WINTON GROUP Ltd Acquires New Shares in Cognizant Technology Solutions Corporation $CTSH

Key Points

• Winton Group acquired 92,776 shares of Cognizant Technology Solutions worth approximately $3.6 million during the second quarter. Institutional investors collectively own 92.44% of CTSH.
• Analysts maintain a consensus “Hold” rating with a $63 target price, while individual ratings range from “Buy” to “Sell.” The stock recently opened at $58.32.
• Cognizant reported $5.48 billion in quarterly revenue, up 4.5% year over year, but narrowly missed EPS estimates. The company also pays a $0.33 quarterly dividend and authorized a $2 billion share-repurchase program.

WINTON GROUP Ltd bought a new stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 92,776 shares of the information technology service provider's stock, valued at approximately $3,593,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CTSH. California State Teachers Retirement System boosted its position in Cognizant Technology Solutions by 3,538.3% in the second quarter. California State Teachers Retirement System now owns 26,880,130 shares of the information technology service provider's stock valued at $1,041,067,000 after buying an additional 26,141,316 shares in the last quarter. Norges Bank acquired a new position in shares of Cognizant Technology Solutions during the fourth quarter worth $690,959,000. GQG Partners LLC acquired a new position in shares of Cognizant Technology Solutions during the fourth quarter worth $673,651,000. Assenagon Asset Management S.A. lifted its stake in shares of Cognizant Technology Solutions by 925.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,652,358 shares of the information technology service provider's stock valued at $141,456,000 after acquiring an additional 3,296,205 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of Cognizant Technology Solutions during the 4th quarter valued at $234,671,000. Institutional investors own 92.44% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CTSH. Weiss Ratings restated a "hold (c-)" rating on shares of Cognizant Technology Solutions in a research report on Friday, August 7th. Guggenheim restated a "buy" rating and set a $65.00 price target (down from $80.00) on shares of Cognizant Technology Solutions in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft set a $55.00 target price on Cognizant Technology Solutions in a research note on Friday, July 10th. Morgan Stanley restated a "negative" rating and set a $51.00 price target (up from $44.00) on shares of Cognizant Technology Solutions in a research note on Thursday, July 30th. Finally, Citigroup reissued a "neutral" rating and set a $60.00 price objective (up from $45.00) on shares of Cognizant Technology Solutions in a report on Thursday, July 30th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $63.00.

Cognizant Technology Solutions Stock Performance

NASDAQ:CTSH opened at $58.32 on Friday. Cognizant Technology Solutions Corporation has a 52-week low of $37.08 and a 52-week high of $87.03. The firm has a market cap of $26.27 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 1.09 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.18 and a current ratio of 2.18. The business's fifty day moving average is $54.06 and its 200 day moving average is $54.83.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The information technology service provider reported $1.37 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.01). Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The firm had revenue of $5.48 billion for the quarter, compared to analysts' expectations of $5.48 billion. During the same period in the prior year, the firm posted $1.31 EPS. Cognizant Technology Solutions's revenue was up 4.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. Research analysts predict that Cognizant Technology Solutions Corporation will post 5.71 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 18th were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.32 annualized dividend and a yield of 2.3%. Cognizant Technology Solutions's payout ratio is currently 28.39%.

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

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation is a professional services and information technology company that helps organizations modernize their technology infrastructure, operations and customer experiences. The company provides consulting, systems integration, application development and maintenance, and business process services to clients across industries.

Its offerings include cloud enablement, software engineering, data and analytics, artificial intelligence, cybersecurity, automation and digital workplace solutions.

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