Horizon Investments LLC Has $3 Million Holdings in Cognizant Technology Solutions Corporation $CTSH

Key Points

• Horizon Investments LLC increased its stake in Cognizant Technology Solutions by 14.2%, owning 39,272 shares valued at approximately $3 million by the end of the last reporting period.
• Multiple institutional investors adjusted their positions in Cognizant, leading to a high overall ownership, with institutional investors holding 92.44% of the company's stock.
• Cognizant reported $1.31 earnings per share, surpassing market expectations of $1.26, alongside a quarterly revenue of $5.25 billion, reflecting an 8.1% year-over-year increase.

Horizon Investments LLC increased its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 14.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,272 shares of the information technology service provider's stock after buying an additional 4,879 shares during the period. Horizon Investments LLC's holdings in Cognizant Technology Solutions were worth $3,004,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Kovitz Investment Group Partners LLC lifted its position in Cognizant Technology Solutions by 361.1% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 33,901 shares of the information technology service provider's stock worth $2,593,000 after buying an additional 26,549 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Cognizant Technology Solutions by 14.1% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 194,420 shares of the information technology service provider's stock worth $14,873,000 after buying an additional 24,000 shares in the last quarter. E Fund Management Co. Ltd. lifted its position in Cognizant Technology Solutions by 45.2% during the 1st quarter. E Fund Management Co. Ltd. now owns 23,073 shares of the information technology service provider's stock worth $1,765,000 after buying an additional 7,181 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in Cognizant Technology Solutions by 11.2% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,915 shares of the information technology service provider's stock worth $1,064,000 after buying an additional 1,405 shares in the last quarter. Finally, National Pension Service lifted its position in Cognizant Technology Solutions by 3.6% during the 1st quarter. National Pension Service now owns 891,549 shares of the information technology service provider's stock worth $68,203,000 after buying an additional 31,391 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CTSH. Robert W. Baird upped their target price on shares of Cognizant Technology Solutions from $78.00 to $82.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Barclays cut their target price on shares of Cognizant Technology Solutions from $103.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Susquehanna upgraded shares of Cognizant Technology Solutions from a "neutral" rating to a "positive" rating and upped their target price for the company from $77.00 to $90.00 in a research report on Thursday, May 1st. Evercore ISI began coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They set an "outperform" rating and a $100.00 target price on the stock. Finally, Wall Street Zen downgraded shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Six research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $86.56.

Cognizant Technology Solutions Stock Up 1.1%

NASDAQ CTSH traded up $0.76 during trading hours on Tuesday, reaching $70.86. 3,038,952 shares of the company's stock were exchanged, compared to its average volume of 3,856,212. The company's 50-day moving average is $75.67 and its two-hundred day moving average is $77.83. Cognizant Technology Solutions Corporation has a one year low of $65.52 and a one year high of $90.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.41. The company has a market capitalization of $34.61 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 1.46 and a beta of 0.90.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.05. The business had revenue of $5.25 billion during the quarter, compared to analysts' expectations of $5.17 billion. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.Cognizant Technology Solutions's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.17 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. On average, analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 18th. Cognizant Technology Solutions's dividend payout ratio (DPR) is currently 25.20%.

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.