Y Intercept Hong Kong Ltd Takes $9.71 Million Position in Cognizant Technology Solutions Corporation $CTSH

Y Intercept Hong Kong Ltd acquired a new position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 158,233 shares of the information technology service provider’s stock, valued at approximately $9,708,000.

Other large investors also recently added to or reduced their stakes in the company. Evolve Private Wealth LLC acquired a new position in shares of Cognizant Technology Solutions during the 4th quarter worth $2,642,000. Temasek Holdings Private Ltd bought a new position in shares of Cognizant Technology Solutions during the 3rd quarter valued at $55,217,000. OFI Invest Asset Management acquired a new stake in shares of Cognizant Technology Solutions in the 4th quarter valued at $8,421,000. Arrowstreet Capital Limited Partnership boosted its holdings in Cognizant Technology Solutions by 34.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,874,274 shares of the information technology service provider’s stock worth $238,565,000 after purchasing an additional 734,337 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in Cognizant Technology Solutions by 44.4% in the fourth quarter. Corient Private Wealth LLC now owns 108,131 shares of the information technology service provider’s stock worth $8,977,000 after purchasing an additional 33,248 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on CTSH shares. BMO Capital Markets cut their target price on Cognizant Technology Solutions from $83.00 to $63.00 in a report on Thursday, April 30th. Morgan Stanley set a $44.00 price target on Cognizant Technology Solutions and gave the stock an “equal weight” rating in a research note on Tuesday, June 23rd. Evercore lowered their price objective on Cognizant Technology Solutions from $100.00 to $70.00 in a report on Thursday, April 30th. Robert W. Baird set a $72.00 target price on Cognizant Technology Solutions and gave the stock a “neutral” rating in a research report on Friday, April 10th. Finally, Daiwa Securities Group dropped their price target on shares of Cognizant Technology Solutions from $65.00 to $42.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 24th. Eleven research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $68.35.

Cognizant Technology Solutions Stock Performance

Cognizant Technology Solutions stock opened at $41.99 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 2.23. The business’s 50-day simple moving average is $49.48 and its 200-day simple moving average is $63.94. The firm has a market capitalization of $19.90 billion, a PE ratio of 9.13, a PEG ratio of 0.88 and a beta of 0.87. Cognizant Technology Solutions Corporation has a 52 week low of $37.08 and a 52 week high of $87.03.

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

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

Cognizant Technology Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio is currently 28.70%.

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.