Corient Private Wealth LP Sells 192,373 Shares of Cognizant Technology Solutions Corporation $CTSH

Key Points

• Corient Private Wealth LP cut its Cognizant position by 75.7% in the second quarter, selling 192,373 shares and retaining 61,714 shares valued at approximately $2.39 million. Institutional investors collectively own 92.44% of the company.
• Analyst sentiment is mixed, with 10 Buy, 13 Hold, and one Sell rating; the consensus rating is Hold, with an average price target of $63.65.
• Cognizant reported quarterly EPS of $1.37, slightly below the $1.38 estimate, while revenue matched forecasts at $5.48 billion and rose 4.5% year over year. The company also pays a quarterly dividend of $0.33 per share, representing a 2.2% yield.

Corient Private Wealth LP trimmed its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 75.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,714 shares of the information technology service provider's stock after selling 192,373 shares during the quarter. Corient Private Wealth LP's holdings in Cognizant Technology Solutions were worth $2,390,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Root Financial Partners LLC lifted its holdings in Cognizant Technology Solutions by 26.8% during the 4th quarter. Root Financial Partners LLC now owns 780 shares of the information technology service provider's stock valued at $65,000 after purchasing an additional 165 shares during the last quarter. Parallel Advisors LLC lifted its position in Cognizant Technology Solutions by 2.2% during the fourth quarter. Parallel Advisors LLC now owns 8,610 shares of the information technology service provider's stock worth $715,000 after acquiring an additional 186 shares during the last quarter. New Mexico Educational Retirement Board boosted its holdings in shares of Cognizant Technology Solutions by 0.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 22,478 shares of the information technology service provider's stock worth $1,866,000 after acquiring an additional 200 shares during the period. Resources Management Corp CT ADV grew its position in shares of Cognizant Technology Solutions by 6.1% in the fourth quarter. Resources Management Corp CT ADV now owns 3,695 shares of the information technology service provider's stock valued at $307,000 after purchasing an additional 211 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its position in shares of Cognizant Technology Solutions by 34.5% in the first quarter. Capital Advisors Ltd. LLC now owns 959 shares of the information technology service provider's stock valued at $59,000 after purchasing an additional 246 shares during the last quarter. Institutional investors own 92.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CTSH. JPMorgan Chase & Co. lowered their price objective on Cognizant Technology Solutions from $74.00 to $55.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. Daiwa Securities Group decreased their price target on shares of Cognizant Technology Solutions from $65.00 to $42.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 24th. Robert W. Baird set a $68.00 price target on shares of Cognizant Technology Solutions in a research report on Thursday, July 30th. Guggenheim reiterated a "buy" rating and issued a $65.00 price objective (down from $80.00) on shares of Cognizant Technology Solutions in a research note on Monday, July 27th. Finally, Wedbush raised shares of Cognizant Technology Solutions from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $56.00 to $70.00 in a report on Monday, June 8th. Ten investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Cognizant Technology Solutions currently has a consensus rating of "Hold" and an average price target of $63.65.

Cognizant Technology Solutions Price Performance

Cognizant Technology Solutions stock opened at $58.68 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.18 and a current ratio of 2.18. Cognizant Technology Solutions Corporation has a 52 week low of $37.08 and a 52 week high of $87.03. The stock has a market capitalization of $26.43 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 1.11 and a beta of 0.83. The stock has a fifty day moving average of $56.98 and a 200-day moving average of $54.71.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.38 by ($0.01). The business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.48 billion. Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The business's revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.31 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. On average, sell-side analysts expect that Cognizant Technology Solutions Corporation will post 5.74 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were issued a dividend of $0.33 per share. The ex-dividend date was Tuesday, August 18th. This represents a $1.32 annualized dividend and a dividend yield of 2.2%. Cognizant Technology Solutions's dividend payout ratio is 28.39%.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation is a professional services and information technology company that helps organizations modernize their technology infrastructure, operations and customer experiences. The company provides consulting, systems integration, application development and maintenance, and business process services to clients across industries.

Its offerings include cloud enablement, software engineering, data and analytics, artificial intelligence, cybersecurity, automation and digital workplace solutions.

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