Signal Advisors Wealth LLC Takes Position in Cognizant Technology Solutions Corporation $CTSH

Key Points

• Signal Advisors Wealth LLC acquired 4,047 shares of Cognizant Technology Solutions, valued at approximately $316,000, in the second quarter.
• Numerous large investors, including Ritholtz Wealth Management and Ilmarinen Mutual Pension Insurance Co, significantly increased their stakes in Cognizant during the first quarter.
• Analysts have mixed ratings on Cognizant Technology Solutions, with a consensus rating of "Hold" and a recent price target of $86.79.

Signal Advisors Wealth LLC acquired a new stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,047 shares of the information technology service provider's stock, valued at approximately $316,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CTSH. Brighton Jones LLC bought a new stake in shares of Cognizant Technology Solutions in the 4th quarter valued at about $214,000. City National Bank of Florida MSD purchased a new position in shares of Cognizant Technology Solutions in the 4th quarter worth approximately $221,000. Vise Technologies Inc. purchased a new position in shares of Cognizant Technology Solutions in the 4th quarter worth approximately $365,000. GTS Securities LLC grew its position in shares of Cognizant Technology Solutions by 394.9% in the 4th quarter. GTS Securities LLC now owns 16,387 shares of the information technology service provider's stock worth $1,260,000 after buying an additional 21,944 shares during the last quarter. Finally, Neo Ivy Capital Management grew its position in shares of Cognizant Technology Solutions by 18.4% in the 4th quarter. Neo Ivy Capital Management now owns 14,838 shares of the information technology service provider's stock worth $1,141,000 after buying an additional 2,304 shares during the last quarter. Institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Stock Up 0.0%

NASDAQ:CTSH traded up $0.03 during trading hours on Tuesday, hitting $68.19. The stock had a trading volume of 378,544 shares, compared to its average volume of 3,893,936. The company has a market cap of $33.31 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 1.39 and a beta of 0.93. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04. The business has a 50 day simple moving average of $71.72 and a two-hundred day simple moving average of $75.18. Cognizant Technology Solutions Corporation has a 1-year low of $65.17 and a 1-year high of $90.82.

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, topping the consensus estimate of $1.26 by $0.05. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The firm had revenue of $5.25 billion for the quarter, compared to analysts' expectations of $5.17 billion. During the same period last year, the business posted $1.17 earnings per share. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. Analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CTSH. Deutsche Bank Aktiengesellschaft began coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They set a "hold" rating and a $80.00 target price on the stock. Wall Street Zen downgraded shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Evercore ISI started coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued an "outperform" rating and a $100.00 target price for the company. Guggenheim upgraded shares of Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 target price for the company in a research report on Friday, July 18th. Finally, 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 research report on Wednesday, August 20th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.