J. Safra Sarasin Holding AG Grows Holdings in Cognizant Technology Solutions Corporation $CTSH

Key Points

• J. Safra Sarasin Holding AG increased its stake in Cognizant Technology Solutions by 150.7% in the second quarter, owning 43,681 shares valued at $3,408,000.
• Several institutional investors, including Robeco Institutional Asset Management B.V. and Truist Financial Corp, also raised their positions in Cognizant Technology Solutions during the same quarter.
• Analysts have set a consensus target price of $86.79 for Cognizant Technology Solutions, with ratings ranging from "buy" to "hold" from various firms.

J. Safra Sarasin Holding AG grew its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 150.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,681 shares of the information technology service provider's stock after buying an additional 26,258 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Cognizant Technology Solutions were worth $3,408,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CTSH. Robeco Institutional Asset Management B.V. raised its position in Cognizant Technology Solutions by 60.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 393,484 shares of the information technology service provider's stock valued at $30,704,000 after purchasing an additional 147,803 shares in the last quarter. LBP AM SA bought a new position in shares of Cognizant Technology Solutions during the 2nd quarter valued at about $8,541,000. Truist Financial Corp raised its holdings in shares of Cognizant Technology Solutions by 7.7% during the 2nd quarter. Truist Financial Corp now owns 62,720 shares of the information technology service provider's stock valued at $4,894,000 after buying an additional 4,492 shares in the last quarter. Greenleaf Trust lifted its position in Cognizant Technology Solutions by 3.4% in the 2nd quarter. Greenleaf Trust now owns 7,710 shares of the information technology service provider's stock worth $602,000 after buying an additional 255 shares during the last quarter. Finally, GC Wealth Management RIA LLC purchased a new stake in Cognizant Technology Solutions in the second quarter worth approximately $505,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Guggenheim raised shares of 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued a "hold" rating and a $80.00 target price on the stock. JPMorgan Chase & Co. cut 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 report on Wednesday, August 20th. Evercore ISI assumed coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an "outperform" rating and a $100.00 price objective on the stock. Finally, Wall Street Zen lowered Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $86.79.

Cognizant Technology Solutions Stock Up 0.7%

Shares of NASDAQ:CTSH opened at $67.00 on Friday. The stock's 50-day moving average is $70.34 and its 200 day moving average is $74.52. The company has a market cap of $32.72 billion, a PE ratio of 13.62, a P/E/G ratio of 1.39 and a beta of 0.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41. Cognizant Technology Solutions Corporation has a 1 year low of $65.17 and a 1 year high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $5.17 billion. During the same period last year, the company earned $1.17 EPS. The business's quarterly 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. Sell-side analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions's payout ratio is presently 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.

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