Lbp Am Sa Acquires Shares of 109,458 Cognizant Technology Solutions Corporation $CTSH

Key Points

• Lbp Am Sa acquired a stake of 109,458 shares in Cognizant Technology Solutions, valued at approximately $8.54 million, during the second quarter.
• Cognizant reported Q2 earnings of $1.31 per share, exceeding analysts' expectations, with quarterly revenue of $5.25 billion reflecting an 8.1% year-over-year increase.
• The company announced a quarterly dividend of $0.31 per share, resulting in an annual dividend yield of 1.9%, with a payout ratio of 25.20%.

Lbp Am Sa acquired a new stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 109,458 shares of the information technology service provider's stock, valued at approximately $8,541,000.

Other hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew 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 valued at $44,000 after purchasing an additional 309 shares in the last quarter. WPG Advisers LLC acquired a new position in shares of Cognizant Technology Solutions in the 1st quarter worth approximately $61,000. Zions Bancorporation National Association UT acquired a new position in shares of Cognizant Technology Solutions in the 1st quarter worth approximately $66,000. Golden State Wealth Management LLC grew its position in shares of Cognizant Technology Solutions by 290.9% in the 1st quarter. Golden State Wealth Management LLC now owns 899 shares of the information technology service provider's stock worth $69,000 after acquiring an additional 669 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new position in shares of Cognizant Technology Solutions in the 1st quarter worth approximately $75,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Cognizant Technology Solutions Stock Down 0.8%

Shares of Cognizant Technology Solutions stock opened at $66.53 on Thursday. The business's fifty day moving average price is $70.53 and its two-hundred day moving average price is $74.61. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41. The company has a market capitalization of $32.49 billion, a P/E ratio of 13.52, a PEG ratio of 1.40 and a beta of 0.95. 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 announced its earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.05. The firm had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.17 billion. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The firm's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 18th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions's payout ratio is currently 25.20%.

Analyst Ratings Changes

Several brokerages have recently commented on CTSH. Evercore ISI began coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued an "outperform" rating and a $100.00 target price for the company. Deutsche Bank Aktiengesellschaft began coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued a "hold" rating and a $80.00 target price for the company. Wall Street Zen lowered Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Guggenheim upgraded Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 target price for the company in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. reduced their price objective on 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. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cognizant Technology Solutions presently 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.

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