Ilmarinen Mutual Pension Insurance Co Purchases 60,000 Shares of Cognizant Technology Solutions Corporation $CTSH

Key Points

• Ilmarinen Mutual Pension Insurance Co increased its stake in Cognizant Technology Solutions by 129.9%, owning a total of 106,200 shares valued at approximately $8.12 million.
• Cognizant reported earnings of $1.31 per share, exceeding analyst expectations, and recorded a revenue of $5.25 billion for the quarter.
• The company declared a quarterly dividend of $0.31, representing an annualized dividend yield of 1.8% with a payout ratio of 25.20%.

Ilmarinen Mutual Pension Insurance Co grew its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 129.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,200 shares of the information technology service provider's stock after purchasing an additional 60,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Cognizant Technology Solutions were worth $8,124,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new position in shares of Cognizant Technology Solutions in the fourth quarter worth about $36,000. CoreCap Advisors LLC lifted its stake in shares of 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 valued at $55,000 after acquiring an additional 126 shares during the last quarter. Pinney & Scofield Inc. bought a new stake in shares of Cognizant Technology Solutions in the 4th quarter valued at about $55,000. WPG Advisers LLC bought a new stake in shares of Cognizant Technology Solutions in the 1st quarter valued at about $61,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Cognizant Technology Solutions in the 1st quarter valued at about $66,000. Institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Stock Down 0.6%

Shares of NASDAQ:CTSH opened at $70.78 on Wednesday. Cognizant Technology Solutions Corporation has a 52-week low of $65.52 and a 52-week high of $90.82. The firm has a market capitalization of $34.57 billion, a P/E ratio of 14.39, a P/E/G ratio of 1.48 and a beta of 0.93. The stock has a 50 day moving average price of $73.40 and a 200-day moving average price of $76.17. 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 (NASDAQ:CTSH - Get Free Report) last announced its earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.17 billion. During the same quarter in the prior year, the company earned $1.17 EPS. The business's revenue 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. As a group, equities research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were paid a $0.31 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. Cognizant Technology Solutions's dividend payout ratio is presently 25.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CTSH shares. JPMorgan Chase & Co. lowered their target price on 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. Deutsche Bank Aktiengesellschaft assumed coverage on 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. Guggenheim upgraded Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price target on the stock in a report on Friday, July 18th. Evercore ISI assumed coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They set an "outperform" rating and a $100.00 price target on the stock. Finally, Wall Street Zen downgraded Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Five investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $86.07.

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.

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