FORA Capital LLC Purchases 19,364 Shares of Cognizant Technology Solutions Corporation $CTSH

Key Points

• FORA Capital LLC significantly increased its position in Cognizant Technology Solutions by 204.3%, owning 28,843 shares valued at $2.21 million as of the recent SEC filing.
• Cognizant's latest earnings report revealed a $1.31 EPS, surpassing estimates, and the company has set a FY 2025 guidance of 5.080-5.220 EPS.
• The company also announced a quarterly dividend of $0.31, representing an annualized dividend yield of 1.7%.

FORA Capital LLC lifted its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 204.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,843 shares of the information technology service provider's stock after buying an additional 19,364 shares during the quarter. FORA Capital LLC's holdings in Cognizant Technology Solutions were worth $2,206,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CTSH. Brighton Jones LLC purchased a new stake in shares of Cognizant Technology Solutions during the 4th quarter valued at approximately $214,000. MGO One Seven LLC purchased a new stake in Cognizant Technology Solutions in the 4th quarter worth approximately $213,000. Capital Analysts LLC lifted its stake in Cognizant Technology Solutions by 20.7% in the 4th quarter. Capital Analysts LLC now owns 1,447 shares of the information technology service provider's stock worth $111,000 after purchasing an additional 248 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in Cognizant Technology Solutions by 5.3% in the 4th quarter. Coldstream Capital Management Inc. now owns 8,608 shares of the information technology service provider's stock worth $662,000 after purchasing an additional 436 shares in the last quarter. Finally, Optiver Holding B.V. purchased a new stake in Cognizant Technology Solutions in the 4th quarter worth approximately $66,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Evercore ISI assumed 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. 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. Deutsche Bank Aktiengesellschaft assumed 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. JPMorgan Chase & Co. lowered their target price on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Finally, 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. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Cognizant Technology Solutions has an average rating of "Hold" and a consensus target price of $86.07.

Cognizant Technology Solutions Price Performance

Shares of Cognizant Technology Solutions stock traded up $0.53 on Friday, hitting $72.25. 2,592,387 shares of the company traded hands, compared to its average volume of 4,104,493. The firm's 50-day simple moving average is $74.28 and its 200 day simple moving average is $77.00. 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 company has a market cap of $35.29 billion, a P/E ratio of 14.68, a P/E/G ratio of 1.50 and a beta of 0.90. Cognizant Technology Solutions Corporation has a 12-month low of $65.52 and a 12-month high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share 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 analysts' expectations of $5.17 billion. During the same quarter last year, the company posted $1.17 EPS. The business'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. 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. 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.