GC Wealth Management RIA LLC Buys New Shares in Cognizant Technology Solutions Corporation $CTSH

Key Points

• GC Wealth Management RIA LLC purchased a new stake in Cognizant Technology Solutions, acquiring 6,469 shares valued at approximately $505,000 during the second quarter.
• Analysts have mixed ratings for Cognizant Technology Solutions, with a consensus rating of "Hold" and an average price target of $86.79.
• Cognizant reported an EPS of $1.31 for the last quarter, exceeding estimates, and declared a quarterly dividend of $0.31, reflecting a yield of 1.8%.

GC Wealth Management RIA LLC bought a new stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,469 shares of the information technology service provider's stock, valued at approximately $505,000.

A number of other large investors have also added to or reduced their stakes in CTSH. Geneos Wealth Management Inc. grew its holdings in Cognizant Technology Solutions by 118.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider's stock worth $44,000 after acquiring an additional 309 shares during the last quarter. WPG Advisers LLC bought a new stake in shares of Cognizant Technology Solutions during the 1st quarter valued at about $61,000. Zions Bancorporation National Association UT bought a new stake in Cognizant Technology Solutions during the first quarter worth about $66,000. Golden State Wealth Management LLC boosted its stake in Cognizant Technology Solutions by 290.9% during the first quarter. Golden State Wealth Management LLC now owns 899 shares of the information technology service provider's stock worth $69,000 after acquiring an additional 669 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Cognizant Technology Solutions during the first quarter worth about $75,000. Institutional investors own 92.44% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Evercore ISI started coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an "outperform" rating and a $100.00 target price for the company. JPMorgan Chase & Co. reduced their target price on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They set a "hold" rating and a $80.00 target price for the company. Guggenheim upgraded shares of Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price target for the company in a research report on Friday, July 18th. Finally, 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. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $86.79.

Cognizant Technology Solutions Trading Down 0.0%

CTSH stock opened at $67.07 on Wednesday. The company has a market capitalization of $32.76 billion, a PE ratio of 13.63, a P/E/G ratio of 1.40 and a beta of 0.93. Cognizant Technology Solutions Corporation has a 12 month low of $65.17 and a 12 month high of $90.82. The firm's 50-day moving average is $70.74 and its 200 day moving average is $74.66. 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 posted its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.26 by $0.05. The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.17 billion. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The firm's revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm 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, research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

The business 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. This represents a $1.24 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 18th. 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.

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