Generali Asset Management SPA SGR Has $3.45 Million Stock Position in Cognizant Technology Solutions Corporation $CTSH

Key Points

• Generali Asset Management SPA SGR has reduced its stake in Cognizant Technology Solutions by 9.0%, owning 44,212 shares valued at approximately $3.45 million as of the end of the most recent quarter.
• Cognizant reported a quarterly earnings per share (EPS) of $1.31, surpassing expectations and showing an 8.1% increase in revenue year-over-year, totaling $5.25 billion.
• The company declared a quarterly dividend of $0.31 per share, with a yield of 1.9% and a dividend payout ratio (DPR) of 25.20%.

Generali Asset Management SPA SGR lowered its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 9.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,212 shares of the information technology service provider's stock after selling 4,355 shares during the quarter. Generali Asset Management SPA SGR's holdings in Cognizant Technology Solutions were worth $3,450,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Hilltop National Bank acquired a new position in Cognizant Technology Solutions during the 2nd quarter worth approximately $27,000. Geneos Wealth Management Inc. boosted its position in Cognizant Technology Solutions by 118.8% during 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 acquired a new position in Cognizant Technology Solutions during the 1st quarter worth approximately $61,000. Zions Bancorporation National Association UT acquired a new position in Cognizant Technology Solutions during the 1st quarter worth approximately $66,000. Finally, Golden State Wealth Management LLC boosted its position in Cognizant Technology Solutions by 290.9% during the 1st 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 during the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Cognizant Technology Solutions Trading Down 1.9%

Shares of Cognizant Technology Solutions stock opened at $65.47 on Friday. The business has a fifty day simple moving average of $69.30 and a two-hundred day simple moving average of $73.79. Cognizant Technology Solutions Corporation has a 1 year low of $65.15 and a 1 year high of $90.82. The company has a market capitalization of $31.98 billion, a price-to-earnings ratio of 13.31, a P/E/G ratio of 1.39 and a beta of 0.95. 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 announced its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.05. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The business 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 posted $1.17 EPS. 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. Research analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders 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 yield of 1.9%. Cognizant Technology Solutions's dividend payout ratio (DPR) is currently 25.20%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CTSH. Evercore ISI assumed coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They set an "outperform" rating and a $100.00 price target for the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Cognizant Technology Solutions in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft began 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. JPMorgan Chase & Co. dropped their price target 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. 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 investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Cognizant Technology Solutions has an average rating of "Hold" and a consensus price target of $86.79.

Cognizant Technology Solutions Company 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.