Cognizant Technology Solutions Corporation $CTSH Shares Purchased by CX Institutional

CX Institutional boosted its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 19.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 161,341 shares of the information technology service provider’s stock after purchasing an additional 25,805 shares during the quarter. CX Institutional’s holdings in Cognizant Technology Solutions were worth $9,245,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CTSH. Reflection Asset Management purchased a new position in shares of Cognizant Technology Solutions during the 4th quarter valued at approximately $40,000. MV Capital Management Inc. bought a new stake in shares of Cognizant Technology Solutions in the fourth quarter worth $42,000. Signature Equity Partners LLC raised its holdings in 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 acquiring an additional 303 shares in the last quarter. Root Financial Partners LLC boosted its stake in Cognizant Technology Solutions by 26.8% during the 4th quarter. Root Financial Partners LLC now owns 780 shares of the information technology service provider’s stock valued at $65,000 after acquiring an additional 165 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in Cognizant Technology Solutions by 1,580.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 840 shares of the information technology service provider’s stock worth $52,000 after acquiring an additional 790 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Cognizant Technology Solutions Stock Performance

Shares of NASDAQ:CTSH traded down $2.37 during trading on Friday, reaching $58.51. 6,984,775 shares of the company’s stock traded hands, compared to its average volume of 8,111,260. The stock has a market capitalization of $26.36 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 1.07 and a beta of 0.86. Cognizant Technology Solutions Corporation has a 12 month low of $37.08 and a 12 month high of $87.03. The company has a 50 day moving average of $58.96 and a 200-day moving average of $54.45. 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 (NASDAQ:CTSH) last issued its earnings results 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). The company had revenue of $5.48 billion during 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 business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.31 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. On average, equities analysts expect that Cognizant Technology Solutions Corporation will post 5.74 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CTSH. Wedbush reissued an “outperform” rating and issued a $70.00 target price on shares of Cognizant Technology Solutions in a research report on Friday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $70.00 price target (up from $65.00) on shares of Cognizant Technology Solutions in a research note on Friday, September 18th. HSBC cut their price objective on Cognizant Technology Solutions from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Berenberg Bank set a $59.00 target price on Cognizant Technology Solutions and gave the stock a “hold” rating in a report on Wednesday, June 17th. Finally, TD Cowen reiterated a “hold” rating and issued a $54.00 target price on shares of Cognizant Technology Solutions in a research report on Friday, September 18th. Ten investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $64.43.

Cognizant Technology Solutions Company Profile

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.