USS Investment Management Ltd Has $6.33 Million Holdings in Cognizant Technology Solutions Corporation $CTSH

Key Points

• USS Investment Management Ltd has reduced its holdings in Cognizant Technology Solutions (CTSH) by 25.4%, selling 28,200 shares during the first quarter, leaving them with 82,799 shares valued at approximately $6.33 million.
• Institutional investors dominate Cognizant's stock ownership, holding 92.44%, with notable increases from firms like Goldman Sachs, which grew its stake by 117.5%, now owning nearly 6.8 million shares.
• Cognizant Technology Solutions reported earnings of $1.31 per share for the last quarter, exceeding analyst expectations, with significant year-over-year revenue growth of 8.1%.

USS Investment Management Ltd reduced its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 25.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,799 shares of the information technology service provider's stock after selling 28,200 shares during the period. USS Investment Management Ltd's holdings in Cognizant Technology Solutions were worth $6,332,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CTSH. Park Square Financial Group LLC purchased a new stake in Cognizant Technology Solutions in the 4th quarter worth about $36,000. CoreCap Advisors LLC increased its position in Cognizant Technology Solutions by 21.5% in the 4th quarter. CoreCap Advisors LLC now owns 711 shares of the information technology service provider's stock worth $55,000 after purchasing an additional 126 shares during the last quarter. Pinney & Scofield Inc. acquired a new position in Cognizant Technology Solutions in the 4th quarter worth about $55,000. WPG Advisers LLC acquired a new position in Cognizant Technology Solutions in the 1st quarter worth about $61,000. Finally, Zions Bancorporation National Association UT acquired a new position in Cognizant Technology Solutions in the 1st quarter worth about $66,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CTSH has been the topic of several research reports. Evercore ISI initiated coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued an "outperform" rating and a $100.00 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued a "hold" rating and a $80.00 target price on the stock. Wall Street Zen lowered Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Guggenheim raised 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. Finally, JPMorgan Chase & Co. lowered 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. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, Cognizant Technology Solutions presently has an average rating of "Hold" and a consensus target price of $86.79.

Cognizant Technology Solutions Stock Performance

NASDAQ CTSH traded down $1.38 during trading on Friday, hitting $69.17. The company's stock had a trading volume of 4,099,216 shares, compared to its average volume of 3,347,821. Cognizant Technology Solutions Corporation has a 52 week low of $65.52 and a 52 week high of $90.82. The firm has a market cap of $33.78 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 1.47 and a beta of 0.93. The firm has a 50 day moving average price of $72.83 and a 200 day moving average price of $75.86. 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 (NASDAQ:CTSH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $5.17 billion. During the same period in the previous year, the company posted $1.17 earnings per share. The company's quarterly revenue was up 8.1% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. Equities research analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 18th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions's dividend payout ratio (DPR) is presently 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.