National Pension Service Has $49.40 Million Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Key Points

• National Pension Service increased its Cognizant stake by 17.2% in the second quarter, adding 187,187 shares to own 1.28 million shares worth approximately $49.4 million. Institutional investors and hedge funds collectively own 92.44% of CTSH.
• Cognizant reported quarterly revenue of $5.48 billion, up 4.5% year over year, while EPS of $1.37 narrowly missed estimates. Analysts expect full-year EPS of about $5.74, and the stock trades near $60 with a consensus “Hold” rating and $63 average price target.
• The company authorized a $2 billion share-repurchase program covering up to 9% of outstanding shares and pays a quarterly dividend of $0.33, representing a 2.2% annualized yield.

National Pension Service increased its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 17.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,275,592 shares of the information technology service provider's stock after purchasing an additional 187,187 shares during the quarter. National Pension Service owned approximately 0.28% of Cognizant Technology Solutions worth $49,404,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. WINTON GROUP Ltd acquired a new stake in Cognizant Technology Solutions during the 2nd quarter worth approximately $3,593,000. Engineers Gate Manager LP acquired a new position in shares of Cognizant Technology Solutions during the second quarter worth $468,000. Cidel Asset Management Inc. grew its stake in shares of Cognizant Technology Solutions by 18.5% in the second quarter. Cidel Asset Management Inc. now owns 8,628 shares of the information technology service provider's stock worth $334,000 after purchasing an additional 1,344 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Cognizant Technology Solutions by 96.4% in the second quarter. NewEdge Advisors LLC now owns 37,532 shares of the information technology service provider's stock worth $1,454,000 after purchasing an additional 18,425 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in Cognizant Technology Solutions by 31.4% in the second quarter. Baird Financial Group Inc. now owns 32,565 shares of the information technology service provider's stock valued at $1,261,000 after purchasing an additional 7,783 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Cognizant Technology Solutions Trading Up 2.9%

Shares of Cognizant Technology Solutions stock opened at $60.00 on Friday. Cognizant Technology Solutions Corporation has a 1 year low of $37.08 and a 1 year high of $87.03. The firm has a market cap of $27.03 billion, a PE ratio of 12.90, a P/E/G ratio of 1.12 and a beta of 0.83. The stock has a fifty day moving average price of $54.42 and a 200-day moving average price of $54.87. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.18 and a quick ratio of 2.18.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 EPS for the quarter, missing analysts' consensus estimates of $1.38 by ($0.01). The business had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.48 billion. Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%.The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.31 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. Equities research analysts anticipate that Cognizant Technology Solutions Corporation will post 5.74 EPS for the current year.

Cognizant Technology Solutions announced that its board has approved a share repurchase program on Monday, May 18th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the information technology service provider to buy up to 9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Cognizant Technology Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 18th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Tuesday, August 18th. Cognizant Technology Solutions's payout ratio is presently 28.39%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CTSH shares. Robert W. Baird set a $68.00 target price on Cognizant Technology Solutions in a research report on Thursday, July 30th. HSBC cut their price target on shares of Cognizant Technology Solutions from $80.00 to $68.00 and set a "buy" rating on the stock in a research report on Wednesday, July 1st. Daiwa Securities Group reduced their price objective on shares of Cognizant Technology Solutions from $65.00 to $42.00 and set a "neutral" rating for the company in a research report on Wednesday, June 24th. Mizuho set a $64.00 target price on Cognizant Technology Solutions in a research report on Thursday, August 6th. Finally, Wells Fargo & Company upped their price objective on shares of Cognizant Technology Solutions from $61.00 to $67.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Ten research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Cognizant Technology Solutions currently has a consensus rating of "Hold" and an average price target of $63.00.

Cognizant Technology Solutions Profile

Cognizant Technology Solutions Corporation is a professional services and information technology company that helps organizations modernize their technology infrastructure, operations and customer experiences. The company provides consulting, systems integration, application development and maintenance, and business process services to clients across industries.

Its offerings include cloud enablement, software engineering, data and analytics, artificial intelligence, cybersecurity, automation and digital workplace solutions.

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