Public Sector Pension Investment Board Acquires 4,806 Shares of Cognizant Technology Solutions Corporation $CTSH

Key Points

• The Public Sector Pension Investment Board increased its stake in Cognizant Technology Solutions by 6.7% during the first quarter, holding a total of 76,543 shares worth approximately $5.86 million.
• A variety of hedge funds have also adjusted their positions in Cognizant, contributing to a total of 92.44% of the stock being owned by institutional investors.
• Cognizant Technology Solutions recently reported better-than-expected quarterly earnings, with an EPS of $1.31 compared to the consensus estimate of $1.26, alongside a revenue of $5.25 billion.

Public Sector Pension Investment Board boosted its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 6.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 76,543 shares of the information technology service provider's stock after acquiring an additional 4,806 shares during the period. Public Sector Pension Investment Board's holdings in Cognizant Technology Solutions were worth $5,856,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CTSH. Goldman Sachs Group Inc. grew its holdings in Cognizant Technology Solutions by 117.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,805,893 shares of the information technology service provider's stock worth $520,651,000 after acquiring an additional 3,677,145 shares during the period. Pacer Advisors Inc. grew its holdings in Cognizant Technology Solutions by 2,585.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,776,601 shares of the information technology service provider's stock worth $135,910,000 after acquiring an additional 1,710,433 shares during the period. AE Industrial Partners LP acquired a new stake in Cognizant Technology Solutions during the 4th quarter worth $113,088,000. Invesco Ltd. grew its holdings in Cognizant Technology Solutions by 13.3% during the 1st quarter. Invesco Ltd. now owns 12,077,445 shares of the information technology service provider's stock worth $923,925,000 after acquiring an additional 1,422,265 shares during the period. Finally, Capital Research Global Investors grew its holdings in Cognizant Technology Solutions by 98.9% during the 4th quarter. Capital Research Global Investors now owns 2,742,442 shares of the information technology service provider's stock worth $210,894,000 after acquiring an additional 1,363,570 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.

Cognizant Technology Solutions Stock Up 0.8%

CTSH traded up $0.59 during trading on Thursday, hitting $71.08. The company had a trading volume of 2,197,390 shares, compared to its average volume of 4,654,749. The company has a market capitalization of $34.72 billion, a PE ratio of 14.45, a PEG ratio of 1.47 and a beta of 0.90. Cognizant Technology Solutions Corporation has a one year low of $65.52 and a one year high of $90.82. The firm's 50-day moving average price is $75.08 and its 200 day moving average price is $77.65. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.04.

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. The business had revenue of $5.25 billion for the quarter, compared to analysts' expectations of $5.17 billion. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The firm's revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. As a group, equities analysts expect that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have commented on CTSH. Barclays lowered their target price on shares of Cognizant Technology Solutions from $103.00 to $90.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Wall Street Zen lowered shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Susquehanna raised shares of 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. Robert W. Baird boosted their price target on shares of Cognizant Technology Solutions from $78.00 to $82.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a "hold" rating and a $80.00 price target for the company. Six analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price 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.