Dimensional Fund Advisors LP Has $428.80 Million Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Dimensional Fund Advisors LP lifted its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 4.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,393,356 shares of the information technology service provider’s stock after buying an additional 260,844 shares during the quarter. Dimensional Fund Advisors LP owned about 1.31% of Cognizant Technology Solutions worth $428,798,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CTSH. NewSquare Capital LLC lifted its position in Cognizant Technology Solutions by 71.8% during the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock worth $29,000 after acquiring an additional 153 shares during the last quarter. High Note Wealth LLC grew its position in shares of Cognizant Technology Solutions by 22,450.0% in the third quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock valued at $30,000 after purchasing an additional 449 shares during the last quarter. New Millennium Group LLC bought a new position in shares of Cognizant Technology Solutions in the third quarter worth about $34,000. Winnow Wealth LLC bought a new position in shares of Cognizant Technology Solutions in the third quarter worth about $39,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Cognizant Technology Solutions by 267.7% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 603 shares of the information technology service provider’s stock worth $40,000 after purchasing an additional 439 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on CTSH shares. Citigroup reaffirmed a “neutral” rating and issued a $86.00 target price (up from $75.00) on shares of Cognizant Technology Solutions in a report on Thursday, January 22nd. Guggenheim reissued a “buy” rating and issued a $100.00 price objective (up from $95.00) on shares of Cognizant Technology Solutions in a research report on Wednesday, January 28th. Argus upgraded shares of Cognizant Technology Solutions to a “hold” rating in a research note on Tuesday, February 10th. Berenberg Bank set a $107.00 target price on shares of Cognizant Technology Solutions and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada increased their price target on shares of Cognizant Technology Solutions from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Thursday, February 5th. Ten equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, Cognizant Technology Solutions currently has an average rating of “Hold” and an average price target of $90.17.

Cognizant Technology Solutions Stock Performance

Shares of NASDAQ CTSH opened at $65.12 on Thursday. The firm has a market capitalization of $31.14 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 1.40 and a beta of 0.99. Cognizant Technology Solutions Corporation has a one year low of $60.03 and a one year high of $87.03. The business has a fifty day simple moving average of $76.95 and a 200 day simple moving average of $74.24. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted 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. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter in the previous year, the company earned $1.21 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. Sell-side analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 2.0%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 29.01%.

Insider Activity

In other Cognizant Technology Solutions news, CEO Ravi Kumar Singisetti sold 2,950 shares of Cognizant Technology Solutions stock in a transaction on Friday, December 19th. The stock was sold at an average price of $85.06, for a total transaction of $250,927.00. Following the completion of the transaction, the chief executive officer directly owned 75,209 shares of the company’s stock, valued at approximately $6,397,277.54. This trade represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Surya Gummadi sold 1,728 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $83.06, for a total transaction of $143,527.68. Following the completion of the sale, the insider directly owned 25,641 shares in the company, valued at approximately $2,129,741.46. The trade was a 6.31% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 23,809 shares of company stock worth $2,010,778. Company insiders own 0.32% of the company’s stock.

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.