Sciencast Management LP Purchases Shares of 16,829 Cognizant Technology Solutions Corporation $CTSH

Key Points

• Sciencast Management LP has acquired a new position in Cognizant Technology Solutions, purchasing 16,829 shares valued at approximately $1.287 million during the first quarter.
• Cognizant Technology Solutions reported earnings of $1.31 per share, exceeding analysts' expectations, with quarterly revenue reaching $5.25 billion.
• The company announced a quarterly dividend of $0.31 per share, reflecting a dividend yield of 1.7% and a payout ratio of 25.20%.

Sciencast Management LP bought a new position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 16,829 shares of the information technology service provider's stock, valued at approximately $1,287,000.

Several other hedge funds and other institutional investors have also modified their holdings of CTSH. Brighton Jones LLC bought a new stake in shares of Cognizant Technology Solutions during the 4th quarter worth about $214,000. Ameriprise Financial Inc. boosted its holdings 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 valued at $40,311,000 after purchasing an additional 35,129 shares during the period. Cary Street Partners Financial LLC bought a new stake in Cognizant Technology Solutions in the 4th quarter valued at about $190,000. Captrust Financial Advisors boosted its holdings in Cognizant Technology Solutions by 3.6% in 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 purchasing an additional 1,260 shares during the period. Finally, CoreCap Advisors LLC boosted its holdings in Cognizant Technology Solutions by 21.5% in the 4th quarter. CoreCap Advisors LLC now owns 711 shares of the information technology service provider's stock valued at $55,000 after purchasing an additional 126 shares during the period. Institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Price Performance

CTSH stock traded down $1.38 during trading on Friday, reaching $69.17. 4,099,216 shares of the company were exchanged, compared to its average volume of 3,375,842. The company has a 50-day moving average of $72.83 and a two-hundred day moving average of $75.80. The company has a market capitalization of $33.78 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 1.44 and a beta of 0.93. Cognizant Technology Solutions Corporation has a twelve month low of $65.52 and a twelve month high of $90.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 11.89% and a return on equity of 16.77%. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $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 predict 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 declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, August 18th. Cognizant Technology Solutions's dividend payout ratio is 25.20%.

Analyst Ratings Changes

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

Cognizant Technology Solutions 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.