90. 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 twelve month low of $65.52 and a twelve month high of $90.82. The stock has a 50 day simple moving average of $75.47 and a 200-day simple moving average of $77.78.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $5.25 billion during the quarter, compared to analysts' expectations of $5.17 billion. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $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 anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.31 per share. The ex-dividend date is Monday, August 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. Cognizant Technology Solutions's dividend payout ratio (DPR) is currently 25.20%.

Analyst Upgrades and Downgrades

CTSH has been the subject of several recent research reports. Guggenheim raised Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 target price for the company in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft started coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued a "hold" rating and a $80.00 target price for the company. JPMorgan Chase & Co. reduced their price objective on Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating for the company in a research note on Wednesday. Wall Street Zen downgraded Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Susquehanna upgraded Cognizant Technology Solutions from a "neutral" rating to a "positive" rating and lifted their price target for the company from $77.00 to $90.00 in a report on Thursday, May 1st. Six research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $86.31.

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.