Twin Tree Management LP Has $2.98 Million Stock Position in Cognizant Technology Solutions Corporation $CTSH

Key Points

• Twin Tree Management LP has reduced its holdings in Cognizant Technology Solutions by 15.8%, now owning 38,992 shares worth approximately $2.98 million.
• Several institutional investors, including Goldman Sachs and Invesco, have increased their stakes in Cognizant during the first quarter, indicating a mixed interest from investors.
• Cognizant reported a quarterly earnings per share (EPS) of $1.31, surpassing expectations, and set its FY 2025 guidance at 5.080-5.220 EPS.

Twin Tree Management LP reduced its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 15.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,992 shares of the information technology service provider's stock after selling 7,301 shares during the quarter. Twin Tree Management LP's holdings in Cognizant Technology Solutions were worth $2,983,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CTSH. Goldman Sachs Group Inc. boosted its holdings in shares of Cognizant Technology Solutions by 117.5% during the first quarter. Goldman Sachs Group Inc. now owns 6,805,893 shares of the information technology service provider's stock worth $520,651,000 after purchasing an additional 3,677,145 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Cognizant Technology Solutions by 2,585.0% during the first 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 period. AE Industrial Partners LP acquired a new stake in shares of Cognizant Technology Solutions during the fourth quarter worth approximately $113,088,000. Invesco Ltd. boosted its holdings in shares of Cognizant Technology Solutions by 13.3% during the first 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 period. Finally, Nuveen LLC acquired a new stake in shares of Cognizant Technology Solutions during the first quarter worth approximately $90,194,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Evercore ISI assumed coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an "outperform" rating and a $100.00 price objective on the stock. 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 objective on the stock. Guggenheim upgraded Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price objective on the stock in a report on Friday, July 18th. JPMorgan Chase & Co. dropped their price objective on Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Finally, Wall Street Zen downgraded Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Five analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, Cognizant Technology Solutions presently has an average rating of "Hold" and an average price target of $86.07.

Cognizant Technology Solutions Stock Performance

CTSH traded up $0.37 on Friday, hitting $71.82. The company had a trading volume of 3,981,926 shares, compared to its average volume of 3,438,767. The company's fifty day moving average price is $73.73 and its 200 day moving average price is $76.46. Cognizant Technology Solutions Corporation has a 1-year low of $65.52 and a 1-year 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. The stock has a market cap of $35.08 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 1.49 and a beta of 0.93.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share 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 during the quarter, compared to analyst estimates of $5.17 billion. During the same period in the previous year, the company earned $1.17 EPS. The company'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. Equities analysts predict that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were issued 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 1.7%. Cognizant Technology Solutions's dividend payout ratio (DPR) is 25.20%.

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.