Voya Investment Management LLC Purchases 25,462 Shares of Cognizant Technology Solutions Corporation $CTSH

Key Points

• Voya Investment Management LLC increased its stake in Cognizant Technology Solutions by 2.1%, acquiring a total of 1,225,265 shares worth approximately $93.7 million.
• Several other institutional investors also boosted their holdings in Cognizant, with notable increases including Ritholtz Wealth Management (up 21.0%) and Golden State Wealth Management (up 290.9%).
• Analysts have mixed views on Cognizant Technology Solutions, with five analysts rating the stock as a Buy and ten as a Hold, while the consensus price target is $86.79.

Voya Investment Management LLC increased its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 2.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,225,265 shares of the information technology service provider's stock after buying an additional 25,462 shares during the quarter. Voya Investment Management LLC owned 0.25% of Cognizant Technology Solutions worth $93,733,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CTSH. Brighton Jones LLC acquired a new stake in Cognizant Technology Solutions during the 4th quarter worth $214,000. Ensign Peak Advisors Inc raised its stake in shares of Cognizant Technology Solutions by 6.0% in the 4th quarter. Ensign Peak Advisors Inc now owns 39,452 shares of the information technology service provider's stock valued at $3,034,000 after purchasing an additional 2,240 shares during the period. Focus Partners Wealth raised its stake in shares of Cognizant Technology Solutions by 7.0% in the 4th quarter. Focus Partners Wealth now owns 18,446 shares of the information technology service provider's stock valued at $1,491,000 after purchasing an additional 1,202 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Cognizant Technology Solutions by 3.4% in the 4th quarter. Nuveen Asset Management LLC now owns 1,208,981 shares of the information technology service provider's stock valued at $92,971,000 after purchasing an additional 39,667 shares during the period. Finally, NorthRock Partners LLC acquired a new stake in shares of Cognizant Technology Solutions in the 4th quarter valued at about $526,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Cognizant Technology Solutions Stock Performance

Cognizant Technology Solutions stock traded up $0.19 during midday trading on Thursday, reaching $70.22. 1,037,852 shares of the company's stock were exchanged, compared to its average volume of 3,822,552. Cognizant Technology Solutions Corporation has a 52 week low of $65.52 and a 52 week high of $90.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.41. The firm has a market cap of $34.29 billion, a price-to-earnings ratio of 14.28, a P/E/G ratio of 1.44 and a beta of 0.93. The stock's 50-day simple moving average is $72.16 and its 200 day simple moving average is $75.62.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $5.25 billion during the quarter, compared to analysts' expectations of $5.17 billion. During the same quarter last year, the company posted $1.17 earnings per share. Cognizant Technology Solutions's quarterly revenue 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. On average, analysts expect that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were issued 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 dividend payout ratio (DPR) is presently 25.20%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CTSH. Guggenheim raised Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price target on the stock in a research note on Friday, July 18th. JPMorgan Chase & Co. dropped their price target on Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Wall Street Zen downgraded Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Evercore ISI started 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. Finally, Deutsche Bank Aktiengesellschaft started 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. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $86.79.

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.