Cognizant Technology Solutions Corporation $CTSH Stock Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 761.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,859,134 shares of the information technology service provider’s stock after purchasing an additional 1,643,271 shares during the quarter. Vontobel Holding Ltd.’s holdings in Cognizant Technology Solutions were worth $106,789,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CTSH. Capital Advisors Ltd. LLC boosted its stake in Cognizant Technology Solutions by 34.5% in the first quarter. Capital Advisors Ltd. LLC now owns 959 shares of the information technology service provider’s stock worth $59,000 after purchasing an additional 246 shares in the last quarter. Security National Bank of SO Dak grew its holdings in shares of Cognizant Technology Solutions by 1.1% during the second quarter. Security National Bank of SO Dak now owns 25,780 shares of the information technology service provider’s stock worth $998,000 after purchasing an additional 290 shares during the last quarter. Signature Equity Partners LLC increased its stake in shares of Cognizant Technology Solutions by 102.4% in the first quarter. Signature Equity Partners LLC now owns 599 shares of the information technology service provider’s stock valued at $37,000 after buying an additional 303 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in shares of Cognizant Technology Solutions by 3.6% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 9,338 shares of the information technology service provider’s stock valued at $573,000 after buying an additional 322 shares in the last quarter. Finally, Marquette Asset Management LLC raised its holdings in shares of Cognizant Technology Solutions by 183.9% in the third quarter. Marquette Asset Management LLC now owns 545 shares of the information technology service provider’s stock valued at $31,000 after buying an additional 353 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Trading Up 0.4%

Shares of CTSH stock traded up $0.26 on Friday, reaching $66.03. 5,323,537 shares of the stock were exchanged, compared to its average volume of 7,169,654. 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 stock has a market cap of $29.74 billion, a PE ratio of 14.20, a P/E/G ratio of 1.23 and a beta of 0.86. The stock has a 50 day moving average price of $60.47 and a 200 day moving average price of $54.46.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted 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 during the quarter, compared to the consensus estimate of $5.48 billion. Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. Cognizant Technology Solutions’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.31 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. Equities research analysts forecast that Cognizant Technology Solutions Corporation will post 5.74 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.39%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CTSH. Royal Bank Of Canada set a $55.00 price target on shares of Cognizant Technology Solutions in a research report on Friday, July 24th. Nomura dropped their target price on shares of Cognizant Technology Solutions from $93.00 to $74.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Guggenheim reiterated a “buy” rating and set a $65.00 target price (down from $80.00) on shares of Cognizant Technology Solutions in a research report on Monday, July 27th. Susquehanna set a $82.00 price target on shares of Cognizant Technology Solutions and gave the company a “positive” rating in a research note on Thursday, July 30th. Finally, Wells Fargo & Company increased their price target on shares of Cognizant Technology Solutions from $61.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Ten research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cognizant Technology Solutions has a consensus rating of “Hold” and a consensus target price of $64.70.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation (NASDAQ: CTSH) is a global professional services and information technology company that helps businesses modernize their operations and technology infrastructure. Its services include IT consulting, systems integration, application development and modernization, cloud computing, data and analytics, artificial intelligence, cybersecurity, and digital engineering.

The company also provides business process services and industry-specific solutions for sectors such as financial services, healthcare, life sciences, manufacturing, retail, communications, and information technology.