PensionDanmark Pensionsforsikringsaktieselskab Acquires 8,700 Shares of Cognizant Technology Solutions Corporation $CTSH

PensionDanmark Pensionsforsikringsaktieselskab increased its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 9.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,617 shares of the information technology service provider’s stock after purchasing an additional 8,700 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Cognizant Technology Solutions were worth $3,974,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Pzena Investment Management LLC increased its position in shares of Cognizant Technology Solutions by 14.9% in the 1st quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock valued at $1,243,096,000 after buying an additional 2,633,683 shares in the last quarter. Invesco Ltd. lifted its stake in Cognizant Technology Solutions by 8.6% in the 3rd quarter. Invesco Ltd. now owns 12,534,198 shares of the information technology service provider’s stock valued at $840,669,000 after acquiring an additional 987,395 shares in the last quarter. Norges Bank acquired a new position in Cognizant Technology Solutions during the fourth quarter worth $690,959,000. GQG Partners LLC acquired a new position in shares of Cognizant Technology Solutions during the 4th quarter worth about $673,651,000. Finally, FIL Ltd boosted its position in Cognizant Technology Solutions by 46.6% during the fourth quarter. FIL Ltd now owns 6,680,508 shares of the information technology service provider’s stock valued at $554,482,000 after purchasing an additional 2,122,600 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Cognizant Technology Solutions stock opened at $57.67 on Monday. The firm has a market cap of $25.98 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 1.16 and a beta of 0.81. 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 stock’s fifty day moving average price is $47.50 and its two-hundred day moving average price is $57.36. Cognizant Technology Solutions Corporation has a one year low of $37.08 and a one year high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its 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). Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%.The company had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the company posted $1.31 earnings per share. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. As a group, research analysts expect that Cognizant Technology Solutions Corporation will post 5.71 EPS for the current fiscal year.

Cognizant Technology Solutions declared that its Board of Directors has approved a stock repurchase plan on Monday, May 18th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the information technology service provider to purchase up to 9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Cognizant Technology Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, August 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 28.39%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Dbs Bank decreased their price objective on shares of Cognizant Technology Solutions from $80.00 to $66.00 in a research report on Thursday, May 7th. Truist Financial started coverage on shares of Cognizant Technology Solutions in a research note on Monday, June 1st. They set a “hold” rating and a $66.00 target price for the company. Weiss Ratings downgraded shares of Cognizant Technology Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $55.00 price target on shares of Cognizant Technology Solutions in a research note on Friday, July 10th. Finally, HSBC cut their price objective on shares of Cognizant Technology Solutions from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Ten equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $63.00.

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.