Reinhart Partners LLC. Trims Holdings in Cognizant Technology Solutions Corporation $CTSH

Key Points

• Reinhart Partners LLC reduced its stake in Cognizant Technology Solutions Corporation by 9.2%, owning 90,602 shares valued at approximately $7.07 million after selling 9,139 shares in the second quarter.
• Several institutional investors, such as Invesco and Goldman Sachs, have increased their holdings in Cognizant, highlighting strong institutional interest in the company, which currently has 92.44% of its shares held by such investors.
• Cognizant reported a quarterly earnings beat with earnings per share of $1.31, exceeding expectations, alongside a 8.1% year-over-year revenue growth of $5.25 billion.

Reinhart Partners LLC. trimmed its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 9.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,602 shares of the information technology service provider's stock after selling 9,139 shares during the quarter. Reinhart Partners LLC.'s holdings in Cognizant Technology Solutions were worth $7,070,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Connecticut Wealth Management LLC increased its holdings in shares of Cognizant Technology Solutions by 0.8% in the 4th quarter. Connecticut Wealth Management LLC now owns 17,650 shares of the information technology service provider's stock valued at $1,357,000 after acquiring an additional 138 shares during the period. Conning Inc. increased its holdings in shares of Cognizant Technology Solutions by 4.4% in the 1st quarter. Conning Inc. now owns 3,547 shares of the information technology service provider's stock valued at $271,000 after acquiring an additional 149 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Cognizant Technology Solutions by 1.7% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,733 shares of the information technology service provider's stock valued at $668,000 after acquiring an additional 149 shares during the period. Private Trust Co. NA increased its holdings in shares of Cognizant Technology Solutions by 8.6% in the 1st quarter. Private Trust Co. NA now owns 1,913 shares of the information technology service provider's stock valued at $146,000 after acquiring an additional 151 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Cognizant Technology Solutions by 4.0% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 3,969 shares of the information technology service provider's stock valued at $304,000 after acquiring an additional 154 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CTSH shares. Guggenheim raised shares of Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price objective on the stock in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft started coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued a "hold" rating and a $80.00 price objective on the stock. Evercore ISI started coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued an "outperform" rating and a $100.00 price objective on the stock. Wall Street Zen cut shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of 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. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Cognizant Technology Solutions presently has an average rating of "Hold" and a consensus price target of $86.79.

Cognizant Technology Solutions Price Performance

Shares of Cognizant Technology Solutions stock traded down $3.32 on Friday, hitting $66.94. The company's stock had a trading volume of 14,562,441 shares, compared to its average volume of 3,603,738. 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. The firm has a fifty day moving average price of $72.03 and a 200-day moving average price of $75.52. The company has a market capitalization of $32.69 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 1.46 and a beta of 0.93.

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, topping 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 business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same period in the previous year, the firm earned $1.17 EPS. The business's revenue for the quarter 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. On average, equities research analysts expect that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were given a $0.31 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.9%. Cognizant Technology Solutions's payout ratio is currently 25.20%.

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.