Yousif Capital Management LLC Trims Stock Position in Cognizant Technology Solutions Corporation $CTSH

Yousif Capital Management LLC lowered its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 11.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,290 shares of the information technology service provider's stock after selling 9,204 shares during the quarter. Yousif Capital Management LLC's holdings in Cognizant Technology Solutions were worth $5,563,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pzena Investment Management LLC increased its holdings in Cognizant Technology Solutions by 2.2% in the 2nd quarter. Pzena Investment Management LLC now owns 17,450,691 shares of the information technology service provider's stock worth $1,361,677,000 after acquiring an additional 375,619 shares in the last quarter. Board of the Pension Protection Fund increased its holdings in Cognizant Technology Solutions by 385.7% in the 2nd quarter. Board of the Pension Protection Fund now owns 13,600 shares of the information technology service provider's stock worth $1,061,000 after acquiring an additional 10,800 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in Cognizant Technology Solutions by 7.0% in the 2nd quarter. Apollon Wealth Management LLC now owns 15,040 shares of the information technology service provider's stock worth $1,174,000 after acquiring an additional 979 shares in the last quarter. Louisbourg Investments Inc. increased its holdings in Cognizant Technology Solutions by 7.5% in the 2nd quarter. Louisbourg Investments Inc. now owns 80,236 shares of the information technology service provider's stock worth $6,261,000 after acquiring an additional 5,600 shares in the last quarter. Finally, Aberdeen Group plc increased its holdings in Cognizant Technology Solutions by 6.4% in the 2nd quarter. Aberdeen Group plc now owns 438,507 shares of the information technology service provider's stock worth $34,111,000 after acquiring an additional 26,241 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Stock Performance

CTSH stock opened at $67.27 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41. The business has a 50-day moving average price of $69.45 and a 200 day moving average price of $73.92. The company has a market capitalization of $32.85 billion, a P/E ratio of 13.67, a PEG ratio of 1.38 and a beta of 0.95. Cognizant Technology Solutions Corporation has a 1-year low of $65.17 and a 1-year high of $90.82.

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 for the quarter, topping analysts' consensus estimates of $1.26 by $0.05. The business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.17 billion. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The company's revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.17 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 18th were paid 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 is presently 25.20%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CTSH shares. Evercore ISI started coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an "outperform" rating and a $100.00 target price for the company. Wall Street Zen lowered shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. cut their price objective on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Cognizant Technology Solutions in a research report on Wednesday, October 8th. Finally, Guggenheim upgraded Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price target for the company in a research report on Friday, July 18th. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price 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.

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