Leo Wealth LLC Makes New $912,000 Investment in Cognizant Technology Solutions Corporation $CTSH

Key Points

• Leo Wealth LLC made a new investment in Cognizant Technology Solutions, purchasing 11,685 shares valued at $912,000 in the second quarter.
• Cognizant reported better-than-expected quarterly earnings with an EPS of $1.31, surpassing analyst estimates by $0.05, and had a revenue of $5.25 billion.
• The company announced a quarterly dividend of $0.31 per share, reflecting an annualized dividend yield of 1.8% and a payout ratio of 25.20%.

Leo Wealth LLC purchased a new position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 11,685 shares of the information technology service provider's stock, valued at approximately $912,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Hilltop National Bank bought a new position in Cognizant Technology Solutions during the 2nd quarter worth approximately $27,000. Geneos Wealth Management Inc. raised its holdings 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 last quarter. WPG Advisers LLC bought a new stake in shares of Cognizant Technology Solutions in the 1st quarter valued at $61,000. Zions Bancorporation National Association UT bought a new stake in shares of Cognizant Technology Solutions in the 1st quarter valued at $66,000. Finally, Golden State Wealth Management LLC increased its stake 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 valued at $69,000 after acquiring an additional 669 shares in the last quarter. Institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Stock Performance

Shares of CTSH stock opened at $68.61 on Friday. The firm has a market capitalization of $33.51 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 1.42 and a beta of 0.95. The firm has a fifty day simple moving average of $69.70 and a two-hundred day simple moving average of $74.17. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 12 month low of $65.17 and a 12 month high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, beating 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 business had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.17 billion. During the same quarter in the previous year, the business posted $1.17 EPS. Cognizant Technology Solutions's quarterly 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. Analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders 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%.

Analyst Ratings Changes

CTSH has been the subject of several research analyst reports. Wall Street Zen lowered shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued a "hold" rating and a $80.00 price objective for the company. Guggenheim upgraded shares of Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price objective for the company in a research note on Friday, July 18th. Evercore ISI initiated coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued an "outperform" rating and a $100.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their price objective 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. Five research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, 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.

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