Portfolio Design Labs LLC Increases Position in Cognizant Technology Solutions Corporation $CTSH

Portfolio Design Labs LLC lifted its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 53.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,133 shares of the information technology service provider’s stock after buying an additional 11,257 shares during the period. Portfolio Design Labs LLC’s holdings in Cognizant Technology Solutions were worth $2,667,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Temasek Holdings Private Ltd purchased a new position in shares of Cognizant Technology Solutions in the 3rd quarter worth approximately $55,217,000. OFI Invest Asset Management purchased a new position in shares of Cognizant Technology Solutions in the 4th quarter worth approximately $8,421,000. LSV Asset Management raised its holdings in shares of Cognizant Technology Solutions by 4.3% in the 3rd quarter. LSV Asset Management now owns 1,749,490 shares of the information technology service provider’s stock worth $117,338,000 after purchasing an additional 71,711 shares during the period. Todd Asset Management LLC raised its holdings in shares of Cognizant Technology Solutions by 23.7% in the 3rd quarter. Todd Asset Management LLC now owns 548,763 shares of the information technology service provider’s stock worth $36,806,000 after purchasing an additional 105,197 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Cognizant Technology Solutions by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 60,348,442 shares of the information technology service provider’s stock worth $4,047,570,000 after purchasing an additional 493,912 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Trading Down 0.1%

Shares of CTSH stock opened at $52.94 on Wednesday. The company’s fifty day simple moving average is $55.36 and its two-hundred day simple moving average is $68.19. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.23 and a quick ratio of 2.23. Cognizant Technology Solutions Corporation has a 1 year low of $45.48 and a 1 year high of $87.03. The stock has a market capitalization of $25.09 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 1.12 and a beta of 0.81.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.41 billion. During the same quarter in the previous year, the firm posted $1.23 EPS. The business’s revenue for the quarter 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. As a group, analysts anticipate that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current year.

Cognizant Technology Solutions announced that its Board of Directors has initiated a share repurchase plan on Monday, May 18th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the information technology service provider to reacquire up to 9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Cognizant Technology Solutions Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wedbush raised shares of Cognizant Technology Solutions from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $56.00 to $70.00 in a report on Monday. BMO Capital Markets lowered their price target on shares of Cognizant Technology Solutions from $83.00 to $63.00 in a report on Thursday, April 30th. JPMorgan Chase & Co. lowered their price target on shares of Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. HSBC lowered their price target on shares of Cognizant Technology Solutions from $98.00 to $80.00 in a report on Thursday, April 30th. Finally, Robert W. Baird set a $72.00 price target on shares of Cognizant Technology Solutions and gave the stock a “neutral” rating in a report on Friday, April 10th. Eleven investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $73.50.

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.