Delta Global Management LP Makes New Investment in Cognizant Technology Solutions Corporation $CTSH

Delta Global Management LP acquired a new stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 36,148 shares of the information technology service provider’s stock, valued at approximately $2,424,000.

A number of other large investors also recently modified their holdings of CTSH. Brighton Jones LLC purchased a new stake in Cognizant Technology Solutions in the fourth quarter worth approximately $214,000. Geneos Wealth Management Inc. raised its stake in shares of Cognizant Technology Solutions by 118.8% during the first quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock worth $44,000 after acquiring an additional 309 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Cognizant Technology Solutions in the 1st quarter worth approximately $142,000. Bailard Inc. bought a new stake in shares of Cognizant Technology Solutions in the 2nd quarter worth approximately $213,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Cognizant Technology Solutions by 53.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,370,476 shares of the information technology service provider’s stock valued at $184,968,000 after purchasing an additional 822,675 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Trading Up 1.1%

NASDAQ:CTSH opened at $61.05 on Tuesday. The firm has a market capitalization of $29.20 billion, a P/E ratio of 13.42, a P/E/G ratio of 1.31 and a beta of 1.00. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average of $73.66 and a 200 day moving average of $73.79. Cognizant Technology Solutions Corporation has a 52 week low of $60.03 and a 52 week high of $87.03.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. The business had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.31 billion. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. On average, research analysts predict 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 declared a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Wednesday, February 18th were issued a dividend of $0.33 per share. The ex-dividend date was Wednesday, February 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.2%. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 29.01%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Susquehanna reaffirmed a “positive” rating and set a $98.00 target price on shares of Cognizant Technology Solutions in a report on Friday, January 23rd. Citigroup reissued a “neutral” rating and issued a $86.00 price target (up from $75.00) on shares of Cognizant Technology Solutions in a research note on Thursday, January 22nd. Guggenheim reaffirmed a “buy” rating and set a $100.00 price objective (up from $95.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Monday, January 26th. Finally, Morgan Stanley boosted their target price on 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. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $88.78.

Insider Buying and Selling at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, insider Surya Gummadi sold 1,728 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 25,641 shares in the company, valued at approximately $2,129,741.46. This trade represents a 6.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ravi Kumar Singisetti sold 2,950 shares of Cognizant Technology Solutions stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $85.06, for a total value of $250,927.00. Following the completion of the sale, the chief executive officer owned 75,209 shares in the company, valued at approximately $6,397,277.54. This represents a 3.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,678 shares of company stock valued at $1,415,075 in the last 90 days. 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.