Cognizant Technology Solutions Corporation $CTSH Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC increased its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 29.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,694 shares of the information technology service provider’s stock after acquiring an additional 11,470 shares during the period. Motley Fool Asset Management LLC’s holdings in Cognizant Technology Solutions were worth $4,208,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Temasek Holdings Private Ltd acquired a new stake in Cognizant Technology Solutions during the 3rd quarter valued at $55,217,000. OFI Invest Asset Management acquired a new stake in Cognizant Technology Solutions during the 4th quarter valued at $8,421,000. LSV Asset Management grew its holdings in Cognizant Technology Solutions by 4.3% during the 3rd quarter. LSV Asset Management now owns 1,749,490 shares of the information technology service provider’s stock valued at $117,338,000 after buying an additional 71,711 shares during the last quarter. Todd Asset Management LLC grew its holdings in Cognizant Technology Solutions by 23.7% during the 3rd quarter. Todd Asset Management LLC now owns 548,763 shares of the information technology service provider’s stock valued at $36,806,000 after buying an additional 105,197 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Cognizant Technology Solutions by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 60,348,442 shares of the information technology service provider’s stock valued at $4,047,570,000 after buying an additional 493,912 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CTSH shares. Weiss Ratings cut Cognizant Technology Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Citigroup increased their target price on Cognizant Technology Solutions from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Monday. Truist Financial assumed coverage on Cognizant Technology Solutions in a research note on Monday, June 1st. They set a “hold” rating and a $66.00 price target on the stock. Robert W. Baird set a $72.00 price target on Cognizant Technology Solutions and gave the stock a “neutral” rating in a research note on Friday, April 10th. Finally, Wells Fargo & Company reduced their price target on Cognizant Technology Solutions from $98.00 to $83.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Eleven research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $73.50.

Cognizant Technology Solutions Trading Down 2.1%

Shares of CTSH opened at $51.81 on Thursday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $24.55 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 1.11 and a beta of 0.81. The stock’s fifty day simple moving average is $55.17 and its 200 day simple moving average is $68.05. Cognizant Technology Solutions Corporation has a twelve month low of $45.48 and a twelve month high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.07. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.41 billion. During the same period in the prior year, the firm earned $1.23 EPS. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. On average, equities research analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current year.

Cognizant Technology Solutions announced that its Board of Directors has initiated a share buyback program on Monday, May 18th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the information technology service provider to purchase up to 9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Cognizant Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio is currently 28.70%.

Cognizant Technology Solutions Company Profile

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.