Cognizant Technology Solutions Corporation $CTSH Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp has reduced its holdings in Cognizant Technology Solutions by 2.0%, resulting in ownership of approximately 5.84 million shares valued at $446.77 million.
• Cognizant's recent quarterly earnings report showed an earnings per share (EPS) of $1.31, exceeding analyst expectations and indicating a revenue growth of 8.1% year-over-year.
• The company declared a quarterly dividend of $0.31 per share, with a dividend yield of 1.7%, reflecting a payout ratio of 25.20%.

Northern Trust Corp lessened its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,840,151 shares of the information technology service provider's stock after selling 120,055 shares during the quarter. Northern Trust Corp owned about 1.18% of Cognizant Technology Solutions worth $446,772,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CTSH. Brighton Jones LLC acquired a new position in Cognizant Technology Solutions in the 4th quarter worth approximately $214,000. NewEdge Advisors LLC lifted its holdings in Cognizant Technology Solutions by 70.4% in the fourth quarter. NewEdge Advisors LLC now owns 11,562 shares of the information technology service provider's stock valued at $889,000 after acquiring an additional 4,776 shares during the period. MetLife Investment Management LLC lifted its holdings in Cognizant Technology Solutions by 1.8% in the fourth quarter. MetLife Investment Management LLC now owns 131,266 shares of the information technology service provider's stock valued at $10,094,000 after acquiring an additional 2,349 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Cognizant Technology Solutions by 148.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 47,811 shares of the information technology service provider's stock valued at $3,677,000 after acquiring an additional 28,573 shares during the period. Finally, State of Tennessee Department of Treasury lifted its holdings in Cognizant Technology Solutions by 6.1% in the fourth quarter. State of Tennessee Department of Treasury now owns 160,964 shares of the information technology service provider's stock valued at $12,378,000 after acquiring an additional 9,209 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.

Cognizant Technology Solutions Price Performance

NASDAQ CTSH traded down $0.8630 during mid-day trading on Monday, hitting $71.5070. The stock had a trading volume of 610,997 shares, compared to its average volume of 3,821,420. The firm's 50 day moving average is $74.95 and its 200 day moving average is $77.46. Cognizant Technology Solutions Corporation has a twelve month low of $65.52 and a twelve month high of $90.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41. The stock has a market capitalization of $34.92 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 1.51 and a beta of 0.90.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.17 billion. During the same period in the prior year, the company earned $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. Equities research analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 18th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, August 18th. Cognizant Technology Solutions's dividend payout ratio is currently 25.20%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CTSH shares. Guggenheim raised Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price target for the company in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft started coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a "hold" rating and a $80.00 price target for the company. Wall Street Zen downgraded Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Susquehanna raised Cognizant Technology Solutions from a "neutral" rating to a "positive" rating and boosted their price target for the company from $77.00 to $90.00 in a report on Thursday, May 1st. Finally, TD Securities boosted their price target on Cognizant Technology Solutions from $77.00 to $79.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Six analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $86.31.

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.