Temasek Holdings Private Ltd Makes New $55.22 Million Investment in Cognizant Technology Solutions Corporation $CTSH

Temasek Holdings Private Ltd bought a new stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 823,278 shares of the information technology service provider’s stock, valued at approximately $55,217,000. Temasek Holdings Private Ltd owned about 0.17% of Cognizant Technology Solutions at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. High Note Wealth LLC increased its position in shares of Cognizant Technology Solutions by 22,450.0% during the third quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock worth $30,000 after purchasing an additional 449 shares in the last quarter. New Millennium Group LLC acquired a new stake in Cognizant Technology Solutions during the 3rd quarter worth $34,000. Winnow Wealth LLC acquired a new stake in Cognizant Technology Solutions during the 3rd quarter worth $39,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Cognizant Technology Solutions by 267.7% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 603 shares of the information technology service provider’s stock worth $40,000 after buying an additional 439 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of Cognizant Technology Solutions in the third quarter valued at about $41,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CTSH. Guggenheim reissued a “buy” rating and issued a $100.00 price target (up from $95.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, January 28th. Morgan Stanley upped their price objective on shares of Cognizant Technology Solutions from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Berenberg Bank set a $107.00 target price on shares of Cognizant Technology Solutions and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Weiss Ratings upgraded Cognizant Technology Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Monday, January 26th. 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 currently has an average rating of “Hold” and a consensus target price of $88.78.

Insider Activity at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, insider Surya Gummadi sold 1,728 shares of Cognizant Technology Solutions stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $83.06, for a total value of $143,527.68. Following the sale, the insider owned 25,641 shares in the company, valued at $2,129,741.46. The trade was a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Patsalos-Fox sold 4,000 shares of the company’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $85.30, for a total value of $341,200.00. Following the completion of the transaction, the director directly owned 37,729 shares in the company, valued at approximately $3,218,283.70. This trade represents a 9.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 16,809 shares of company stock worth $1,426,138. Insiders own 0.32% of the company’s stock.

Cognizant Technology Solutions Trading Down 1.3%

Shares of CTSH opened at $60.37 on Friday. Cognizant Technology Solutions Corporation has a 12-month low of $60.03 and a 12-month high of $87.03. The firm has a market capitalization of $28.87 billion, a P/E ratio of 13.27, a P/E/G ratio of 1.33 and a beta of 0.99. The firm has a 50-day moving average price of $74.08 and a 200 day moving average price of $73.84. 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 issued its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.31 billion. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. Cognizant Technology Solutions’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. Sell-side analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, February 18th. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. Cognizant Technology Solutions’s dividend payout ratio is presently 29.01%.

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.