Cognizant Technology Solutions Corporation $CTSH Shares Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. raised its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 129.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 20,241 shares of the information technology service provider’s stock after purchasing an additional 11,419 shares during the quarter. Fox Run Management L.L.C.’s holdings in Cognizant Technology Solutions were worth $1,680,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. TIAA Trust National Association raised its position in Cognizant Technology Solutions by 13.0% in the 4th quarter. TIAA Trust National Association now owns 8,665 shares of the information technology service provider’s stock valued at $719,000 after purchasing an additional 995 shares in the last quarter. Cerity Partners LLC raised its position in Cognizant Technology Solutions by 8.4% in the 4th quarter. Cerity Partners LLC now owns 98,343 shares of the information technology service provider’s stock valued at $8,163,000 after purchasing an additional 7,625 shares in the last quarter. LPL Financial LLC raised its position in Cognizant Technology Solutions by 2.5% in the 4th quarter. LPL Financial LLC now owns 293,208 shares of the information technology service provider’s stock valued at $24,336,000 after purchasing an additional 7,145 shares in the last quarter. Franklin Resources Inc. raised its position in Cognizant Technology Solutions by 4.4% in the 4th quarter. Franklin Resources Inc. now owns 3,440,056 shares of the information technology service provider’s stock valued at $285,525,000 after purchasing an additional 143,553 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Cognizant Technology Solutions by 73.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 181,604 shares of the information technology service provider’s stock valued at $15,073,000 after purchasing an additional 76,743 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

CTSH has been the topic of a number of analyst reports. Mizuho reduced their price target on Cognizant Technology Solutions from $87.00 to $68.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. HSBC reduced their price target on Cognizant Technology Solutions from $98.00 to $80.00 in a research report on Thursday, April 30th. Wells Fargo & Company dropped their price objective on Cognizant Technology Solutions from $98.00 to $83.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Jefferies Financial Group dropped their price objective on Cognizant Technology Solutions from $80.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Finally, Evercore dropped their price objective on Cognizant Technology Solutions from $100.00 to $70.00 in a report on Thursday, April 30th. Eleven 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, the stock presently has an average rating of “Hold” and an average price target of $73.50.

Cognizant Technology Solutions Trading Down 0.4%

CTSH opened at $52.99 on Tuesday. Cognizant Technology Solutions Corporation has a one year low of $45.48 and a one year high of $87.03. The company has a market cap of $25.11 billion, a P/E ratio of 11.52, a PEG ratio of 1.12 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. The business’s 50-day simple moving average is $55.49 and its 200-day simple moving average is $68.33.

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 analysts’ consensus estimates 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 the consensus estimate of $5.41 billion. During the same quarter in the prior year, the business posted $1.23 EPS. The business’s revenue for the quarter 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, equities research analysts expect that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The company also recently declared 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. This represents a $1.32 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.70%.

Cognizant Technology Solutions declared that its board has initiated a share repurchase 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 buy up to 9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.