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 raised its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 333,970 shares of the information technology service provider's stock after buying an additional 8,067 shares during the quarter. E. Ohman J or Asset Management AB owned about 0.07% of Cognizant Technology Solutions worth $26,060,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CTSH. Goldman Sachs Group Inc. lifted its position in shares of 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 in the last quarter. Amundi lifted its position in shares of Cognizant Technology Solutions by 61.6% in the first quarter. Amundi now owns 4,519,912 shares of the information technology service provider's stock worth $331,584,000 after purchasing an additional 1,723,335 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of 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 in the last quarter. Invesco Ltd. lifted its position in shares of 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 in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Cognizant Technology Solutions in the first quarter worth $90,194,000. Institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Price Performance

NASDAQ:CTSH opened at $69.17 on Monday. Cognizant Technology Solutions Corporation has a one year low of $65.52 and a one year high of $90.82. The company has a market cap of $33.78 billion, a P/E ratio of 14.06, a P/E/G ratio of 1.44 and a beta of 0.93. The firm's fifty day moving average price is $72.83 and its two-hundred day moving average price is $75.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, beating 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 period in the previous year, the company earned $1.17 earnings per share. The company'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. Equities analysts expect that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm 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. The ex-dividend date was 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 Analysts Forecast Growth

CTSH has been the topic of a number of research reports. Wall Street Zen lowered shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. cut 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 research 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 research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of 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. Finally, Evercore ISI initiated coverage on shares of 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. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $86.79.

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.

Want to see what other hedge funds are holding CTSH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.