QRG Capital Management Inc. Boosts Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Key Points

• QRG Capital Management Inc. increased its stake in Cognizant Technology Solutions Corporation by 54.8%, owning approximately 0.08% of the company valued at $31.38 million after acquiring additional shares in the second quarter.
• Institutional investors collectively own 92.44% of Cognizant Technology Solutions, with several funds adjusting their positions, including Brighton Jones LLC, Merit Financial Group LLC, and Hennion & Walsh Asset Management Inc.
• Cognizant reported $1.31 earnings per share for the last quarter, surpassing estimates, with a revenue of $5.25 billion, reflecting an 8.1% year-over-year growth.

QRG Capital Management Inc. raised its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 54.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 402,174 shares of the information technology service provider's stock after acquiring an additional 142,447 shares during the period. QRG Capital Management Inc. owned approximately 0.08% of Cognizant Technology Solutions worth $31,382,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CTSH. Brighton Jones LLC bought a new position in Cognizant Technology Solutions during the fourth quarter valued at approximately $214,000. Merit Financial Group LLC raised its holdings in shares of Cognizant Technology Solutions by 36.5% during the 1st quarter. Merit Financial Group LLC now owns 7,078 shares of the information technology service provider's stock worth $541,000 after acquiring an additional 1,892 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Cognizant Technology Solutions by 8.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 3,781 shares of the information technology service provider's stock worth $289,000 after acquiring an additional 292 shares in the last quarter. Matrix Trust Co boosted its position in shares of Cognizant Technology Solutions by 52.6% during the 1st quarter. Matrix Trust Co now owns 1,844 shares of the information technology service provider's stock valued at $141,000 after acquiring an additional 636 shares during the last quarter. Finally, Chesley Taft & Associates LLC grew its holdings in shares of Cognizant Technology Solutions by 1.1% in the first quarter. Chesley Taft & Associates LLC now owns 26,911 shares of the information technology service provider's stock valued at $2,059,000 after purchasing an additional 291 shares in the last quarter. Institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Stock Up 1.0%

Shares of NASDAQ:CTSH opened at $67.66 on Friday. The business's 50 day moving average is $70.16 and its 200 day moving average is $74.44. The stock has a market cap of $33.05 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 1.39 and a beta of 0.95. Cognizant Technology Solutions Corporation has a 52-week low of $65.17 and a 52-week high of $90.82. 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 issued its earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.05. The business had revenue of $5.25 billion during the quarter, compared to analysts' expectations of $5.17 billion. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The business's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.17 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 18th were issued a $0.31 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. Cognizant Technology Solutions's payout ratio is currently 25.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Evercore ISI began coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They set an "outperform" rating and a $100.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a "hold" rating and a $80.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Weiss Ratings reissued a "hold (c+)" rating on shares of Cognizant Technology Solutions in a research note on Saturday, September 27th. Finally, Wall Street Zen downgraded Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $86.79.

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.

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