National Bank of Canada FI Boosts Stake in Cognizant Technology Solutions Corporation $CTSH

National Bank of Canada FI lifted its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 10.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,740,282 shares of the information technology service provider’s stock after buying an additional 556,241 shares during the period. National Bank of Canada FI owned approximately 1.19% of Cognizant Technology Solutions worth $385,001,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CTSH. JPL Wealth Management LLC purchased a new position in Cognizant Technology Solutions in the 3rd quarter worth $25,000. High Note Wealth LLC lifted its position in Cognizant Technology Solutions by 22,450.0% during the 3rd quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock worth $30,000 after acquiring an additional 449 shares during the period. New Millennium Group LLC purchased a new stake in Cognizant Technology Solutions during the 3rd quarter valued at about $34,000. Geneos Wealth Management Inc. increased its holdings in shares of Cognizant Technology Solutions by 118.8% in the first quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock valued at $44,000 after purchasing an additional 309 shares during the period. Finally, Winnow Wealth LLC acquired a new position in shares of Cognizant Technology Solutions in the third quarter valued at about $39,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Stock Up 1.1%

Shares of CTSH opened at $61.05 on Tuesday. The company has a market capitalization of $29.20 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 1.31 and a beta of 1.00. Cognizant Technology Solutions Corporation has a 52 week low of $60.03 and a 52 week high of $87.03. The stock’s 50-day moving average price is $73.66 and its 200-day moving average price is $73.79. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.04.

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, beating the consensus estimate of $1.32 by $0.03. Cognizant Technology Solutions had a return on equity of 17.17% and a net margin of 10.56%.The company had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.31 billion. During the same period last year, the business earned $1.21 earnings per share. Cognizant Technology Solutions’s quarterly revenue was up 4.9% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. On average, sell-side analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

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

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 shares were sold at an average price of $83.06, for a total value of $143,527.68. Following the completion of the transaction, the insider owned 25,641 shares of the company’s stock, valued at approximately $2,129,741.46. The trade was a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ravi Kumar Singisetti sold 2,950 shares of the company’s stock in a transaction dated 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 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,678 shares of company stock worth $1,415,075 in the last three months. Company insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Argus raised Cognizant Technology Solutions to a “hold” rating in a report on Tuesday, February 10th. Weiss Ratings upgraded shares of Cognizant Technology Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Berenberg Bank set a $107.00 price objective on shares of Cognizant Technology Solutions and gave the company a “buy” rating in a research note on Thursday, January 22nd. UBS Group set a $71.00 price objective on shares of Cognizant Technology Solutions in a report on Friday. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $98.00 price objective (up from $87.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, January 14th. Ten equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $88.78.

Cognizant Technology Solutions 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.