Cognizant Technology Solutions Corporation $CTSH Position Raised by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 69.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 98,919 shares of the information technology service provider’s stock after purchasing an additional 40,379 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Cognizant Technology Solutions were worth $3,831,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CTSH. Prosperity Bancshares Inc bought a new stake in Cognizant Technology Solutions in the 4th quarter valued at about $29,000. JPL Wealth Management LLC acquired a new position in Cognizant Technology Solutions during the 3rd quarter valued at about $25,000. Reflection Asset Management bought a new position in Cognizant Technology Solutions in the 4th quarter worth about $40,000. MV Capital Management Inc. bought a new position in Cognizant Technology Solutions in the 4th quarter worth about $42,000. Finally, Kingdom Financial Group LLC. acquired a new stake in shares of Cognizant Technology Solutions in the fourth quarter valued at approximately $45,000. Institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Susquehanna set a $82.00 price objective on Cognizant Technology Solutions and gave the stock a “positive” rating in a research report on Thursday, July 30th. Guggenheim restated a “buy” rating and issued a $65.00 target price (down from $80.00) on shares of Cognizant Technology Solutions in a research report on Monday, July 27th. Wells Fargo & Company lifted their target price on Cognizant Technology Solutions from $61.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Mizuho set a $64.00 price target on Cognizant Technology Solutions in a research report on Thursday, August 6th. Finally, TD Cowen increased their price target on Cognizant Technology Solutions from $47.00 to $54.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Ten analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $63.00.

Cognizant Technology Solutions Stock Performance

CTSH opened at $60.00 on Friday. The business has a 50 day moving average price of $54.42 and a two-hundred day moving average price of $54.87. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.18 and a quick ratio of 2.18. The company has a market capitalization of $27.03 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 1.12 and a beta of 0.83. Cognizant Technology Solutions Corporation has a 1-year low of $37.08 and a 1-year high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.01). The firm had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.48 billion. Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.31 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. Research analysts predict that Cognizant Technology Solutions Corporation will post 5.74 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 18th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, August 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 28.39%.

Cognizant Technology Solutions declared that its Board of Directors has initiated a stock buyback program on Monday, May 18th that allows the company to repurchase $2.00 billion in outstanding 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 generally a sign that the company’s board of directors believes its stock is undervalued.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation is a professional services and information technology company that helps organizations modernize their technology infrastructure, operations and customer experiences. The company provides consulting, systems integration, application development and maintenance, and business process services to clients across industries.

Its offerings include cloud enablement, software engineering, data and analytics, artificial intelligence, cybersecurity, automation and digital workplace solutions.