Natixis Advisors LLC Reduces Holdings in Cognizant Technology Solutions Corporation $CTSH

Natixis Advisors LLC trimmed its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 29.0% in the 4th quarter, Holdings Channel reports. The firm owned 402,353 shares of the information technology service provider’s stock after selling 164,456 shares during the period. Natixis Advisors LLC’s holdings in Cognizant Technology Solutions were worth $33,395,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Cognizant Technology Solutions in the 4th quarter valued at $690,959,000. CIBC Bancorp USA Inc. purchased a new stake in Cognizant Technology Solutions in the 3rd quarter valued at $201,834,000. Voloridge Investment Management LLC grew its holdings in Cognizant Technology Solutions by 801.4% in the 3rd quarter. Voloridge Investment Management LLC now owns 2,104,276 shares of the information technology service provider’s stock valued at $141,134,000 after buying an additional 1,870,834 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Cognizant Technology Solutions by 144.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,631,890 shares of the information technology service provider’s stock valued at $176,521,000 after buying an additional 1,554,648 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in Cognizant Technology Solutions in the 4th quarter valued at $84,574,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Stock Performance

Shares of Cognizant Technology Solutions stock opened at $53.40 on Friday. Cognizant Technology Solutions Corporation has a 52 week low of $45.48 and a 52 week high of $87.03. The business’s fifty day simple moving average is $55.78 and its 200-day simple moving average is $68.59. The firm has a market cap of $25.30 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.13 and a beta of 0.81. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results 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 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 posted $1.23 EPS. 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. Equities analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current year.

Cognizant Technology Solutions declared that its board has initiated a stock buyback program on Monday, May 18th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the information technology service provider to reacquire up to 9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Cognizant Technology Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.32 annualized dividend and a yield of 2.5%. Cognizant Technology Solutions’s dividend payout ratio is presently 28.70%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CTSH. Evercore dropped their target price on Cognizant Technology Solutions from $100.00 to $70.00 in a report on Thursday, April 30th. Berenberg Bank dropped their target price on Cognizant Technology Solutions from $107.00 to $81.00 and set a “buy” rating for the company in a report on Monday, May 11th. Morgan Stanley decreased their price target on Cognizant Technology Solutions from $70.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Citigroup decreased their price target on Cognizant Technology Solutions from $58.00 to $51.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Finally, The Goldman Sachs Group set a $75.00 price target on Cognizant Technology Solutions in a research note on Wednesday, April 29th. Ten analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $72.68.

Cognizant Technology Solutions Company 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.