Hotchkis & Wiley Capital Management LLC Cuts Stake in Cognizant Technology Solutions Corporation $CTSH

Key Points

• Hotchkis & Wiley Capital Management LLC holds a stock position of $83.12 million in Cognizant Technology Solutions, after a 1.3% reduction in shares during the first quarter.
• Analysts have varied ratings for Cognizant, with TD Securities raising their target price to $79.00 while other firms like Barclays cut theirs to $90.00; the consensus rating remains a "hold" with an average target price of $86.31.
• Cognizant recently reported a quarterly EPS of $1.31, surpassing estimates and indicating an 8.1% year-over-year revenue growth, with guidance suggesting FY 2025 EPS to be between $5.080-$5.220.

Hotchkis & Wiley Capital Management LLC decreased its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 1.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,086,488 shares of the information technology service provider's stock after selling 13,922 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.22% of Cognizant Technology Solutions worth $83,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CTSH. Park Square Financial Group LLC bought a new stake in Cognizant Technology Solutions in the 4th quarter worth approximately $36,000. CoreCap Advisors LLC increased its stake in Cognizant Technology Solutions by 21.5% in the 4th quarter. CoreCap Advisors LLC now owns 711 shares of the information technology service provider's stock worth $55,000 after purchasing an additional 126 shares during the period. Pinney & Scofield Inc. purchased a new position in Cognizant Technology Solutions in the 4th quarter worth approximately $55,000. Optiver Holding B.V. purchased a new position in Cognizant Technology Solutions in the 4th quarter worth approximately $66,000. Finally, Zions Bancorporation National Association UT purchased a new position in Cognizant Technology Solutions in the 1st quarter worth approximately $66,000. Institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Stock Up 0.9%

Shares of NASDAQ CTSH traded up $0.63 during mid-day trading on Wednesday, hitting $72.31. 3,254,311 shares of the stock traded hands, compared to its average volume of 3,841,285. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.41. Cognizant Technology Solutions Corporation has a 52 week low of $65.52 and a 52 week high of $90.82. The company has a market cap of $35.32 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 1.50 and a beta of 0.90. The stock has a fifty day moving average price of $74.63 and a 200-day moving average price of $77.32.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its quarterly 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 return on equity of 16.77% and a net margin of 11.89%.The company had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same period in the previous year, the company posted $1.17 earnings per share. The firm's 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 anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were given a dividend of $0.31 per share. The ex-dividend date was Monday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. Cognizant Technology Solutions's payout ratio is currently 25.20%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CTSH shares. Susquehanna raised Cognizant Technology Solutions from a "neutral" rating to a "positive" rating and lifted their price target for the stock from $77.00 to $90.00 in a research note on Thursday, May 1st. JPMorgan Chase & Co. decreased their price target on 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. Guggenheim raised Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price target on the stock in a research note on Friday, July 18th. Evercore ISI initiated coverage on 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. Finally, Needham & Company LLC reissued a "hold" rating on shares of Cognizant Technology Solutions in a research note on Thursday, May 1st. Six research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $86.31.

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.