Integrated Wealth Concepts LLC Sells 4,021 Shares of Cognizant Technology Solutions Corporation $CTSH

Key Points

• Integrated Wealth Concepts LLC sold 4,021 shares of Cognizant Technology Solutions Corporation, reducing its stake by 8.1%, leaving it with 45,448 shares valued at approximately $3.48 million.
• Many institutional investors have increased their stakes, with Ritholtz Wealth Management raising its position by 21% and Golden State Wealth Management increasing its stake by 290.9% during the same quarter.
• Cognizant's stock has faced mixed analyst ratings, with a consensus rating of "Hold" and an average price target of $86.07, while its recent quarterly earnings exceeded expectations with a revenue of $5.25 billion.

Integrated Wealth Concepts LLC cut its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 8.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,448 shares of the information technology service provider's stock after selling 4,021 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Cognizant Technology Solutions were worth $3,477,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CTSH. Park Square Financial Group LLC purchased a new position in Cognizant Technology Solutions in the 4th quarter valued at about $36,000. CoreCap Advisors LLC lifted 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 in the last quarter. Pinney & Scofield Inc. purchased a new position in Cognizant Technology Solutions in the 4th quarter worth approximately $55,000. WPG Advisers LLC purchased a new position in Cognizant Technology Solutions in the 1st quarter worth approximately $61,000. Finally, Zions Bancorporation National Association UT purchased a new position in Cognizant Technology Solutions in the 1st quarter worth approximately $66,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on CTSH shares. Wall Street Zen lowered shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. dropped their price target 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. 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. Deutsche Bank Aktiengesellschaft began coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued a "hold" rating and a $80.00 price target for the company. Finally, Evercore ISI began coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an "outperform" rating and a $100.00 target price for the company. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $86.79.

Cognizant Technology Solutions Stock Performance

Cognizant Technology Solutions stock traded down $1.38 during midday trading on Friday, reaching $69.17. 4,099,216 shares of the stock traded hands, compared to its average volume of 3,347,821. 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 fifty day moving average price of $72.83 and a two-hundred day moving average price of $75.86. The firm has a market cap of $33.78 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 1.47 and a beta of 0.93. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.52 and a fifty-two week high of $90.82.

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 EPS 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 company 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 firm earned $1.17 EPS. Cognizant Technology Solutions'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. On average, equities research analysts forecast 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 given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions's payout ratio is currently 25.20%.

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.