UniSuper Management Pty Ltd Increases Position in Cognizant Technology Solutions Corporation $CTSH

Key Points

• UniSuper Management Pty Ltd increased its holdings in Cognizant Technology Solutions Corporation by 3.9% during the first quarter, owning a total of 108,566 shares worth approximately $8.31 million.
• Several institutional investors have also raised their holdings in Cognizant, including Goldman Sachs which increased by 117.5%, acquiring over 3.67 million shares.
• Cognizant recently reported earnings of $1.31 per share, surpassing estimates, with a revenue increase of 8.1% compared to the same quarter last year.

UniSuper Management Pty Ltd grew its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,566 shares of the information technology service provider's stock after acquiring an additional 4,100 shares during the period. UniSuper Management Pty Ltd's holdings in Cognizant Technology Solutions were worth $8,305,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. CoreCap Advisors LLC grew its holdings in Cognizant Technology Solutions by 21.5% during the 4th quarter. CoreCap Advisors LLC now owns 711 shares of the information technology service provider's stock worth $55,000 after acquiring an additional 126 shares during the period. Connecticut Wealth Management LLC grew its holdings in Cognizant Technology Solutions by 0.8% during the 4th quarter. Connecticut Wealth Management LLC now owns 17,650 shares of the information technology service provider's stock worth $1,357,000 after acquiring an additional 138 shares during the period. Conning Inc. grew 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 worth $271,000 after acquiring an additional 149 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Cognizant Technology Solutions by 1.7% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,733 shares of the information technology service provider's stock worth $668,000 after acquiring an additional 149 shares during the period. Finally, Private Trust Co. NA grew its holdings in Cognizant Technology Solutions by 8.6% during the 1st quarter. Private Trust Co. NA now owns 1,913 shares of the information technology service provider's stock worth $146,000 after acquiring an additional 151 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CTSH shares. Wall Street Zen downgraded Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. 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 target price for the company. Evercore ISI assumed coverage on Cognizant Technology Solutions in a research note 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 target price for the company in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. reduced their target price on Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $86.79.

Cognizant Technology Solutions Stock Down 2.0%

CTSH stock traded down $1.38 during mid-day trading on Friday, reaching $69.17. 4,099,216 shares of the company traded hands, compared to its average volume of 3,347,821. The stock has a market cap of $33.78 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 1.47 and a beta of 0.93. 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 Corporation has a fifty-two week low of $65.52 and a fifty-two week high of $90.82. The firm's 50 day moving average price is $72.83 and its 200 day moving average price is $75.86.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.26 by $0.05. The business had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.17 billion. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The company's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 EPS. 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 predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

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

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.