IFM Investors Pty Ltd Boosts Holdings in Cognizant Technology Solutions Corporation $CTSH

Key Points

• IFM Investors Pty Ltd has increased its stake in Cognizant Technology Solutions by 5.5%, now owning 94,254 shares worth $7.36 million.
• Cognizant reported $1.31 earnings per share (EPS) for the last quarter, exceeding estimates, with revenue up 8.1% year-over-year.
• The company recently declared a quarterly dividend of $0.31 per share, reflecting an annual yield of 1.9% and a payout ratio of 25.20%.

IFM Investors Pty Ltd increased its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 5.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,254 shares of the information technology service provider's stock after purchasing an additional 4,885 shares during the period. IFM Investors Pty Ltd's holdings in Cognizant Technology Solutions were worth $7,355,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new stake in Cognizant Technology Solutions during the 4th quarter worth $36,000. Geneos Wealth Management Inc. boosted its stake 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 purchasing an additional 309 shares during the period. Pinney & Scofield Inc. acquired a new stake in Cognizant Technology Solutions during the 4th quarter worth $55,000. WPG Advisers LLC acquired a new stake in shares of Cognizant Technology Solutions in the 1st quarter worth $61,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Cognizant Technology Solutions in the 1st quarter worth $66,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH traded down $0.41 during midday trading on Tuesday, hitting $67.75. The company had a trading volume of 1,132,261 shares, compared to its average volume of 3,897,999. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a twelve month low of $65.17 and a twelve month high of $90.82. The business has a 50-day simple moving average of $71.72 and a two-hundred day simple moving average of $75.18. The firm has a market capitalization of $33.09 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 1.39 and a beta of 0.93.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $5.25 billion during the quarter, compared to analysts' expectations of $5.17 billion. During the same quarter last year, the business earned $1.17 earnings per share. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. Equities research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The firm also recently announced 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. This represents a $1.24 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, August 18th. Cognizant Technology Solutions's dividend payout ratio (DPR) is 25.20%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CTSH. Deutsche Bank Aktiengesellschaft began coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued a "hold" rating and a $80.00 target price for the company. Evercore ISI began coverage on shares of Cognizant Technology Solutions in a research note 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 research note on Wednesday, August 20th. Wall Street Zen cut shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Guggenheim upgraded 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 note on Friday, July 18th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $86.79.

About Cognizant Technology Solutions

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.