PharVision Advisers LLC Makes New $344,000 Investment in Cognizant Technology Solutions Corporation $CTSH

Key Points

• PharVision Advisers LLC has acquired a new position in Cognizant Technology Solutions, purchasing 4,492 shares valued at approximately $344,000.
• Cognizant reported a Q2 EPS of $1.31, beating analysts' expectations, with revenue of $5.25 billion—an 8.1% increase year-over-year.
• The company has declared a quarterly dividend of $0.31 per share, resulting in an annual yield of 1.7% and a payout ratio of 25.20%.

PharVision Advisers LLC bought a new position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,492 shares of the information technology service provider's stock, valued at approximately $344,000.

Several other large investors have also added to or reduced their stakes in CTSH. Brighton Jones LLC bought a new position in Cognizant Technology Solutions in the 4th quarter worth about $214,000. Ameriprise Financial Inc. boosted its stake in Cognizant Technology Solutions by 7.2% in the 4th quarter. Ameriprise Financial Inc. now owns 524,182 shares of the information technology service provider's stock worth $40,311,000 after purchasing an additional 35,129 shares during the period. Cary Street Partners Financial LLC bought a new stake in shares of Cognizant Technology Solutions during the 4th quarter valued at about $190,000. Captrust Financial Advisors boosted its position in shares of Cognizant Technology Solutions by 3.6% during the 4th quarter. Captrust Financial Advisors now owns 36,682 shares of the information technology service provider's stock valued at $2,821,000 after acquiring an additional 1,260 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its position in shares of Cognizant Technology Solutions by 21.5% during the 4th quarter. CoreCap Advisors LLC now owns 711 shares of the information technology service provider's stock valued at $55,000 after acquiring an additional 126 shares during the last quarter. Institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Stock Down 2.3%

Cognizant Technology Solutions stock traded down $1.63 during mid-day trading on Wednesday, hitting $69.15. The company had a trading volume of 4,308,415 shares, compared to its average volume of 3,832,201. 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. The company has a market capitalization of $33.77 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 1.48 and a beta of 0.93. The stock's 50 day moving average price is $73.40 and its two-hundred day moving average price is $76.17.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released 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 company had revenue of $5.25 billion for the quarter, compared to analysts' expectations of $5.17 billion. During the same period last year, the firm posted $1.17 earnings per share. Cognizant Technology Solutions'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, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. Cognizant Technology Solutions's dividend payout ratio is currently 25.20%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CTSH shares. Guggenheim upgraded Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price target for the company in a research report on Friday, July 18th. Evercore ISI began coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued an "outperform" rating and a $100.00 target price for the company. JPMorgan Chase & Co. decreased 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. Deutsche Bank Aktiengesellschaft began coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued a "hold" rating and a $80.00 price target on the stock. Finally, Wall Street Zen cut Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Five investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Cognizant Technology Solutions has an average rating of "Hold" and a consensus price target of $86.07.

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.