United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New $25.31 Million Investment in Cognizant Technology Solutions Corporation $CTSH

Key Points

• United Super Pty Ltd made a new investment in Cognizant Technology Solutions, buying 304,878 shares valued at about $25.31 million in the fourth quarter. The stake represented roughly 0.06% of the company.
• Cognizant reported better-than-expected quarterly earnings of $1.40 per share, with revenue of $5.41 billion and revenue growth of 5.8% year over year. The company also reiterated FY 2026 EPS guidance of $5.63 to $5.77.
• The board authorized a $2 billion stock buyback and the company paid a quarterly dividend of $0.33 per share, implying an annualized yield of about 2.5%. Analysts currently rate the stock a consensus Hold with an average price target of $73.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 304,878 shares of the information technology service provider's stock, valued at approximately $25,305,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned about 0.06% of Cognizant Technology Solutions at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Checchi Capital Advisers LLC increased its holdings in shares of Cognizant Technology Solutions by 3.4% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,852 shares of the information technology service provider's stock worth $320,000 after acquiring an additional 127 shares during the last quarter. Unison Advisors LLC increased its holdings in shares of Cognizant Technology Solutions by 0.5% during the 4th quarter. Unison Advisors LLC now owns 30,095 shares of the information technology service provider's stock worth $2,498,000 after acquiring an additional 138 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Cognizant Technology Solutions by 7.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,130 shares of the information technology service provider's stock worth $177,000 after acquiring an additional 143 shares during the last quarter. Security National Bank of SO Dak increased its holdings in shares of Cognizant Technology Solutions by 0.6% during the 2nd quarter. Security National Bank of SO Dak now owns 24,635 shares of the information technology service provider's stock worth $1,922,000 after acquiring an additional 150 shares during the last quarter. Finally, Haven Private LLC increased its holdings in shares of Cognizant Technology Solutions by 1.9% during the 3rd quarter. Haven Private LLC now owns 8,451 shares of the information technology service provider's stock worth $567,000 after acquiring an additional 157 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Cognizant Technology Solutions Stock Performance

NASDAQ:CTSH opened at $53.85 on Friday. The stock has a fifty day moving average price of $56.40 and a 200-day moving average price of $69.23. The company has a market cap of $25.52 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.12 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 2.23. Cognizant Technology Solutions Corporation has a fifty-two week low of $45.48 and a fifty-two week high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.07. The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.41 billion. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The company's revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, equities analysts anticipate that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current fiscal year.

Cognizant Technology Solutions announced that its Board of Directors has authorized a stock repurchase program on Monday, May 18th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the information technology service provider to purchase up to 9% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Cognizant Technology Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, May 18th. Cognizant Technology Solutions's dividend payout ratio is currently 28.70%.

Analysts Set New Price Targets

CTSH has been the topic of a number of recent analyst reports. Wedbush decreased their target price on Cognizant Technology Solutions from $61.00 to $56.00 and set a "neutral" rating on the stock in a report on Thursday, April 30th. Wells Fargo & Company decreased their target price on Cognizant Technology Solutions from $98.00 to $83.00 and set an "overweight" rating on the stock in a report on Thursday, April 30th. Citigroup decreased their target price on Cognizant Technology Solutions from $58.00 to $51.00 and set a "neutral" rating on the stock in a report on Friday, May 15th. Royal Bank Of Canada boosted their price target on Cognizant Technology Solutions from $82.00 to $88.00 and gave the company a "sector perform" rating in a research note on Thursday, February 5th. Finally, Evercore reduced their price target on Cognizant Technology Solutions from $100.00 to $70.00 in a research note on Thursday, April 30th. Ten research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $73.00.

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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