Czech National Bank Raises Stake in Cognizant Technology Solutions Corporation $CTSH

Key Points

• The Czech National Bank increased its holdings in Cognizant Technology Solutions Corporation by 6.1% in the second quarter, acquiring an additional 6,887 shares, bringing its total ownership to 120,492 shares valued at approximately $9.4 million.
• Institutional investors now own 92.44% of Cognizant Technology Solutions, reflecting strong support from hedge funds.
• Cognizant reported earnings of $1.31 per share in its latest quarterly results, surpassing the consensus estimate of $1.26, with revenues reaching $5.25 billion—an 8.1% year-over-year increase.

Czech National Bank lifted its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 6.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 120,492 shares of the information technology service provider's stock after purchasing an additional 6,887 shares during the period. Czech National Bank's holdings in Cognizant Technology Solutions were worth $9,402,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Connecticut Wealth Management LLC grew 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 during the period. Conning Inc. grew its stake in shares of Cognizant Technology Solutions by 4.4% in the first quarter. Conning Inc. now owns 3,547 shares of the information technology service provider's stock worth $271,000 after acquiring an additional 149 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Cognizant Technology Solutions by 1.7% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,733 shares of the information technology service provider's stock worth $668,000 after acquiring an additional 149 shares during the period. Private Trust Co. NA grew its stake in shares of Cognizant Technology Solutions by 8.6% in the first quarter. Private Trust Co. NA now owns 1,913 shares of the information technology service provider's stock worth $146,000 after acquiring an additional 151 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of Cognizant Technology Solutions by 4.0% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 3,969 shares of the information technology service provider's stock worth $304,000 after acquiring an additional 154 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Price Performance

CTSH traded down $3.32 during trading hours on Friday, hitting $66.94. The company's stock had a trading volume of 14,562,441 shares, compared to its average volume of 3,603,738. The business's 50-day moving average price is $71.86 and its 200-day moving average price is $75.35. Cognizant Technology Solutions Corporation has a 12 month low of $65.17 and a 12 month high of $90.82. The stock has a market cap of $32.69 billion, a price-to-earnings ratio of 13.61, a P/E/G 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 (NASDAQ:CTSH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.05. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The company had revenue of $5.25 billion for the quarter, compared to analysts' expectations of $5.17 billion. During the same quarter in the previous year, the business posted $1.17 earnings per share. Cognizant Technology Solutions's quarterly revenue was up 8.1% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were given a dividend of $0.31 per share. The ex-dividend date was Monday, August 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.9%. Cognizant Technology Solutions's payout ratio is 25.20%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a "hold" rating and a $80.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Guggenheim raised shares of Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price objective on the stock in a report on Friday, July 18th. Finally, Evercore ISI initiated coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an "outperform" rating and a $100.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average 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.