Cognizant Technology Solutions Corporation $CTSH Stock Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. boosted its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 59.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 224,281 shares of the information technology service provider’s stock after purchasing an additional 83,763 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Cognizant Technology Solutions were worth $12,883,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Evolve Private Wealth LLC bought a new stake in Cognizant Technology Solutions in the fourth quarter valued at $2,642,000. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Cognizant Technology Solutions during the first quarter valued at about $29,510,000. Ancora Advisors LLC bought a new position in shares of Cognizant Technology Solutions during the 2nd quarter worth about $2,929,000. Pzena Investment Management LLC grew its stake 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 during the period. Finally, Artemis Investment Management LLP grew its stake in shares of Cognizant Technology Solutions by 289.6% in the 3rd quarter. Artemis Investment Management LLP now owns 2,905,584 shares of the information technology service provider’s stock valued at $166,897,000 after buying an additional 2,159,704 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on CTSH shares. Daiwa Securities Group upped their price target on Cognizant Technology Solutions from $42.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, September 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $70.00 price objective (up from $65.00) on shares of Cognizant Technology Solutions in a research note on Friday, September 18th. Robert W. Baird set a $68.00 target price on Cognizant Technology Solutions in a research report on Thursday, July 30th. 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, Susquehanna set a $82.00 price target on shares of Cognizant Technology Solutions and gave the company a “positive” rating in a research report on Thursday, July 30th. Ten investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $64.43.

Cognizant Technology Solutions Stock Performance

Shares of Cognizant Technology Solutions stock opened at $59.20 on Friday. Cognizant Technology Solutions Corporation has a 52 week low of $37.08 and a 52 week high of $87.03. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average price of $59.80 and a 200-day moving average price of $54.37. The company has a market cap of $26.67 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 1.12 and a beta of 0.86.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced 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). The company had revenue of $5.48 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.31 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. Equities analysts anticipate that Cognizant Technology Solutions Corporation will post 5.74 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The company 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. The ex-dividend date was Tuesday, August 18th. This represents a $1.32 annualized dividend and a dividend yield of 2.2%. Cognizant Technology Solutions’s dividend payout ratio is presently 28.39%.

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.