Arbejdsmarkedets Tillaegspension Makes New $23.85 Million Investment in Cognizant Technology Solutions Corporation $CTSH

Arbejdsmarkedets Tillaegspension bought a new position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 287,325 shares of the information technology service provider’s stock, valued at approximately $23,848,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new stake in shares of Cognizant Technology Solutions in the fourth quarter valued at about $28,000. Physician Wealth Advisors Inc. increased its stake in shares of Cognizant Technology Solutions by 165.1% in the fourth quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock valued at $28,000 after buying an additional 213 shares during the period. Lodestone Wealth Management LLC acquired a new stake in shares of Cognizant Technology Solutions in the fourth quarter valued at about $28,000. Towne Trust Company N.A increased its stake in shares of Cognizant Technology Solutions by 85.0% in the fourth quarter. Towne Trust Company N.A now owns 370 shares of the information technology service provider’s stock valued at $31,000 after buying an additional 170 shares during the period. Finally, JPL Wealth Management LLC acquired a new stake in shares of Cognizant Technology Solutions in the third quarter valued at about $25,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Up 0.2%

Shares of NASDAQ:CTSH opened at $46.05 on Friday. The business’s 50 day simple moving average is $58.68 and its two-hundred day simple moving average is $70.65. The firm has a market cap of $21.82 billion, a P/E ratio of 10.01, a PEG ratio of 0.97 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 2.23. Cognizant Technology Solutions Corporation has a 52-week low of $45.48 and a 52-week high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.07. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same quarter in the prior year, the company earned $1.23 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, research analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.70%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CTSH shares. Morgan Stanley decreased their price target on Cognizant Technology Solutions from $70.00 to $63.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Citigroup reissued a “neutral” rating and issued a $58.00 price target (down from $68.00) on shares of Cognizant Technology Solutions in a research note on Thursday, April 30th. BMO Capital Markets decreased their price target on Cognizant Technology Solutions from $83.00 to $63.00 in a research note on Thursday, April 30th. Mizuho decreased their price target on Cognizant Technology Solutions from $87.00 to $68.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Finally, Evercore decreased their price target on Cognizant Technology Solutions from $100.00 to $70.00 in a research note on Thursday, April 30th. Ten equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, Cognizant Technology Solutions has a consensus rating of “Hold” and an average price target of $73.33.

Cognizant Technology Solutions Profile

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.