Shell Asset Management Co. Increases Holdings in Cognizant Technology Solutions Corporation $CTSH

Key Points

• Shell Asset Management Co. increased its holdings in Cognizant Technology Solutions by 41.8% in the second quarter, owning 48,657 shares worth approximately $3.8 million.
• Cognizant Technology Solutions reported $1.31 earnings per share (EPS) for the recent quarter, exceeding estimates by $0.05, and their quarterly revenue was $5.25 billion, up 8.1% year over year.
• The company announced a quarterly dividend of $0.31 per share, representing a 1.8% dividend yield and a payout ratio of 25.20%.

Shell Asset Management Co. lifted its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 41.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,657 shares of the information technology service provider's stock after acquiring an additional 14,350 shares during the quarter. Shell Asset Management Co.'s holdings in Cognizant Technology Solutions were worth $3,797,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CTSH. Goldman Sachs Group Inc. boosted its stake in shares of 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 in the last quarter. Amundi raised its position in shares of Cognizant Technology Solutions by 61.6% during the 1st quarter. Amundi now owns 4,519,912 shares of the information technology service provider's stock worth $331,584,000 after purchasing an additional 1,723,335 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of 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 purchasing an additional 1,710,433 shares during the last quarter. Invesco Ltd. raised its position in shares of 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 purchasing an additional 1,422,265 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Cognizant Technology Solutions during the 1st quarter worth approximately $90,194,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Stock Up 0.2%

Shares of NASDAQ CTSH opened at $67.94 on Wednesday. Cognizant Technology Solutions Corporation has a 52-week low of $65.17 and a 52-week high of $90.82. The firm has a fifty day moving average of $69.87 and a 200-day moving average of $74.28. The stock has a market capitalization of $33.18 billion, a PE ratio of 13.81, a P/E/G ratio of 1.41 and a beta of 0.95. 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 announced its quarterly earnings data on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.25 billion during the quarter, compared to analysts' expectations of $5.17 billion. During the same period in the previous year, the company earned $1.17 EPS. The business's quarterly 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. On average, analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 18th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CTSH. Evercore ISI began coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They set an "outperform" rating and a $100.00 price objective for the company. Weiss Ratings restated a "hold (c+)" rating on shares of Cognizant Technology Solutions in a research report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft assumed coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a "hold" rating and a $80.00 price target for the company. 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 report on Friday, July 18th. Finally, JPMorgan Chase & Co. cut their price target on Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Five investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Cognizant Technology Solutions has a consensus 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.

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