North Star Asset Management Inc. Takes $468,000 Position in Cognizant Technology Solutions Corporation $CTSH

North Star Asset Management Inc. acquired a new position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,078 shares of the information technology service provider’s stock, valued at approximately $468,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTSH. JPL Wealth Management LLC bought a new stake in Cognizant Technology Solutions in the third quarter worth approximately $25,000. Prosperity Bancshares Inc bought a new position in shares of Cognizant Technology Solutions during the 4th quarter valued at $29,000. Signature Equity Partners LLC lifted its stake in shares of Cognizant Technology Solutions by 102.4% in the 1st quarter. Signature Equity Partners LLC now owns 599 shares of the information technology service provider’s stock valued at $37,000 after purchasing an additional 303 shares during the last quarter. Reflection Asset Management acquired a new stake in shares of Cognizant Technology Solutions in the 4th quarter valued at $40,000. Finally, MV Capital Management Inc. bought a new stake in Cognizant Technology Solutions in the fourth quarter worth $42,000. Institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

CTSH has been the topic of several recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Cognizant Technology Solutions in a report on Friday, August 7th. Morgan Stanley reissued a “negative” rating and set a $51.00 price objective (up from $44.00) on shares of Cognizant Technology Solutions in a report on Thursday, July 30th. Royal Bank Of Canada set a $55.00 price objective on Cognizant Technology Solutions in a research note on Friday, July 24th. UBS Group decreased their target price on Cognizant Technology Solutions from $60.00 to $55.00 in a research report on Monday, May 11th. Finally, Susquehanna set a $82.00 price target on Cognizant Technology Solutions and gave the company a “positive” rating in a report on Thursday, July 30th. Ten research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $63.00.

Cognizant Technology Solutions Price Performance

NASDAQ:CTSH opened at $64.04 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.18 and a quick ratio of 2.18. Cognizant Technology Solutions Corporation has a one year low of $37.08 and a one year high of $87.03. The company has a fifty day moving average price of $50.20 and a 200 day moving average price of $55.32. The stock has a market cap of $28.85 billion, a P/E ratio of 13.77, a PEG ratio of 1.28 and a beta of 0.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data 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 net margin of 10.26% and a return on equity of 17.70%. The company had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period in the prior year, the company posted $1.31 EPS. The firm’s quarterly revenue 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. Analysts anticipate that Cognizant Technology Solutions Corporation will post 5.71 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 18th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, August 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.39%.

Cognizant Technology Solutions declared that its board has initiated a stock buyback program on Monday, May 18th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the information technology service provider to buy up to 9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership 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.