Sequoia Financial Advisors LLC Buys 55,887 Shares of Cognizant Technology Solutions Corporation $CTSH

Sequoia Financial Advisors LLC grew its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 254.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 77,860 shares of the information technology service provider’s stock after acquiring an additional 55,887 shares during the period. Sequoia Financial Advisors LLC’s holdings in Cognizant Technology Solutions were worth $6,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CTSH. CIBC Bancorp USA Inc. bought a new position in shares of Cognizant Technology Solutions in the third quarter valued at about $201,834,000. Voloridge Investment Management LLC raised its position in shares of Cognizant Technology Solutions by 801.4% in the third quarter. Voloridge Investment Management LLC now owns 2,104,276 shares of the information technology service provider’s stock valued at $141,134,000 after purchasing an additional 1,870,834 shares during the period. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Cognizant Technology Solutions by 144.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,631,890 shares of the information technology service provider’s stock valued at $176,521,000 after acquiring an additional 1,554,648 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Cognizant Technology Solutions by 59.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,778,252 shares of the information technology service provider’s stock valued at $253,407,000 after acquiring an additional 1,407,776 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in shares of Cognizant Technology Solutions in the fourth quarter valued at about $84,574,000. 92.44% of the stock is owned by institutional investors.

Cognizant Technology Solutions Trading Down 0.5%

CTSH opened at $51.68 on Friday. Cognizant Technology Solutions Corporation has a twelve month low of $50.19 and a twelve month high of $87.03. The company has a 50-day simple moving average of $60.24 and a 200 day simple moving average of $71.35. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $24.72 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 1.09 and a beta of 0.81.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.07. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.41 billion. During the same quarter in the prior year, the business posted $1.23 earnings per share. Cognizant Technology Solutions’s revenue 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. Analysts predict that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Monday, May 18th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.32 annualized dividend and a yield of 2.6%. Cognizant Technology Solutions’s dividend payout ratio is currently 28.70%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CTSH. Wells Fargo & Company decreased their price target on shares of Cognizant Technology Solutions from $98.00 to $83.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. TD Cowen restated a “hold” rating and issued a $62.00 price target (down from $71.00) on shares of Cognizant Technology Solutions in a research note on Thursday, April 30th. Argus upgraded shares of Cognizant Technology Solutions to a “hold” rating in a research note on Tuesday, February 10th. Guggenheim decreased their price target on shares of Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group set a $75.00 price target on shares of Cognizant Technology Solutions in a research note on Wednesday, April 29th. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $75.00.

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.