Generation Investment Management LLP Has $34.89 Million Position in Cognizant Technology Solutions Corporation $CTSH

Key Points

• Generation Investment Management LLP has reduced its stake in Cognizant Technology Solutions Corporation by 18.8%, selling 105,303 shares during the first quarter, leaving them with 456,040 shares valued at approximately $34.9 million.
• Analysts have varied perspectives on Cognizant's stock, with five analysts rating it as a Buy and eleven giving it a Hold, resulting in an average price target of $86.07.
• Cognizant recently announced a quarterly dividend of $0.31 per share, with an annual yield of 1.7%, and has set its FY 2025 EPS guidance between $5.080 and $5.220.

Generation Investment Management LLP decreased its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 18.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 456,040 shares of the information technology service provider's stock after selling 105,303 shares during the period. Generation Investment Management LLP owned approximately 0.09% of Cognizant Technology Solutions worth $34,887,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CTSH. Park Square Financial Group LLC purchased a new position in Cognizant Technology Solutions during the fourth quarter worth about $36,000. CoreCap Advisors LLC increased its holdings in Cognizant Technology Solutions by 21.5% in 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 in the last quarter. Pinney & Scofield Inc. acquired a new stake in shares of Cognizant Technology Solutions in the fourth quarter valued at approximately $55,000. WPG Advisers LLC acquired a new stake in shares of Cognizant Technology Solutions in the first quarter valued at approximately $61,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Cognizant Technology Solutions in the first quarter valued at approximately $66,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Wall Street Analysts Forecast Growth

CTSH has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a "hold" rating and a $80.00 price target on the stock. Guggenheim raised shares of Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 target price for the company in a research report on Friday, July 18th. Wall Street Zen lowered shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Evercore ISI began coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued an "outperform" rating and a $100.00 target price for the company. Finally, JPMorgan Chase & Co. cut 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 research note on Wednesday, August 20th. Five analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat.com, Cognizant Technology Solutions has an average rating of "Hold" and an average target price of $86.07.

Cognizant Technology Solutions Trading Up 0.5%

Shares of NASDAQ:CTSH traded up $0.37 during trading on Friday, hitting $71.82. 3,981,926 shares of the company's stock were exchanged, compared to its average volume of 3,438,767. Cognizant Technology Solutions Corporation has a 1-year low of $65.52 and a 1-year high of $90.82. The firm has a 50-day moving average price of $73.73 and a two-hundred day moving average price of $76.46. 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 firm has a market cap of $35.08 billion, a P/E ratio of 14.60, a PEG ratio of 1.49 and a beta of 0.93.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last issued its earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates 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 business 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 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. Equities analysts predict that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 18th were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. Cognizant Technology Solutions's dividend 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.