CX Institutional Purchases 38,881 Shares of Cognizant Technology Solutions Corporation $CTSH

CX Institutional increased its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 40.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 135,536 shares of the information technology service provider’s stock after purchasing an additional 38,881 shares during the quarter. CX Institutional’s holdings in Cognizant Technology Solutions were worth $5,249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Checchi Capital Advisers LLC increased its position in Cognizant Technology Solutions by 3.4% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,852 shares of the information technology service provider’s stock worth $320,000 after buying an additional 127 shares during the period. TD Waterhouse Canada Inc. boosted its position in shares of Cognizant Technology Solutions by 7.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,130 shares of the information technology service provider’s stock valued at $177,000 after acquiring an additional 143 shares during the period. Security National Bank of SO Dak grew its stake in shares of Cognizant Technology Solutions by 0.6% in the second quarter. Security National Bank of SO Dak now owns 24,635 shares of the information technology service provider’s stock valued at $1,922,000 after acquiring an additional 150 shares in the last quarter. Cidel Asset Management Inc. grew its stake in shares of Cognizant Technology Solutions by 3.0% in the fourth quarter. Cidel Asset Management Inc. now owns 5,535 shares of the information technology service provider’s stock valued at $459,000 after acquiring an additional 163 shares in the last quarter. Finally, Advisory Alpha LLC increased its position in Cognizant Technology Solutions by 2.8% during the fourth quarter. Advisory Alpha LLC now owns 5,987 shares of the information technology service provider’s stock worth $497,000 after acquiring an additional 163 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CTSH has been the subject of a number of analyst reports. Morgan Stanley reaffirmed a “negative” rating and issued a $51.00 price target (up from $44.00) on shares of Cognizant Technology Solutions in a research note on Thursday, July 30th. Robert W. Baird set a $68.00 price target on Cognizant Technology Solutions in a research note on Thursday, July 30th. The Goldman Sachs Group set a $75.00 target price on Cognizant Technology Solutions in a report on Wednesday, April 29th. Daiwa Securities Group dropped their target price on Cognizant Technology Solutions from $65.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, June 24th. Finally, Mizuho cut their price target on Cognizant Technology Solutions from $87.00 to $68.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Ten investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $63.17.

Cognizant Technology Solutions Price Performance

CTSH stock opened at $56.13 on Wednesday. The company has a fifty day moving average price of $47.35 and a 200-day moving average price of $57.95. The company has a market capitalization of $26.60 billion, a P/E ratio of 12.07, a PEG ratio of 1.21 and a beta of 0.82. Cognizant Technology Solutions Corporation has a 52-week low of $37.08 and a 52-week high of $87.03. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.18 and a current ratio of 2.18.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%.The business had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the firm posted $1.31 EPS. Cognizant Technology Solutions’s revenue for the quarter was up 4.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. As a group, equities analysts expect that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 18th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.32 annualized dividend and a yield of 2.4%. Cognizant Technology Solutions’s payout ratio is presently 28.39%.

Cognizant Technology Solutions announced that its Board of Directors has authorized a stock repurchase plan 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 buy up to 9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is 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.