Louisbourg Investments Inc. Sells 15,689 Shares of Cognizant Technology Solutions Corporation $CTSH

Louisbourg Investments Inc. lowered its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 16.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,029 shares of the information technology service provider’s stock after selling 15,689 shares during the period. Louisbourg Investments Inc.’s holdings in Cognizant Technology Solutions were worth $4,787,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. JPL Wealth Management LLC purchased a new stake in shares of Cognizant Technology Solutions during the third quarter valued at approximately $25,000. Lodestone Wealth Management LLC purchased a new position in Cognizant Technology Solutions in the fourth quarter worth $28,000. Flagship Harbor Advisors LLC purchased a new position in Cognizant Technology Solutions in the fourth quarter worth $28,000. Physician Wealth Advisors Inc. grew its stake in Cognizant Technology Solutions by 165.1% in the 4th quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock valued at $28,000 after purchasing an additional 213 shares during the period. Finally, Prosperity Bancshares Inc purchased a new stake in shares of Cognizant Technology Solutions during the 4th quarter valued at $29,000. 92.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CTSH. Daiwa Securities Group dropped their target price on shares of Cognizant Technology Solutions from $65.00 to $42.00 and set a “neutral” rating on the stock in a research note on Wednesday. Berenberg Bank set a $59.00 price target on shares of Cognizant Technology Solutions and gave the stock a “hold” rating in a report on Wednesday, June 17th. The Goldman Sachs Group set a $75.00 price objective on Cognizant Technology Solutions in a research note on Wednesday, April 29th. UBS Group decreased their target price on Cognizant Technology Solutions from $60.00 to $55.00 in a research report on Monday, May 11th. Finally, Nomura boosted their target price on Cognizant Technology Solutions from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Ten investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Cognizant Technology Solutions currently has an average rating of “Hold” and a consensus target price of $69.70.

Cognizant Technology Solutions Stock Up 2.2%

Cognizant Technology Solutions stock opened at $40.03 on Friday. The firm has a 50 day simple moving average of $51.46 and a 200 day simple moving average of $65.41. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 1-year low of $38.97 and a 1-year high of $87.03. The firm has a market capitalization of $18.97 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 0.84 and a beta of 0.81.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its 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 firm 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 earnings per share. The business’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. On average, analysts predict that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current year.

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

Cognizant Technology Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors 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 3.3%. Cognizant Technology Solutions’s dividend payout ratio is 28.70%.

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.