Livforsakringsbolaget Skandia Omsesidigt Sells 15,540 Shares of Cognizant Technology Solutions Corporation $CTSH

Key Points

• Livforsakringsbolaget Skandia Omsesidigt has decreased its stake in Cognizant Technology Solutions by 19.3%, selling 15,540 shares and now holding 64,950 shares valued at approximately $5.07 million.
• Cognizant recently reported earnings per share of $1.31 for the last quarter, exceeding analysts' expectations, with revenues reaching $5.25 billion and an increase of 8.1% year-over-year.
• The company's board declared a quarterly dividend of $0.31 per share, marking an annualized yield of 1.8%, with a payout ratio of 25.20%.

Livforsakringsbolaget Skandia Omsesidigt reduced its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 19.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,950 shares of the information technology service provider's stock after selling 15,540 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Cognizant Technology Solutions were worth $5,068,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Square Financial Group LLC bought a new stake in shares of Cognizant Technology Solutions during the fourth quarter worth about $36,000. Geneos Wealth Management Inc. boosted its holdings in Cognizant Technology Solutions by 118.8% in the first quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider's stock valued at $44,000 after acquiring an additional 309 shares during the last quarter. Pinney & Scofield Inc. bought a new stake in Cognizant Technology Solutions in the fourth quarter valued at approximately $55,000. WPG Advisers LLC bought a new stake in Cognizant Technology Solutions in the first quarter valued at approximately $61,000. Finally, Zions Bancorporation National Association UT bought a new stake in Cognizant Technology Solutions in the first quarter valued at approximately $66,000. 92.44% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Price Performance

Shares of CTSH opened at $68.59 on Tuesday. Cognizant Technology Solutions Corporation has a 52-week low of $65.52 and a 52-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. The business's 50 day moving average price is $72.59 and its two-hundred day moving average price is $75.70. The firm has a market cap of $33.50 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last issued its earnings results 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 company had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same period in the prior year, the firm earned $1.17 earnings per share. Cognizant Technology Solutions's revenue for the quarter 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 analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current 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 given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions's dividend payout ratio is presently 25.20%.

Analyst Upgrades and Downgrades

Several analysts recently commented on CTSH shares. JPMorgan Chase & Co. reduced their target price on Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft started coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a "hold" rating and a $80.00 target price on the stock. Evercore ISI initiated coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an "outperform" rating and a $100.00 target price on the stock. Guggenheim raised 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. 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 research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $86.79.

Cognizant Technology Solutions 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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