Dimensional Fund Advisors LP Purchases 28,646 Shares of Cognizant Technology Solutions Corporation $CTSH

Key Points

• Dimensional Fund Advisors LP increased its ownership of Cognizant Technology Solutions by 0.5%, bringing its total shares to 6,029,067, valued at approximately $461 million.
• Cognizant's stock performance showed a 12-month range between $65.52 and $90.82, with a current price of $70.00.
• The company announced a quarterly dividend of $0.31 per share, representing an annualized yield of 1.8%.

Dimensional Fund Advisors LP boosted its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,029,067 shares of the information technology service provider's stock after purchasing an additional 28,646 shares during the period. Dimensional Fund Advisors LP owned about 1.22% of Cognizant Technology Solutions worth $461,169,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CTSH. Goldman Sachs Group Inc. boosted its position in Cognizant Technology Solutions by 117.5% in the first quarter. Goldman Sachs Group Inc. now owns 6,805,893 shares of the information technology service provider's stock worth $520,651,000 after purchasing an additional 3,677,145 shares during the last quarter. Pacer Advisors Inc. boosted its position in Cognizant Technology Solutions by 2,585.0% in the first quarter. Pacer Advisors Inc. now owns 1,776,601 shares of the information technology service provider's stock worth $135,910,000 after purchasing an additional 1,710,433 shares during the last quarter. AE Industrial Partners LP purchased a new position in Cognizant Technology Solutions in the fourth quarter worth $113,088,000. Invesco Ltd. boosted its position in Cognizant Technology Solutions by 13.3% in the first quarter. Invesco Ltd. now owns 12,077,445 shares of the information technology service provider's stock worth $923,925,000 after purchasing an additional 1,422,265 shares during the last quarter. Finally, Capital Research Global Investors boosted its position in Cognizant Technology Solutions by 98.9% in the fourth quarter. Capital Research Global Investors now owns 2,742,442 shares of the information technology service provider's stock worth $210,894,000 after purchasing an additional 1,363,570 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Price Performance

NASDAQ CTSH traded down $0.1310 during trading on Wednesday, reaching $70.7290. The company's stock had a trading volume of 2,097,266 shares, compared to its average volume of 3,844,428. The stock has a market capitalization of $34.54 billion, a PE ratio of 14.37, a P/E/G ratio of 1.46 and a beta of 0.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41. The firm has a fifty day moving average of $75.47 and a 200 day moving average of $77.78. Cognizant Technology Solutions Corporation has a one year low of $65.52 and a one year high of $90.82.

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

Cognizant Technology Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 18th will be given a dividend of $0.31 per share. The ex-dividend date is Monday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. Cognizant Technology Solutions's dividend payout ratio is 25.20%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CTSH shares. JPMorgan Chase & Co. dropped their price target on Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating on the stock in a research report on Wednesday. Robert W. Baird upped their price target on Cognizant Technology Solutions from $78.00 to $82.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Evercore ISI started coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They set an "outperform" rating and a $100.00 price target on the stock. Barclays dropped their price target on 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They set a "hold" rating and a $80.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $86.31.

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.