Norinchukin Bank The Has $3.13 Million Stake in Cognizant Technology Solutions Corporation $CTSH

Key Points

• Norinchukin Bank raised its stake in Cognizant Technology Solutions Corporation by 43.3%, acquiring an additional 12,373 shares, bringing its total holdings to 40,928 shares valued at approximately $3.13 million.
• Goldman Sachs also significantly increased its holdings in Cognizant by 117.5%, while Pacer Advisors saw a massive increase of 2,585.0% in their shares during the same quarter.
• Cognizant reported earnings of $1.31 per share for the last quarter, exceeding analyst estimates, and has set a fiscal year 2025 guidance of 5.080-5.220 EPS.

Norinchukin Bank The lifted its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 43.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,928 shares of the information technology service provider's stock after purchasing an additional 12,373 shares during the period. Norinchukin Bank The's holdings in Cognizant Technology Solutions were worth $3,131,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Ritholtz Wealth Management lifted its stake in Cognizant Technology Solutions by 21.0% during the first quarter. Ritholtz Wealth Management now owns 10,531 shares of the information technology service provider's stock worth $806,000 after purchasing an additional 1,827 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Cognizant Technology Solutions by 1.4% in the first quarter. Envestnet Asset Management Inc. now owns 500,039 shares of the information technology service provider's stock valued at $38,253,000 after buying an additional 7,105 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Cognizant Technology Solutions by 40.7% in the first quarter. Janney Montgomery Scott LLC now owns 28,047 shares of the information technology service provider's stock valued at $2,146,000 after buying an additional 8,116 shares in the last quarter. Golden State Wealth Management LLC raised its stake in Cognizant Technology Solutions by 290.9% in the first quarter. Golden State Wealth Management LLC now owns 899 shares of the information technology service provider's stock valued at $69,000 after buying an additional 669 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Cognizant Technology Solutions by 14.0% during the first quarter. Farther Finance Advisors LLC now owns 4,814 shares of the information technology service provider's stock worth $368,000 after purchasing an additional 591 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Cognizant Technology Solutions in a research note on Thursday, May 1st. Robert W. Baird boosted their target price on Cognizant Technology Solutions from $78.00 to $82.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. 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. TD Securities increased their target price on Cognizant Technology Solutions from $77.00 to $79.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. reduced their price target on Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Six research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $86.31.

Cognizant Technology Solutions Stock Performance

NASDAQ CTSH traded up $0.46 during trading hours on Wednesday, reaching $72.14. The company's stock had a trading volume of 697,104 shares, compared to its average volume of 3,825,326. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04. The business has a 50-day simple moving average of $74.63 and a 200 day simple moving average of $77.32. Cognizant Technology Solutions Corporation has a 52 week low of $65.52 and a 52 week high of $90.82. The stock has a market cap of $35.23 billion, a PE ratio of 14.65, a PEG ratio of 1.50 and a beta of 0.90.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share for the quarter, beating 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 analysts' expectations of $5.17 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. The business's revenue for the quarter 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. Equities research analysts predict that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, August 18th. Cognizant Technology Solutions's 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.