Fox Run Management L.L.C. Trims Stock Position in Cognizant Technology Solutions Corporation $CTSH

Key Points

• Fox Run Management L.L.C. decreased its holdings in Cognizant Technology Solutions by 37.9% during the first quarter, owning 17,886 shares valued at approximately $1.37 million by the end of the period.
• Thirteen analysts currently rate Cognizant stock as a hold, with a consensus price target of $86.56, while research firms have provided varying ratings, including "outperform" and "weight."
• Cognizant Technology Solutions announced a quarterly dividend of $0.31 per share, resulting in an annualized dividend yield of 1.8%, with a payout ratio of 25.20%.

Fox Run Management L.L.C. reduced its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 37.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,886 shares of the information technology service provider's stock after selling 10,893 shares during the quarter. Fox Run Management L.L.C.'s holdings in Cognizant Technology Solutions were worth $1,368,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CTSH. Park Square Financial Group LLC bought a new position in shares of Cognizant Technology Solutions during the fourth quarter valued at approximately $36,000. CoreCap Advisors LLC grew its stake in shares of Cognizant Technology Solutions by 21.5% during the fourth quarter. CoreCap Advisors LLC now owns 711 shares of the information technology service provider's stock valued at $55,000 after buying an additional 126 shares during the last quarter. Pinney & Scofield Inc. bought a new position in shares of Cognizant Technology Solutions during the fourth quarter valued at approximately $55,000. Optiver Holding B.V. bought a new position in shares of Cognizant Technology Solutions during the fourth quarter valued at approximately $66,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Cognizant Technology Solutions in the first quarter valued at approximately $66,000. 92.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays lowered their target price on Cognizant Technology Solutions from $103.00 to $90.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Robert W. Baird increased their target price on shares of Cognizant Technology Solutions from $78.00 to $82.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Evercore ISI assumed coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They set an "outperform" rating and a $100.00 target price on the stock. TD Securities increased their target price on shares of Cognizant Technology Solutions from $77.00 to $79.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Finally, 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 price target on the stock. Six investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, Cognizant Technology Solutions has an average rating of "Hold" and a consensus target price of $86.56.

Cognizant Technology Solutions Trading Up 0.9%

Cognizant Technology Solutions stock traded up $0.6080 during trading on Tuesday, hitting $70.7080. The company had a trading volume of 1,826,183 shares, compared to its average volume of 3,848,124. Cognizant Technology Solutions Corporation has a 1-year low of $65.52 and a 1-year high of $90.82. 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's 50 day simple moving average is $75.67 and its 200-day simple moving average is $77.83. The stock has a market cap of $34.53 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 1.46 and a beta of 0.90.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $5.17 billion. During the same quarter last year, the firm earned $1.17 EPS. The firm's revenue for the quarter 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. As a group, 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. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, August 18th. Cognizant Technology Solutions's payout ratio is 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.