Howard Capital Management LLC Purchases 88,220 Shares of Cognizant Technology Solutions Corporation $CTSH

Howard Capital Management LLC raised its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 152.1% during the third quarter, Holdings Channel reports. The firm owned 146,216 shares of the information technology service provider’s stock after purchasing an additional 88,220 shares during the period. Howard Capital Management LLC’s holdings in Cognizant Technology Solutions were worth $8,399,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CTSH. Marquette Asset Management LLC boosted its position in Cognizant Technology Solutions by 183.9% during the third quarter. Marquette Asset Management LLC now owns 545 shares of the information technology service provider’s stock valued at $31,000 after acquiring an additional 353 shares during the last quarter. Signature Equity Partners LLC raised its position in shares of Cognizant Technology Solutions by 102.4% in the 1st quarter. Signature Equity Partners LLC now owns 599 shares of the information technology service provider’s stock worth $37,000 after acquiring an additional 303 shares in the last quarter. Reflection Asset Management bought a new position in shares of Cognizant Technology Solutions in the 4th quarter worth about $40,000. MV Capital Management Inc. acquired a new position in shares of Cognizant Technology Solutions in the 4th quarter valued at about $42,000. Finally, SJS Investment Consulting Inc. lifted its stake in shares of Cognizant Technology Solutions by 1,580.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 840 shares of the information technology service provider’s stock valued at $52,000 after purchasing an additional 790 shares during the period. 92.44% of the stock is owned by institutional investors.

Cognizant Technology Solutions Stock Up 0.4%

Cognizant Technology Solutions stock traded up $0.26 during midday trading on Friday, reaching $66.03. The stock had a trading volume of 5,323,537 shares, compared to its average volume of 7,169,654. The company has a fifty day moving average price of $60.47 and a two-hundred day moving average price of $54.46. Cognizant Technology Solutions Corporation has a 12 month low of $37.08 and a 12 month high of $87.03. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $29.74 billion, a P/E ratio of 14.20, a PEG ratio of 1.23 and a beta of 0.86.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.01). Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%. The firm had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the company posted $1.31 EPS. The firm’s 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. As a group, equities analysts expect that Cognizant Technology Solutions Corporation will post 5.74 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 18th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Tuesday, August 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.39%.

Analysts Set New Price Targets

Several equities research analysts recently commented on CTSH shares. JPMorgan Chase & Co. cut their target price 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cognizant Technology Solutions in a report on Friday, August 7th. Robert W. Baird set a $68.00 price target on Cognizant Technology Solutions in a research note on Thursday, July 30th. Royal Bank Of Canada set a $55.00 price target on Cognizant Technology Solutions in a report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $70.00 price objective (up from $65.00) on shares of Cognizant Technology Solutions in a research report on Friday, September 18th. Ten investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cognizant Technology Solutions has an average rating of “Hold” and a consensus price target of $64.70.

Cognizant Technology Solutions Profile

Cognizant Technology Solutions Corporation (NASDAQ: CTSH) is a global professional services and information technology company that helps businesses modernize their operations and technology infrastructure. Its services include IT consulting, systems integration, application development and modernization, cloud computing, data and analytics, artificial intelligence, cybersecurity, and digital engineering.

The company also provides business process services and industry-specific solutions for sectors such as financial services, healthcare, life sciences, manufacturing, retail, communications, and information technology.