ICICI Prudential Asset Management Co Ltd Sells 80,032 Shares of Cognizant Technology Solutions Corporation $CTSH

Key Points

• ICICI Prudential cut its stake in Cognizant by 10.5%, selling 80,032 shares and ending the quarter with 679,206 shares (worth ~$45.6M), making CTSH its third-largest position at about 4.8% of the fund.
• Company insiders have been net sellers: CEO Ravi Kumar Singisetti sold 3,125 shares and CAO John Sunshin Kim sold 2,500 shares on Dec. 4, and insiders sold 29,434 shares (~$2.46M) over the past three months.
• Cognizant reported a beat with $1.35 EPS and $5.33B revenue (up 4.9% YoY), issued FY‑2026 EPS guidance of $5.56–$5.70, and raised its quarterly dividend to $0.33 (annualized $1.32, ~2.0% yield; ex‑div Feb. 18).

ICICI Prudential Asset Management Co Ltd decreased its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 10.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 679,206 shares of the information technology service provider's stock after selling 80,032 shares during the period. Cognizant Technology Solutions accounts for about 4.8% of ICICI Prudential Asset Management Co Ltd's portfolio, making the stock its 3rd biggest position. ICICI Prudential Asset Management Co Ltd owned 0.14% of Cognizant Technology Solutions worth $45,554,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. NewSquare Capital LLC boosted its holdings in shares of Cognizant Technology Solutions by 71.8% during the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider's stock worth $29,000 after buying an additional 153 shares in the last quarter. High Note Wealth LLC boosted its stake in Cognizant Technology Solutions by 22,450.0% during the third quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider's stock worth $30,000 after acquiring an additional 449 shares in the last quarter. Winnow Wealth LLC acquired a new stake in Cognizant Technology Solutions in the third quarter worth $39,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Cognizant Technology Solutions by 267.7% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 603 shares of the information technology service provider's stock worth $40,000 after purchasing an additional 439 shares during the period. Finally, Root Financial Partners LLC bought a new stake in Cognizant Technology Solutions in the third quarter valued at $41,000. 92.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Ravi Kumar Singisetti sold 3,125 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $80.01, for a total transaction of $250,031.25. Following the completion of the sale, the chief executive officer directly owned 75,454 shares of the company's stock, valued at approximately $6,037,074.54. This trade represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO John Sunshin Kim sold 2,500 shares of the business's stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $80.00, for a total value of $200,000.00. Following the completion of the transaction, the chief accounting officer directly owned 36,149 shares in the company, valued at approximately $2,891,920. This represents a 6.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 29,434 shares of company stock valued at $2,460,809. Insiders own 0.32% of the company's stock.

Cognizant Technology Solutions Price Performance

CTSH opened at $64.99 on Friday. Cognizant Technology Solutions Corporation has a 1 year low of $63.83 and a 1 year high of $88.13. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.14 and a quick ratio of 2.14. The company has a market capitalization of $31.37 billion, a price-to-earnings ratio of 14.28, a P/E/G ratio of 1.45 and a beta of 0.95. The firm's fifty day moving average price is $80.73 and its two-hundred day moving average price is $74.61.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last announced its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 EPS for the quarter, beating the consensus estimate of $1.32 by $0.03. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter in the prior year, the company posted $1.21 earnings per share. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. As a group, analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, February 18th. This is a boost from Cognizant Technology Solutions's previous quarterly dividend of $0.31. Cognizant Technology Solutions's dividend payout ratio (DPR) is presently 29.01%.

Analyst Ratings Changes

CTSH has been the subject of several research reports. Berenberg Bank set a $107.00 target price on Cognizant Technology Solutions and gave the company a "buy" rating in a research note on Thursday, January 22nd. TD Cowen reiterated a "hold" rating and issued a $85.00 price target (up previously from $84.00) on shares of Cognizant Technology Solutions in a report on Thursday, February 5th. UBS Group reissued a "neutral" rating and issued a $82.00 price objective (up previously from $78.00) on shares of Cognizant Technology Solutions in a research note on Monday, December 8th. Mizuho set a $87.00 target price on Cognizant Technology Solutions in a research report on Monday, February 9th. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $98.00 target price (up from $87.00) on shares of Cognizant Technology Solutions in a report on Wednesday, January 14th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $90.17.

Cognizant Technology Solutions Profile

Cognizant Technology Solutions NASDAQ: CTSH is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.

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