Nissay Asset Management Corp Japan ADV Increases Position in Cognizant Technology Solutions Corporation $CTSH

Key Points

• Nissay Asset Management Corp Japan ADV increased its holdings in Cognizant Technology Solutions by 10.8%, owning a total of 126,877 shares valued at approximately $9.7 million as of the latest SEC filing.
• Several institutional investors have also increased their positions in Cognizant, with notable increases such as 290.9% by Golden State Wealth Management LLC and 40.7% by Janney Montgomery Scott LLC during the first quarter.
• Wall Street analysts have mixed views on Cognizant, with a consensus rating of "Hold" and an average target price of $86.07, while some firms have adjusted their ratings and price targets recently.

Nissay Asset Management Corp Japan ADV boosted its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 10.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 126,877 shares of the information technology service provider's stock after purchasing an additional 12,394 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Cognizant Technology Solutions were worth $9,706,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Park Square Financial Group LLC bought a new position in Cognizant Technology Solutions during the 4th quarter valued at about $36,000. CoreCap Advisors LLC grew its stake in 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 worth $55,000 after acquiring an additional 126 shares in the last quarter. Pinney & Scofield Inc. bought a new position in Cognizant Technology Solutions in the 4th quarter worth about $55,000. WPG Advisers LLC bought a new position in Cognizant Technology Solutions in the 1st quarter worth about $61,000. Finally, Zions Bancorporation National Association UT bought a new position in Cognizant Technology Solutions in the 1st quarter worth about $66,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CTSH shares. Guggenheim upgraded shares of Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 target price on the stock in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They set a "hold" rating and a $80.00 price objective on the stock. Evercore ISI assumed coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They set an "outperform" rating and a $100.00 price objective on the stock. Wall Street Zen lowered shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Cognizant Technology Solutions has an average rating of "Hold" and a consensus target price of $86.07.

Cognizant Technology Solutions Stock Performance

CTSH traded up $0.78 on Thursday, reaching $69.94. The stock had a trading volume of 1,894,916 shares, compared to its average volume of 3,820,202. The company has a market cap of $34.16 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 1.47 and a beta of 0.93. The business's 50-day moving average price is $73.17 and its two-hundred day moving average price is $76.12. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 12-month low of $65.52 and a 12-month high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its quarterly 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. The firm had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.17 billion. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. Cognizant Technology Solutions's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business 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. Sell-side analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a 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%.

Cognizant Technology Solutions Company 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.