Grantham Mayo Van Otterloo & Co. LLC Reduces Holdings in Cognizant Technology Solutions Corporation $CTSH

Grantham Mayo Van Otterloo & Co. LLC lessened its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 499,209 shares of the information technology service provider’s stock after selling 8,466 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned about 0.10% of Cognizant Technology Solutions worth $33,482,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CTSH. High Note Wealth LLC raised its stake in Cognizant Technology Solutions by 22,450.0% in the 3rd quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock valued at $30,000 after purchasing an additional 449 shares during the last quarter. New Millennium Group LLC acquired a new position in shares of Cognizant Technology Solutions in the third quarter valued at approximately $34,000. Winnow Wealth LLC purchased a new position in shares of Cognizant Technology Solutions during the third quarter valued at approximately $39,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Cognizant Technology Solutions by 267.7% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 603 shares of the information technology service provider’s stock worth $40,000 after acquiring an additional 439 shares during the period. Finally, Root Financial Partners LLC acquired a new position in Cognizant Technology Solutions in the 3rd quarter valued at $41,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cognizant Technology Solutions

In related news, CEO Ravi Kumar Singisetti sold 2,950 shares of the firm’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $85.06, for a total transaction of $250,927.00. Following the sale, the chief executive officer directly owned 75,209 shares in the company, valued at approximately $6,397,277.54. This trade represents a 3.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Surya Gummadi sold 1,728 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $83.06, for a total value of $143,527.68. Following the completion of the transaction, the insider owned 25,641 shares of the company’s stock, valued at approximately $2,129,741.46. This represents a 6.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 23,809 shares of company stock valued at $2,010,778 over the last three months. 0.32% of the stock is owned by company insiders.

Cognizant Technology Solutions Stock Up 0.7%

CTSH opened at $66.26 on Monday. Cognizant Technology Solutions Corporation has a 1 year low of $60.03 and a 1 year high of $87.03. The firm has a 50 day moving average price of $76.17 and a 200 day moving average price of $74.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.14 and a current ratio of 2.14. The company has a market cap of $31.69 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.44 and a beta of 0.99.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.03. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.31 billion. During the same period in the previous year, the firm earned $1.21 earnings per share. Cognizant Technology Solutions’s revenue for the quarter was up 4.9% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. Sell-side analysts expect that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Wednesday, February 18th were issued a $0.33 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $1.32 annualized dividend and a yield of 2.0%. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. Cognizant Technology Solutions’s payout ratio is currently 29.01%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Weiss Ratings raised Cognizant Technology Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. Susquehanna restated a “positive” rating and issued a $98.00 price target on shares of Cognizant Technology Solutions in a report on Friday, January 23rd. TD Cowen reiterated a “hold” rating and set a $85.00 price objective (up from $84.00) on shares of Cognizant Technology Solutions in a report on Thursday, February 5th. BMO Capital Markets set a $83.00 target price on shares of Cognizant Technology Solutions in a report on Thursday, February 12th. Finally, Royal Bank Of Canada increased their price target on shares of Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th. Ten analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $90.17.

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.