Banque Cantonale Vaudoise Purchases 15,882 Shares of Cognizant Technology Solutions Corporation $CTSH

Banque Cantonale Vaudoise grew its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 99.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,776 shares of the information technology service provider’s stock after purchasing an additional 15,882 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Cognizant Technology Solutions were worth $2,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Checchi Capital Advisers LLC boosted its position in shares of Cognizant Technology Solutions by 3.4% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,852 shares of the information technology service provider’s stock worth $320,000 after purchasing an additional 127 shares during the period. Unison Advisors LLC boosted its position in shares of Cognizant Technology Solutions by 0.5% in the fourth quarter. Unison Advisors LLC now owns 30,095 shares of the information technology service provider’s stock worth $2,498,000 after purchasing an additional 138 shares during the period. TD Waterhouse Canada Inc. boosted its position in shares of Cognizant Technology Solutions by 7.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,130 shares of the information technology service provider’s stock worth $177,000 after purchasing an additional 143 shares during the period. Security National Bank of SO Dak boosted its position in shares of Cognizant Technology Solutions by 0.6% during the second quarter. Security National Bank of SO Dak now owns 24,635 shares of the information technology service provider’s stock worth $1,922,000 after acquiring an additional 150 shares during the last quarter. Finally, Haven Private LLC boosted its position in shares of Cognizant Technology Solutions by 1.9% during the third quarter. Haven Private LLC now owns 8,451 shares of the information technology service provider’s stock worth $567,000 after acquiring an additional 157 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Price Performance

CTSH stock opened at $51.28 on Thursday. Cognizant Technology Solutions Corporation has a 52 week low of $45.48 and a 52 week high of $87.03. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.04. The company has a fifty day simple moving average of $57.46 and a two-hundred day simple moving average of $70.09. The firm has a market capitalization of $24.30 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 1.07 and a beta of 0.81.

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

Cognizant Technology Solutions declared that its board has approved a stock buyback plan on Monday, May 18th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the information technology service provider to reacquire up to 9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Cognizant Technology Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th will be given a dividend of $0.33 per share. The ex-dividend date is Monday, May 18th. This represents a $1.32 annualized dividend and a yield of 2.6%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.70%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CTSH. Citigroup dropped their target price on shares of Cognizant Technology Solutions from $58.00 to $51.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Argus upgraded shares of Cognizant Technology Solutions to a “hold” rating in a research report on Tuesday, February 10th. Evercore dropped their target price on shares of Cognizant Technology Solutions from $100.00 to $70.00 in a research report on Thursday, April 30th. UBS Group dropped their target price on shares of Cognizant Technology Solutions from $60.00 to $55.00 in a research report on Monday, May 11th. Finally, Susquehanna dropped their target price on shares of Cognizant Technology Solutions from $98.00 to $88.00 and set a “positive” rating for the company in a research report on Friday, May 1st. 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $73.00.

About Cognizant Technology Solutions

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.