Cognizant Technology Solutions Corporation $CTSH Shares Purchased by Northwest & Ethical Investments L.P.

Key Points

• Northwest & Ethical Investments L.P. raised its stake in Cognizant Technology Solutions Corporation by 42.0%, owning 40,067 shares worth $3,065,000 at the end of the most recent quarter.
• The company's shares opened at $70.00, with a market cap of $34.19 billion, a price-to-earnings ratio of 14.23, and revenues of $5.25 billion, exceeding analysts' estimates.
• Cognizant announced a quarterly dividend of $0.31 per share, providing investors a yield of 1.8%, with a dividend payout ratio of 25.20%.

Northwest & Ethical Investments L.P. grew its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 42.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,067 shares of the information technology service provider's stock after buying an additional 11,848 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Cognizant Technology Solutions were worth $3,065,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Park Square Financial Group LLC bought a new stake in shares of Cognizant Technology Solutions in the 4th quarter valued at about $36,000. CoreCap Advisors LLC boosted its holdings in shares of 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 valued at $55,000 after buying an additional 126 shares in the last quarter. Pinney & Scofield Inc. bought a new stake in shares of Cognizant Technology Solutions in the 4th quarter valued at about $55,000. Optiver Holding B.V. bought a new stake in shares of Cognizant Technology Solutions in the 4th quarter valued at about $66,000. Finally, Zions Bancorporation National Association UT acquired a new stake in Cognizant Technology Solutions in the 1st quarter worth approximately $66,000. 92.44% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Stock Performance

NASDAQ CTSH traded up $1.30 on Friday, hitting $72.38. 3,560,088 shares of the company's stock traded hands, compared to its average volume of 3,833,392. 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 1-year low of $65.52 and a 1-year high of $90.82. The firm's 50-day moving average price is $75.08 and its two-hundred day moving average price is $77.65. The firm has a market capitalization of $35.35 billion, a PE ratio of 14.71, a P/E/G ratio of 1.47 and a beta of 0.90.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.05. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The firm had revenue of $5.25 billion during the quarter, compared to analysts' expectations of $5.17 billion. During the same period in the previous year, the business posted $1.17 EPS. The business'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. As a group, analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The company also recently announced 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 dividend yield of 1.7%. The ex-dividend date is Monday, August 18th. Cognizant Technology Solutions's payout ratio is currently 25.20%.

Wall Street Analysts Forecast Growth

CTSH has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of Cognizant Technology Solutions in a research note on Thursday, May 1st. TD Securities lifted their target price on shares of Cognizant Technology Solutions from $77.00 to $79.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Susquehanna upgraded shares of Cognizant Technology Solutions from a "neutral" rating to a "positive" rating and lifted their target price for the stock from $77.00 to $90.00 in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued a "hold" rating and a $80.00 target price for the company. Finally, Robert W. Baird lifted their target price on shares of Cognizant Technology Solutions from $78.00 to $82.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Six research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat.com, Cognizant Technology Solutions currently has a consensus rating of "Hold" and an average price target of $86.31.

About Cognizant Technology Solutions

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.