NewEdge Advisors LLC Acquires 18,425 Shares of Cognizant Technology Solutions Corporation $CTSH

Key Points

• NewEdge Advisors nearly doubled its Cognizant Technology Solutions stake in the second quarter, purchasing 18,425 additional shares and bringing its holdings to 37,532 shares valued at approximately $1.45 million.
• Institutional ownership remains high at 92.44%, with several other funds also increasing their positions in Cognizant.
• Cognizant reported quarterly revenue of $5.48 billion, up 4.5% year over year, but narrowly missed EPS estimates. The company pays a $0.33 quarterly dividend, while analysts maintain a consensus “Hold” rating with a $63.65 price target.

NewEdge Advisors LLC raised its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 96.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,532 shares of the information technology service provider's stock after purchasing an additional 18,425 shares during the quarter. NewEdge Advisors LLC's holdings in Cognizant Technology Solutions were worth $1,454,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Baird Financial Group Inc. lifted its stake in shares of Cognizant Technology Solutions by 31.4% in the 2nd 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 last quarter. Arizona State Retirement System increased its position in shares of Cognizant Technology Solutions by 4.6% during the 2nd quarter. Arizona State Retirement System now owns 137,119 shares of the information technology service provider's stock valued at $5,311,000 after purchasing an additional 5,973 shares during the last quarter. Empirical Finance LLC raised its holdings in Cognizant Technology Solutions by 2.5% during the 2nd quarter. Empirical Finance LLC now owns 25,146 shares of the information technology service provider's stock valued at $974,000 after buying an additional 603 shares during the period. Nykredit A S purchased a new stake in Cognizant Technology Solutions during the 2nd quarter valued at $7,647,000. Finally, Parkside Financial Bank & Trust lifted its position in Cognizant Technology Solutions by 509.8% in the second quarter. Parkside Financial Bank & Trust now owns 6,946 shares of the information technology service provider's stock worth $288,000 after buying an additional 5,807 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Stock Performance

Cognizant Technology Solutions stock opened at $59.87 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.18 and a current ratio of 2.18. The company has a market capitalization of $26.97 billion, a PE ratio of 12.88, a P/E/G ratio of 1.11 and a beta of 0.83. The company has a 50 day moving average price of $56.37 and a 200-day moving average price of $54.86. Cognizant Technology Solutions Corporation has a fifty-two week low of $37.08 and a fifty-two week high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.01). The firm had revenue of $5.48 billion during 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 firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $1.31 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. As a group, equities analysts forecast that Cognizant Technology Solutions Corporation will post 5.74 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, August 18th. This represents a $1.32 annualized dividend and a dividend yield of 2.2%. Cognizant Technology Solutions's dividend payout ratio (DPR) is currently 28.39%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CTSH. Wedbush upgraded shares of Cognizant Technology Solutions from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $56.00 to $70.00 in a research report on Monday, June 8th. JPMorgan Chase & Co. dropped their price target on shares of Cognizant Technology Solutions from $74.00 to $55.00 and set an "overweight" rating for the company in a research note on Friday, July 24th. Daiwa Securities Group reduced their price objective on shares of Cognizant Technology Solutions from $65.00 to $42.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 24th. Robert W. Baird set a $68.00 price objective on shares of Cognizant Technology Solutions in a research note on Thursday, July 30th. Finally, Citigroup reaffirmed a "neutral" rating and set a $60.00 target price (up from $45.00) on shares of Cognizant Technology Solutions in a research note on Thursday, July 30th. Ten research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $63.65.

Cognizant Technology Solutions Company 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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