Modern Wealth Management LLC Makes New $345,000 Investment in Cognizant Technology Solutions Corporation $CTSH

Key Points

• Modern Wealth Management LLC has made a new investment of approximately $345,000 in Cognizant Technology Solutions, acquiring 4,512 shares during the first quarter.
• Analysts have mixed ratings on Cognizant Technology Solutions, with a consensus rating of "Hold" and an average price target of $86.79.
• Cognizant recently announced a quarterly dividend of $0.31 per share, resulting in an annualized dividend yield of 1.8%.

Modern Wealth Management LLC acquired a new position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,512 shares of the information technology service provider's stock, valued at approximately $345,000.

Several other institutional investors also recently bought and sold shares of CTSH. Park Square Financial Group LLC purchased a new position in Cognizant Technology Solutions during the 4th quarter worth $36,000. Geneos Wealth Management Inc. increased 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 period. Pinney & Scofield Inc. purchased a new position in Cognizant Technology Solutions during the 4th quarter worth $55,000. WPG Advisers LLC purchased a new position in Cognizant Technology Solutions during the 1st quarter worth $61,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Cognizant Technology Solutions in the 1st quarter valued at $66,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CTSH. Evercore ISI began coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an "outperform" rating and a $100.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a "hold" rating and a $80.00 price target on the stock. JPMorgan Chase & Co. cut their price target 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. 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 report on Friday, July 18th. Finally, Wall Street Zen downgraded Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $86.79.

Cognizant Technology Solutions Stock Performance

Shares of CTSH opened at $69.17 on Monday. The stock has a 50-day moving average of $72.83 and a two-hundred day moving average of $75.80. Cognizant Technology Solutions Corporation has a one year low of $65.52 and a one year 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 stock has a market cap of $33.78 billion, a P/E ratio of 14.06, a P/E/G ratio of 1.44 and a beta of 0.93.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 EPS 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 during the quarter, compared to analysts' expectations of $5.17 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. The firm's 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. As a group, research analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 18th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions's payout ratio is 25.20%.

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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