Level Four Advisory Services LLC Raises Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Key Points

• Level Four Advisory Services LLC increased its stake in Cognizant Technology Solutions by 11.1%, owning 37,804 shares valued at approximately $2.89 million after acquiring an additional 3,781 shares.
• Cognizant reported an earnings per share (EPS) of $1.31 for the last quarter, surpassing analysts' expectations of $1.26, and showed an 8.1% year-over-year revenue growth, totaling $5.25 billion.
• The company announced a quarterly dividend of $0.31 per share, with an annualized dividend of $1.24, representing a yield of 1.8%, to be paid on August 26th.

Level Four Advisory Services LLC raised its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 11.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,804 shares of the information technology service provider's stock after purchasing an additional 3,781 shares during the quarter. Level Four Advisory Services LLC's holdings in Cognizant Technology Solutions were worth $2,892,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Park Square Financial Group LLC purchased a new position in shares of Cognizant Technology Solutions in the 4th quarter valued at approximately $36,000. CoreCap Advisors LLC grew 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 purchasing an additional 126 shares during the last quarter. Pinney & Scofield Inc. purchased a new position in shares of Cognizant Technology Solutions in the 4th quarter valued at approximately $55,000. Optiver Holding B.V. purchased a new position in shares of Cognizant Technology Solutions in the 4th quarter valued at approximately $66,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Cognizant Technology Solutions in the 1st quarter valued at approximately $66,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Price Performance

CTSH stock traded up $1.29 during midday trading on Friday, hitting $72.37. 3,582,609 shares of the stock were exchanged, compared to its average volume of 4,539,657. The stock's 50-day moving average price is $74.95 and its 200-day moving average price is $77.53. The stock has a market cap of $35.35 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 1.51 and a beta of 0.90. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.52 and a fifty-two week high of $90.82. 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 issued its quarterly earnings data 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. The firm had revenue of $5.25 billion during the quarter, compared to analysts' expectations of $5.17 billion. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.Cognizant Technology Solutions's revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. Research analysts predict that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 18th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.24 annualized dividend and a yield of 1.7%. Cognizant Technology Solutions's payout ratio is currently 25.20%.

Analyst Ratings Changes

CTSH has been the topic of several analyst reports. Wall Street Zen downgraded Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. 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 research note on Friday, July 18th. Susquehanna upgraded Cognizant Technology Solutions from a "neutral" rating to a "positive" rating and lifted their price target for the company from $77.00 to $90.00 in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft initiated coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued a "hold" rating and a $80.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price target on Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating on the stock in a research note on Wednesday. Six analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, Cognizant Technology Solutions has a consensus rating of "Hold" and an average price target of $86.31.

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.