Cognizant Technology Solutions Corporation $CTSH Stock Holdings Increased by Vest Financial LLC

Vest Financial LLC grew its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 18.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 993,288 shares of the information technology service provider’s stock after buying an additional 157,736 shares during the period. Vest Financial LLC’s holdings in Cognizant Technology Solutions were worth $57,054,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CTSH. Assenagon Asset Management S.A. lifted its position in shares of Cognizant Technology Solutions by 925.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,652,358 shares of the information technology service provider’s stock valued at $141,456,000 after buying an additional 3,296,205 shares in the last quarter. Pzena Investment Management LLC grew its stake in shares of Cognizant Technology Solutions by 14.9% during 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 acquiring an additional 2,633,683 shares during the period. Artemis Investment Management LLP increased its holdings in 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 worth $166,897,000 after acquiring an additional 2,159,704 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in Cognizant Technology Solutions by 761.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 1,859,134 shares of the information technology service provider’s stock worth $106,789,000 after acquiring an additional 1,643,271 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in Cognizant Technology Solutions by 752.1% during the 1st quarter. Lazard Asset Management LLC now owns 1,317,166 shares of the information technology service provider’s stock worth $80,808,000 after acquiring an additional 1,162,580 shares during the period. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of Cognizant Technology Solutions stock opened at $69.55 on Thursday. The company has a market capitalization of $31.33 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 1.27 and a beta of 0.86. 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 stock’s 50-day simple moving average is $61.06 and its 200-day simple moving average is $54.55. Cognizant Technology Solutions Corporation has a 52 week low of $37.08 and a 52 week high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the company earned $1.31 EPS. The business’s revenue was up 4.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. As a group, analysts expect that Cognizant Technology Solutions Corporation will post 5.74 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 18th were issued a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.32 dividend on an annualized basis and a yield of 1.9%. Cognizant Technology Solutions’s payout ratio is currently 28.39%.

Analyst Upgrades and Downgrades

CTSH has been the topic of several analyst reports. TD Cowen reaffirmed a “hold” rating and set a $60.00 price target (up from $54.00) on shares of Cognizant Technology Solutions in a report on Tuesday, October 13th. Citigroup reiterated a “neutral” rating on shares of Cognizant Technology Solutions in a research report on Monday. Guggenheim reissued a “buy” rating and issued a $65.00 price objective (down from $80.00) on shares of Cognizant Technology Solutions in a research note on Monday, July 27th. Wedbush restated an “outperform” rating and set a $70.00 price objective on shares of Cognizant Technology Solutions in a research report on Friday, October 9th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Cognizant Technology Solutions from $74.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Ten equities 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $64.70.

Cognizant Technology Solutions Profile

Cognizant Technology Solutions Corporation is a global information technology services and consulting company that helps organizations modernize their technology infrastructure, operations and customer experiences. The company serves businesses across industries including financial services, healthcare, life sciences, manufacturing, retail and communications.

Cognizant’s services include consulting, application development and modernization, cloud computing, data and artificial intelligence, digital engineering, cybersecurity and business process services.