PKO Investment Management Joint Stock Co Purchases New Shares in Cognizant Technology Solutions Corporation $CTSH

PKO Investment Management Joint Stock Co acquired a new stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 14,000 shares of the information technology service provider’s stock, valued at approximately $859,000.

Several other large investors also recently made changes to their positions in CTSH. Evolve Private Wealth LLC acquired a new position in Cognizant Technology Solutions during the 4th quarter worth $2,642,000. Temasek Holdings Private Ltd bought a new stake in shares of Cognizant Technology Solutions during the third quarter worth $55,217,000. OFI Invest Asset Management acquired a new position in shares of Cognizant Technology Solutions during the fourth quarter valued at $8,421,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Cognizant Technology Solutions by 34.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,874,274 shares of the information technology service provider’s stock valued at $238,565,000 after acquiring an additional 734,337 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Cognizant Technology Solutions by 7.6% in the third quarter. First Trust Advisors LP now owns 9,085,998 shares of the information technology service provider’s stock valued at $609,398,000 after acquiring an additional 639,801 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Cognizant Technology Solutions stock opened at $40.95 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 firm has a market capitalization of $19.40 billion, a P/E ratio of 8.90, a PEG ratio of 0.88 and a beta of 0.81. The business has a 50-day moving average of $52.66 and a 200-day moving average of $66.15. Cognizant Technology Solutions Corporation has a 1 year low of $40.77 and a 1 year high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. The business had revenue of $5.41 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the company posted $1.23 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. On average, equities analysts anticipate that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.70%.

Cognizant Technology Solutions declared that its board has authorized a stock buyback program on Monday, May 18th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the information technology service provider to purchase up to 9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have weighed in on the company. Dbs Bank dropped their price objective on Cognizant Technology Solutions from $80.00 to $66.00 in a report on Thursday, May 7th. Morgan Stanley set a $44.00 target price on shares of Cognizant Technology Solutions and gave the company an “equal weight” rating in a research note on Tuesday. Evercore lowered their price target on shares of Cognizant Technology Solutions from $100.00 to $70.00 in a research report on Thursday, April 30th. The Goldman Sachs Group set a $75.00 price target on shares of Cognizant Technology Solutions in a research note on Wednesday, April 29th. Finally, Truist Financial began coverage on shares of Cognizant Technology Solutions in a research note on Monday, June 1st. They issued a “hold” rating and a $66.00 price objective on the stock. Ten investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $71.64.

Cognizant Technology Solutions Company 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.