Spectrum Asset Management Inc. NB CA Makes New $487,000 Investment in Cognizant Technology Solutions Corporation $CTSH

Key Points

• Spectrum Asset Management Inc. NB CA has made a new investment in Cognizant Technology Solutions Corporation, acquiring 6,237 shares valued at approximately $487,000.
• Cognizant reported $1.31 earnings per share (EPS) for the last quarter, exceeding estimates, with revenue of $5.25 billion, which is an 8.1% increase year-over-year.
• The company recently declared a quarterly dividend of $0.31 per share, representing an annualized rate of $1.24 and a yield of 1.8%.

Spectrum Asset Management Inc. NB CA acquired a new stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,237 shares of the information technology service provider's stock, valued at approximately $487,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Conning Inc. boosted its holdings in Cognizant Technology Solutions by 4.4% during 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 lifted its position in shares of Cognizant Technology Solutions by 1.7% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,733 shares of the information technology service provider's stock worth $668,000 after purchasing an additional 149 shares in the last quarter. Private Trust Co. NA boosted its stake in shares of Cognizant Technology Solutions by 8.6% in the first quarter. Private Trust Co. NA now owns 1,913 shares of the information technology service provider's stock valued at $146,000 after purchasing an additional 151 shares during the period. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Cognizant Technology Solutions by 4.0% in the first 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 purchasing an additional 154 shares in the last quarter. Finally, Cairn Investment Group Inc. increased its stake in Cognizant Technology Solutions by 0.3% during the 1st quarter. Cairn Investment Group Inc. now owns 54,755 shares of the information technology service provider's stock worth $4,189,000 after buying an additional 172 shares during the period. Hedge funds and other institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH opened at $67.94 on Wednesday. The stock's 50-day simple moving average is $69.87 and its 200-day simple moving average is $74.28. The firm has a market capitalization of $33.18 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 1.41 and a beta of 0.95. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.17 and a fifty-two week high of $90.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.41.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.26 by $0.05. The company had revenue of $5.25 billion for the quarter, compared to analyst estimates 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 revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.17 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were paid 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 currently 25.20%.

Analysts Set New Price Targets

CTSH has been the subject of several recent research reports. Weiss Ratings reissued a "hold (c+)" rating on shares of Cognizant Technology Solutions in a research report on Saturday, September 27th. Evercore ISI started coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an "outperform" rating and a $100.00 target price for the company. Guggenheim upgraded Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price target on the stock in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft assumed coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued a "hold" rating and a $80.00 price objective for the company. Finally, Wall Street Zen lowered shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Cognizant Technology Solutions has a consensus 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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