Nykredit A S Invests $7.65 Million in Cognizant Technology Solutions Corporation $CTSH

Key Points

• Nykredit A/S acquired 190,326 shares of Cognizant Technology Solutions in the second quarter, valued at approximately $7.65 million. Institutional investors and hedge funds collectively own 92.44% of the company.
• Analyst sentiment remains mixed, with 10 Buy, 13 Hold, and one Sell rating. The consensus rating is Hold, with an average price target of $63.65.
• Cognizant reported quarterly revenue of $5.48 billion, up 4.5% year over year, while EPS of $1.37 narrowly missed estimates. The company pays a quarterly dividend of $0.33 per share, yielding about 2.2% annually.

Nykredit A S acquired a new position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 190,326 shares of the information technology service provider's stock, valued at approximately $7,647,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CTSH. Norges Bank acquired a new stake in Cognizant Technology Solutions in the fourth quarter worth about $690,959,000. Assenagon Asset Management S.A. grew its holdings in Cognizant Technology Solutions by 925.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,652,358 shares of the information technology service provider's stock worth $141,456,000 after acquiring an additional 3,296,205 shares during the period. Pzena Investment Management LLC increased its holdings in Cognizant Technology Solutions by 14.9% in the first quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider's stock valued at $1,243,096,000 after purchasing an additional 2,633,683 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Cognizant Technology Solutions by 752.1% in the 1st quarter. Lazard Asset Management LLC now owns 1,317,166 shares of the information technology service provider's stock valued at $80,808,000 after acquiring an additional 1,162,580 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Cognizant Technology Solutions in the 2nd quarter valued at approximately $33,117,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CTSH. Morgan Stanley reissued a "negative" rating and set a $51.00 price target (up from $44.00) on shares of Cognizant Technology Solutions in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Cognizant Technology Solutions in a research note on Friday, August 7th. Mizuho set a $64.00 target price on Cognizant Technology Solutions in a report on Thursday, August 6th. Wells Fargo & Company boosted their target price on Cognizant Technology Solutions from $61.00 to $67.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Finally, Robert W. Baird set a $68.00 price target on Cognizant Technology Solutions in a report 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 stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $63.65.

Cognizant Technology Solutions Stock Performance

CTSH opened at $59.38 on Tuesday. The company has a market capitalization of $26.75 billion, a price-to-earnings ratio of 12.77, a P/E/G ratio of 1.11 and a beta of 0.83. The business's 50-day moving average price is $56.67 and its two-hundred day moving average price is $54.76. Cognizant Technology Solutions Corporation has a 1 year low of $37.08 and a 1 year high of $87.03. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.18 and a quick ratio of 2.18.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.38 by ($0.01). Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%.The firm had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the business posted $1.31 earnings per share. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. Equities analysts expect that Cognizant Technology Solutions Corporation will post 5.74 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently disclosed 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. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Tuesday, August 18th. Cognizant Technology Solutions's dividend payout ratio is currently 28.39%.

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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