Cognizant Technology Solutions Corporation $CTSH Shares Purchased by Pzena Investment Management LLC

Pzena Investment Management LLC raised its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,710,868 shares of the information technology service provider’s stock after purchasing an additional 260,177 shares during the period. Cognizant Technology Solutions accounts for approximately 3.9% of Pzena Investment Management LLC’s holdings, making the stock its 7th biggest holding. Pzena Investment Management LLC owned about 3.63% of Cognizant Technology Solutions worth $1,187,868,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Cognizant Technology Solutions in the 2nd quarter valued at approximately $487,526,000. Massachusetts Financial Services Co. MA raised its holdings in Cognizant Technology Solutions by 59.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,778,252 shares of the information technology service provider’s stock worth $253,407,000 after buying an additional 1,407,776 shares during the period. Worldquant Millennium Advisors LLC bought a new position in Cognizant Technology Solutions in the second quarter valued at approximately $59,176,000. Vanguard Group Inc. boosted its holdings in shares of Cognizant Technology Solutions by 1.3% in the second quarter. Vanguard Group Inc. now owns 59,854,530 shares of the information technology service provider’s stock valued at $4,670,449,000 after buying an additional 746,732 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Cognizant Technology Solutions by 54.3% during the second quarter. Canada Pension Plan Investment Board now owns 1,705,729 shares of the information technology service provider’s stock worth $133,098,000 after acquiring an additional 600,208 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

CTSH has been the subject of a number of research reports. Weiss Ratings upgraded Cognizant Technology Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Royal Bank Of Canada upped their price objective on Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 5th. Susquehanna reissued a “positive” rating and issued a $98.00 target price on shares of Cognizant Technology Solutions in a research report on Friday, January 23rd. Argus raised Cognizant Technology Solutions to a “hold” rating in a research report on Tuesday, February 10th. Finally, Citigroup reiterated a “neutral” rating and issued a $86.00 price objective (up from $75.00) on shares of Cognizant Technology Solutions in a report on Thursday, January 22nd. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, Cognizant Technology Solutions has a consensus rating of “Hold” and an average target price of $90.17.

Insider Buying and Selling

In other news, Director Michael Patsalos-Fox sold 2,000 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $84.23, for a total transaction of $168,460.00. Following the completion of the transaction, the director owned 29,729 shares of the company’s stock, valued at approximately $2,504,073.67. The trade was a 6.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Surya Gummadi sold 1,728 shares of Cognizant Technology Solutions stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $83.06, for a total transaction of $143,527.68. Following the sale, the insider directly owned 25,641 shares in the company, valued at $2,129,741.46. This trade represents a 6.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 29,434 shares of company stock valued at $2,460,809. Company insiders own 0.32% of the company’s stock.

Cognizant Technology Solutions Stock Up 2.5%

Cognizant Technology Solutions stock opened at $66.81 on Thursday. Cognizant Technology Solutions Corporation has a fifty-two week low of $64.32 and a fifty-two week high of $88.51. The firm has a market capitalization of $32.25 billion, a PE ratio of 14.68, a P/E/G ratio of 1.41 and a beta of 0.95. The company’s 50-day moving average is $81.11 and its 200-day moving average is $74.68. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.14 and a quick ratio of 2.14.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.31 billion. Cognizant Technology Solutions had a return on equity of 17.17% and a net margin of 10.56%.The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.21 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. Sell-side analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.0%. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. Cognizant Technology Solutions’s payout ratio is presently 27.25%.

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.