Vest Financial LLC Acquires 13,861 Shares of Cognizant Technology Solutions Corporation $CTSH

Key Points

• Vest Financial LLC increased its holdings in Cognizant Technology Solutions by 2.8%, acquiring an additional 13,861 shares during the second quarter, bringing its total to 517,299 shares worth approximately $40.4 million.
• Recent analyst ratings for Cognizant Technology Solutions show a mix of opinions, with five analysts rating it as a Buy and eleven as a Hold, while the average target price is $86.79.
• Cognizant recently declared a quarterly dividend of $0.31 per share, reflecting an annual yield of 1.9% and a payout ratio of 25.20%.

Vest Financial LLC grew its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 517,299 shares of the information technology service provider's stock after acquiring an additional 13,861 shares during the quarter. Vest Financial LLC owned about 0.10% of Cognizant Technology Solutions worth $40,365,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Hilltop National Bank bought a new stake in shares of Cognizant Technology Solutions during the 2nd quarter valued at about $27,000. Geneos Wealth Management Inc. lifted its position in Cognizant Technology Solutions by 118.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider's stock worth $44,000 after buying an additional 309 shares during the last quarter. WPG Advisers LLC bought a new stake in Cognizant Technology Solutions in the 1st quarter worth approximately $61,000. Zions Bancorporation National Association UT bought a new stake in Cognizant Technology Solutions in the 1st quarter worth approximately $66,000. Finally, Golden State Wealth Management LLC lifted its position in Cognizant Technology Solutions by 290.9% in the 1st quarter. Golden State Wealth Management LLC now owns 899 shares of the information technology service provider's stock worth $69,000 after buying an additional 669 shares during the last quarter. Institutional investors own 92.44% of the company's stock.

Wall Street Analyst Weigh In

CTSH has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued a "hold" rating and a $80.00 target price for the company. Wall Street Zen downgraded Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. 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 for the company. JPMorgan Chase & Co. lowered their price objective on Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Cognizant Technology Solutions in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $86.79.

Cognizant Technology Solutions Price Performance

CTSH opened at $65.80 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.41. Cognizant Technology Solutions Corporation has a 52-week low of $65.17 and a 52-week high of $90.82. The stock has a market capitalization of $32.14 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 1.37 and a beta of 0.95. The stock's 50 day moving average price is $69.60 and its 200-day moving average price is $74.03.

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 (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 analysts' expectations of $5.17 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. The business's 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. On average, equities research analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions's dividend payout ratio is presently 25.20%.

About Cognizant Technology Solutions

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.