E. Ohman J or Asset Management AB Buys 8,067 Shares of Cognizant Technology Solutions Corporation $CTSH

Key Points

• E. Ohman J or Asset Management AB increased its stake in Cognizant Technology Solutions by 2.5% during the second quarter, owning about 333,970 shares worth approximately $26.06 million.
• Institutional investors collectively own 92.44% of Cognizant Technology Solutions shares, with notable increases from firms like Goldman Sachs and Pacer Advisors.
• Cognizant reported quarterly earnings with $1.31 EPS, exceeding expectations, and an annual revenue increase of 8.1% year-over-year, setting its FY 2025 EPS guidance at 5.080-5.220.

E. Ohman J or Asset Management AB grew its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 333,970 shares of the information technology service provider's stock after purchasing an additional 8,067 shares during the period. E. Ohman J or Asset Management AB owned about 0.07% of Cognizant Technology Solutions worth $26,060,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC purchased a new stake in shares of Cognizant Technology Solutions during the fourth quarter worth approximately $214,000. Quantinno Capital Management LP increased its stake in shares of Cognizant Technology Solutions by 11.9% during the fourth quarter. Quantinno Capital Management LP now owns 55,511 shares of the information technology service provider's stock worth $4,269,000 after buying an additional 5,913 shares during the period. Royal Bank of Canada increased its stake in shares of Cognizant Technology Solutions by 34.5% during the fourth quarter. Royal Bank of Canada now owns 789,045 shares of the information technology service provider's stock worth $60,676,000 after buying an additional 202,522 shares during the period. Toronto Dominion Bank boosted its holdings in Cognizant Technology Solutions by 46.8% in the fourth quarter. Toronto Dominion Bank now owns 280,064 shares of the information technology service provider's stock valued at $21,537,000 after purchasing an additional 89,342 shares in the last quarter. Finally, State of Wyoming boosted its holdings in Cognizant Technology Solutions by 248.0% in the fourth quarter. State of Wyoming now owns 5,861 shares of the information technology service provider's stock valued at $451,000 after purchasing an additional 4,177 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Price Performance

Shares of Cognizant Technology Solutions stock traded down $0.31 during trading on Friday, hitting $69.96. The stock had a trading volume of 1,186,141 shares, compared to its average volume of 3,822,850. 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 market cap of $34.17 billion, a P/E ratio of 14.23, a PEG ratio of 1.46 and a beta of 0.93. The business has a fifty day moving average of $72.03 and a two-hundred day moving average of $75.52. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.52 and a fifty-two week high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last issued its quarterly 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 firm had revenue of $5.25 billion for 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 was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $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, sell-side analysts expect that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

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 $0.31 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. Cognizant Technology Solutions's dividend payout ratio (DPR) is currently 25.20%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Guggenheim raised Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price target for the company in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft assumed coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a "hold" rating and a $80.00 price objective for the company. Evercore ISI initiated coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an "outperform" rating and a $100.00 price objective for the company. Wall Street Zen downgraded Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, JPMorgan Chase & Co. decreased their price target on Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.