Sumitomo Mitsui Trust Group Inc. Has $113.75 Million Stake in Cognizant Technology Solutions Corporation $CTSH

Key Points

• Sumitomo Mitsui Trust Group trimmed its stake in Cognizant by 2.4% in Q4, selling 33,215 shares to hold 1,370,481 shares (0.28%) valued at $113.75 million.
• Other institutions added sizable positions—CIBC Bancorp opened a roughly $201.8 million stake and firms like Voloridge, Hotchkis & Wiley, MFS and Invesco materially increased holdings—leaving institutional ownership at 92.44%.
• Cognizant beat quarterly estimates with $1.35 EPS and $5.33B revenue, set FY2026 EPS guidance at 5.560–5.700, and raised its quarterly dividend to $0.33 (annualized yield ~2.2%).

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,370,481 shares of the information technology service provider's stock after selling 33,215 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.28% of Cognizant Technology Solutions worth $113,750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CTSH. CIBC Bancorp USA Inc. acquired a new stake in shares of Cognizant Technology Solutions in the third quarter valued at approximately $201,834,000. Voloridge Investment Management LLC raised its position in shares of Cognizant Technology Solutions by 801.4% in the third quarter. Voloridge Investment Management LLC now owns 2,104,276 shares of the information technology service provider's stock valued at $141,134,000 after buying an additional 1,870,834 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Cognizant Technology Solutions by 144.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,631,890 shares of the information technology service provider's stock valued at $176,521,000 after buying an additional 1,554,648 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Cognizant Technology Solutions by 59.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,778,252 shares of the information technology service provider's stock valued at $253,407,000 after buying an additional 1,407,776 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Cognizant Technology Solutions by 8.6% in the third quarter. Invesco Ltd. now owns 12,534,198 shares of the information technology service provider's stock valued at $840,669,000 after buying an additional 987,395 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Cognizant Technology Solutions Stock Performance

NASDAQ CTSH opened at $60.53 on Tuesday. The firm's fifty day moving average price is $64.31 and its two-hundred day moving average price is $72.53. The stock has a market cap of $28.95 billion, a PE ratio of 13.30, a PEG ratio of 1.26 and a beta of 0.98. Cognizant Technology Solutions Corporation has a fifty-two week low of $57.39 and a fifty-two week high of $87.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.14 and a current ratio of 2.14.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.03. The firm had revenue of $5.33 billion for the quarter, compared to analysts' expectations of $5.31 billion. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The company's revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. On average, equities analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This is a boost from Cognizant Technology Solutions's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.2%. Cognizant Technology Solutions's payout ratio is presently 29.01%.

Insider Buying and Selling at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, insider Surya Gummadi sold 1,728 shares of the business's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $83.06, for a total transaction of $143,527.68. Following the sale, the insider owned 25,641 shares of the company's stock, valued at approximately $2,129,741.46. The trade was a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.32% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on CTSH shares. TD Cowen lowered their price objective on shares of Cognizant Technology Solutions from $85.00 to $71.00 and set a "hold" rating for the company in a research report on Friday, March 13th. Morgan Stanley boosted their price objective on shares of Cognizant Technology Solutions from $80.00 to $82.00 and gave the company an "equal weight" rating in a research report on Thursday, February 5th. Citigroup lowered their price objective on shares of Cognizant Technology Solutions from $86.00 to $68.00 and set a "neutral" rating for the company in a research report on Tuesday, April 7th. Guggenheim restated a "buy" rating and set a $100.00 price objective (up from $95.00) on shares of Cognizant Technology Solutions in a research report on Wednesday, January 28th. Finally, Susquehanna restated a "positive" rating and set a $98.00 price objective on shares of Cognizant Technology Solutions in a research report on Friday, January 23rd. Nine investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, Cognizant Technology Solutions presently has an average rating of "Hold" and an average price target of $85.47.

Cognizant Technology Solutions Profile

Cognizant Technology Solutions NASDAQ: CTSH is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.

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