Rockland Trust Co. Makes New $3.04 Million Investment in Cognizant Technology Solutions Corporation $CTSH

Rockland Trust Co. purchased a new stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 36,651 shares of the information technology service provider’s stock, valued at approximately $3,042,000.

Other large investors have also recently modified their holdings of the company. JPL Wealth Management LLC bought a new position in Cognizant Technology Solutions in the 3rd quarter worth about $25,000. High Note Wealth LLC increased its stake in Cognizant Technology Solutions by 22,450.0% during 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 in the last quarter. New Millennium Group LLC purchased a new position in Cognizant Technology Solutions in the third quarter worth about $34,000. Winnow Wealth LLC bought a new position in shares of Cognizant Technology Solutions in the third quarter worth approximately $39,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Cognizant Technology Solutions by 267.7% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 603 shares of the information technology service provider’s stock worth $40,000 after buying an additional 439 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Up 0.5%

CTSH opened at $61.35 on Wednesday. The stock has a market capitalization of $29.34 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.32 and a beta of 0.99. The firm has a 50 day moving average price of $68.41 and a 200-day moving average price of $73.01. Cognizant Technology Solutions Corporation has a twelve month low of $58.83 and a twelve month high of $87.03. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results 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. The company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.31 billion. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $1.21 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. Equities research analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Increases Dividend

The company also recently disclosed 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 of this dividend was Wednesday, February 18th. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 2.2%. Cognizant Technology Solutions’s dividend payout ratio is presently 29.01%.

Wall Street Analyst Weigh In

CTSH has been the subject of several analyst reports. UBS Group set a $71.00 price target on shares of Cognizant Technology Solutions in a research report on Friday, March 13th. Weiss Ratings downgraded Cognizant Technology Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Susquehanna reissued a “positive” rating and issued a $98.00 target price on shares of Cognizant Technology Solutions in a report on Friday, January 23rd. Argus upgraded Cognizant Technology Solutions to a “hold” rating in a research note on Tuesday, February 10th. Finally, Royal Bank Of Canada upped their price target on Cognizant Technology Solutions from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Thursday, February 5th. Nine equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, Cognizant Technology Solutions has an average rating of “Hold” and an average target price of $88.78.

Insiders Place Their Bets

In related news, Director Michael Patsalos-Fox sold 2,000 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $84.23, for a total transaction of $168,460.00. Following the completion of the sale, the director owned 29,729 shares in the company, valued at approximately $2,504,073.67. This represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Surya Gummadi sold 1,728 shares of the firm’s stock in a transaction dated 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 directly owned 25,641 shares in the company, valued at $2,129,741.46. The trade was a 6.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 3,859 shares of company stock valued at $319,950. 0.32% of the stock is owned by company insiders.

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.