Reinhart Partners LLC. Sells 22,007 Shares of Cognizant Technology Solutions Corporation $CTSH

Reinhart Partners LLC. lowered its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 25.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 63,950 shares of the information technology service provider’s stock after selling 22,007 shares during the period. Reinhart Partners LLC.’s holdings in Cognizant Technology Solutions were worth $5,308,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CTSH. JPL Wealth Management LLC bought a new position in Cognizant Technology Solutions during the third quarter worth $25,000. Lodestone Wealth Management LLC bought a new position in Cognizant Technology Solutions during the fourth quarter worth $28,000. Flagship Harbor Advisors LLC bought a new position in Cognizant Technology Solutions during the fourth quarter worth $28,000. Physician Wealth Advisors Inc. raised its stake in Cognizant Technology Solutions by 165.1% during the fourth quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock worth $28,000 after buying an additional 213 shares during the last quarter. Finally, Towne Trust Company N.A raised its stake in Cognizant Technology Solutions by 85.0% during the fourth quarter. Towne Trust Company N.A now owns 370 shares of the information technology service provider’s stock worth $31,000 after buying an additional 170 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Trading Down 3.5%

NASDAQ:CTSH opened at $55.14 on Wednesday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $26.13 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 1.20 and a beta of 0.81. The firm has a fifty day simple moving average of $56.22 and a two-hundred day simple moving average of $69.00. Cognizant Technology Solutions Corporation has a 12 month low of $45.48 and a 12 month high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.41 billion. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company posted $1.23 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. Analysts expect that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.70%.

Cognizant Technology Solutions announced that its board has approved a share repurchase program on Monday, May 18th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the information technology service provider to purchase up to 9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CTSH shares. Susquehanna lowered their target price on shares of Cognizant Technology Solutions from $98.00 to $88.00 and set a “positive” rating for the company in a research note on Friday, May 1st. HSBC lowered their target price on shares of Cognizant Technology Solutions from $98.00 to $80.00 in a research note on Thursday, April 30th. Argus raised shares of Cognizant Technology Solutions to a “hold” rating in a research note on Tuesday, February 10th. Truist Financial started coverage on shares of Cognizant Technology Solutions in a research note on Monday. They set a “hold” rating and a $66.00 target price for the company. Finally, TD Cowen reissued a “hold” rating and set a $62.00 target price (down from $71.00) on shares of Cognizant Technology Solutions in a research note on Thursday, April 30th. Ten investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $72.68.

More Cognizant Technology Solutions News

Here are the key news stories impacting Cognizant Technology Solutions this week:

• Positive Sentiment: Cognizant expanded its strategic alliance with CrowdStrike to strengthen cybersecurity for AI-driven enterprises, a development that supports its AI and managed services growth narrative. Cognizant and CrowdStrike Expand Strategic Alliance to Secure the Agentic Enterprise
• Positive Sentiment: The company also highlighted new AI-focused roles and training programs, reinforcing its push to position itself as an AI services leader. Cognizant Develops Frontier Certified Engineer and Frontier Business Operator Roles to Define the Next Generation of AI-Powered Work
• Positive Sentiment: Recent commentary from Zacks described CTSH as a strong momentum stock, while analyst coverage has remained mostly constructive with several buy-equivalent ratings and price targets above the current trading range. Here’s Why Cognizant (CTSH) is a Strong Momentum Stock
• Neutral Sentiment: Truist initiated coverage with a hold rating and a $66 target, which is modestly above the recent share price but not a strong near-term catalyst. Truist coverage on Cognizant Technology Solutions
• Neutral Sentiment: Several articles highlighted Cognizant’s CEO and AI strategy, but these were largely thematic and did not include a new financial update or guidance change. Cognizant CEO says AI is remaking middle managers into player-coaches
• Negative Sentiment: Market chatter says the stock is falling because investors are still fixated on softer near-term revenue growth signals from Cognizant’s latest quarterly outlook and cautious analyst recalibrations. Cognizant slides as investors continue to focus on soft near-term growth signals
• Negative Sentiment: One MarketWatch note said CTSH underperformed peers, reinforcing the idea that relative performance remains weak as the market rotates away from the name. Cognizant Technology Solutions Corp. stock underperforms Tuesday when compared to competitors

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.