Spire Wealth Management Has $6.06 Million Holdings in Cognizant Technology Solutions Corporation $CTSH

Spire Wealth Management grew its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 16,271.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 73,018 shares of the information technology service provider’s stock after buying an additional 72,572 shares during the quarter. Spire Wealth Management’s holdings in Cognizant Technology Solutions were worth $6,061,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp increased its stake in shares of Cognizant Technology Solutions by 0.6% in the second quarter. State Street Corp now owns 25,381,572 shares of the information technology service provider’s stock valued at $1,980,524,000 after buying an additional 157,427 shares in the last quarter. AustralianSuper Pty Ltd acquired a new position in Cognizant Technology Solutions during the 3rd quarter worth about $4,422,000. Thrivent Financial for Lutherans grew its holdings in Cognizant Technology Solutions by 60.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 39,474 shares of the information technology service provider’s stock worth $3,079,000 after acquiring an additional 14,946 shares during the last quarter. Alps Advisors Inc. increased its position in Cognizant Technology Solutions by 16.5% in the 3rd quarter. Alps Advisors Inc. now owns 306,078 shares of the information technology service provider’s stock valued at $20,529,000 after acquiring an additional 43,252 shares in the last quarter. Finally, Amundi raised its stake in shares of Cognizant Technology Solutions by 5.2% in the second quarter. Amundi now owns 4,755,344 shares of the information technology service provider’s stock worth $381,135,000 after acquiring an additional 235,432 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CTSH has been the topic of several research analyst reports. Wells Fargo & Company reissued an “overweight” rating and set a $98.00 price target (up from $87.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, January 14th. UBS Group set a $71.00 price objective on Cognizant Technology Solutions in a report on Friday, March 13th. Mizuho set a $87.00 price objective on Cognizant Technology Solutions in a research report on Monday, February 9th. TD Cowen dropped their target price on Cognizant Technology Solutions from $85.00 to $71.00 and set a “hold” rating for the company in a research report on Friday, March 13th. Finally, Guggenheim reaffirmed a “buy” rating and set a $100.00 price target (up from $95.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, January 28th. Nine investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $88.78.

Cognizant Technology Solutions Trading Down 1.7%

CTSH opened at $59.73 on Friday. The firm has a 50 day simple moving average of $69.30 and a 200 day simple moving average of $73.10. Cognizant Technology Solutions Corporation has a fifty-two week low of $58.83 and a fifty-two week high of $87.03. The company has a market cap of $28.57 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 1.30 and a beta of 0.99. 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 data on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. The firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.31 billion. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $1.21 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Wednesday, February 18th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, February 18th. Cognizant Technology Solutions’s payout ratio is presently 29.01%.

Insider Transactions at Cognizant Technology Solutions

In other news, insider Surya Gummadi sold 1,728 shares of the business’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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Patsalos-Fox sold 2,000 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $84.23, for a total value of $168,460.00. Following the completion of the sale, the director directly owned 29,729 shares of the company’s stock, valued at approximately $2,504,073.67. This trade represents a 6.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,859 shares of company stock valued at $575,460 in the last quarter. 0.32% of the stock is currently owned by corporate insiders.

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.