MUFG Securities EMEA plc Buys 32,824 Shares of Cognizant Technology Solutions Corporation $CTSH

MUFG Securities EMEA plc grew its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 351.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,172 shares of the information technology service provider’s stock after buying an additional 32,824 shares during the period. MUFG Securities EMEA plc’s holdings in Cognizant Technology Solutions were worth $3,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Alps Advisors Inc. increased its position in Cognizant Technology Solutions by 16.5% in the third quarter. Alps Advisors Inc. now owns 306,078 shares of the information technology service provider’s stock worth $20,529,000 after purchasing an additional 43,252 shares during the last quarter. Arjuna Capital increased its position in Cognizant Technology Solutions by 62.6% in the third quarter. Arjuna Capital now owns 24,622 shares of the information technology service provider’s stock worth $1,651,000 after purchasing an additional 9,482 shares during the last quarter. National Pension Service increased its position in Cognizant Technology Solutions by 5.5% in the third quarter. National Pension Service now owns 863,720 shares of the information technology service provider’s stock worth $57,930,000 after purchasing an additional 45,016 shares during the last quarter. Temasek Holdings Private Ltd bought a new stake in Cognizant Technology Solutions in the third quarter worth $55,217,000. Finally, OFI Invest Asset Management bought a new stake in Cognizant Technology Solutions in the fourth quarter worth $8,421,000. Institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

CTSH has been the topic of several research reports. Evercore reduced their price target on shares of Cognizant Technology Solutions from $100.00 to $70.00 in a research report on Thursday, April 30th. Mizuho reduced their price target on shares of Cognizant Technology Solutions from $87.00 to $68.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings cut shares of Cognizant Technology Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. TD Cowen restated a “hold” rating and issued a $62.00 price target (down from $71.00) on shares of Cognizant Technology Solutions in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. Ten investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, Cognizant Technology Solutions currently has an average rating of “Hold” and a consensus target price of $72.68.

Cognizant Technology Solutions Stock Up 2.5%

NASDAQ CTSH opened at $57.16 on Tuesday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average of $56.22 and a two-hundred day moving average of $69.00. The firm has a market capitalization of $27.09 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.17 and a beta of 0.81. Cognizant Technology Solutions Corporation has a 52 week low of $45.48 and a 52 week high of $87.03.

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

Cognizant Technology Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 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 2.3%. The ex-dividend date of this dividend was Monday, May 18th. Cognizant Technology Solutions’s payout ratio is currently 28.70%.

Cognizant Technology Solutions announced that its Board of Directors has initiated a share buyback plan on Monday, May 18th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the information technology service provider to purchase up to 9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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.