Cognizant Technology Solutions Corporation $CTSH Shares Purchased by Polianta Ltd

Polianta Ltd raised its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 82.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 44,700 shares of the information technology service provider’s stock after acquiring an additional 20,200 shares during the period. Polianta Ltd’s holdings in Cognizant Technology Solutions were worth $1,731,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CTSH. Flagship Harbor Advisors LLC acquired a new stake in shares of Cognizant Technology Solutions during the fourth quarter worth $28,000. Physician Wealth Advisors Inc. increased 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 worth $28,000 after purchasing an additional 213 shares in the last quarter. Prosperity Bancshares Inc acquired a new stake in Cognizant Technology Solutions during the 4th quarter worth about $29,000. Towne Trust Company N.A lifted its stake in Cognizant Technology Solutions by 85.0% during the fourth quarter. Towne Trust Company N.A now owns 370 shares of the information technology service provider’s stock valued at $31,000 after buying an additional 170 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new position in shares of Cognizant Technology Solutions in the third quarter worth about $25,000. 92.44% of the stock is owned by institutional investors.

Cognizant Technology Solutions Trading Up 1.4%

Shares of NASDAQ:CTSH opened at $57.67 on Friday. The stock has a market capitalization of $25.98 billion, a PE ratio of 12.40, a P/E/G ratio of 1.16 and a beta of 0.82. Cognizant Technology Solutions Corporation has a 1 year low of $37.08 and a 1 year high of $87.03. The firm has a fifty day moving average price of $47.50 and a 200 day moving average price of $57.55. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.11.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.01). Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The company had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the business earned $1.31 earnings per share. Cognizant Technology Solutions’s quarterly revenue was up 4.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. Analysts expect that Cognizant Technology Solutions Corporation will post 5.71 EPS for the current fiscal year.

Cognizant Technology Solutions announced that its Board of Directors has initiated a share repurchase program 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 reacquire up to 9% of its shares through open market purchases. Shares buyback programs are typically 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 will be paid on Tuesday, August 25th. Investors of record on Tuesday, August 18th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, August 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.39%.

Wall Street Analyst Weigh In

CTSH has been the subject of several research analyst reports. Robert W. Baird set a $68.00 price target on shares of Cognizant Technology Solutions in a research report on Thursday, July 30th. Susquehanna set a $82.00 target price on shares of Cognizant Technology Solutions and gave the company a “positive” rating in a research note on Thursday, July 30th. UBS Group reduced their target price on Cognizant Technology Solutions from $60.00 to $55.00 in a report on Monday, May 11th. Morgan Stanley reaffirmed a “negative” rating and issued a $51.00 target price (up from $44.00) on shares of Cognizant Technology Solutions in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. dropped their price target on Cognizant Technology Solutions from $74.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Cognizant Technology Solutions presently has a consensus rating of “Hold” and an average target price of $63.00.

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.