Czech National Bank Boosts Stock Holdings 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 grew its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 6.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 120,492 shares of the information technology service provider's stock after acquiring an additional 6,887 shares during the period. Czech National Bank's holdings in Cognizant Technology Solutions were worth $9,402,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Park Square Financial Group LLC bought a new position in shares of Cognizant Technology Solutions during the 4th quarter valued at approximately $36,000. Geneos Wealth Management Inc. lifted 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 in the last quarter. Pinney & Scofield Inc. purchased a new stake in shares of Cognizant Technology Solutions during the 4th quarter valued at approximately $55,000. WPG Advisers LLC purchased a new stake in shares of Cognizant Technology Solutions during the 1st quarter valued at approximately $61,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Cognizant Technology Solutions during the 1st quarter valued at approximately $66,000. 92.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CTSH. Wall Street Zen cut shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Evercore ISI started coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued an "outperform" rating and a $100.00 target price on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued a "hold" rating and a $80.00 target price on the stock. Guggenheim upgraded shares of Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 target price on the stock in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. decreased their price target 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. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cognizant Technology Solutions presently has an average rating of "Hold" and an average target price of $86.79.

Cognizant Technology Solutions Stock Performance

NASDAQ CTSH traded up $0.23 during trading hours on Thursday, hitting $70.26. 3,750,411 shares of the company's stock traded hands, compared to its average volume of 3,526,091. The business's fifty day moving average price is $72.16 and its two-hundred day moving average price is $75.62. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $34.31 billion, a P/E ratio of 14.28, a P/E/G ratio of 1.46 and a beta of 0.93. Cognizant Technology Solutions Corporation has a 52 week low of $65.52 and a 52 week high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released 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. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The firm had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.17 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. The company's quarterly revenue was up 8.1% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. Equities research analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions's dividend payout ratio (DPR) is currently 25.20%.

Cognizant Technology Solutions 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.