22,000 Shares in Cognizant Technology Solutions Corporation $CTSH Purchased by Ardsley Advisory Partners LP

Ardsley Advisory Partners LP purchased a new stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 22,000 shares of the information technology service provider’s stock, valued at approximately $1,826,000.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Cognizant Technology Solutions in the fourth quarter valued at approximately $690,959,000. GQG Partners LLC bought a new stake in Cognizant Technology Solutions during the fourth quarter worth approximately $673,651,000. CIBC Bancorp USA Inc. bought a new stake in Cognizant Technology Solutions during the third quarter worth approximately $201,834,000. Cibc World Markets Corp bought a new stake in Cognizant Technology Solutions during the fourth quarter worth approximately $234,671,000. Finally, FIL Ltd boosted its stake in Cognizant Technology Solutions by 46.6% in the 4th quarter. FIL Ltd now owns 6,680,508 shares of the information technology service provider’s stock worth $554,482,000 after purchasing an additional 2,122,600 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. The Goldman Sachs Group set a $75.00 price objective on shares of Cognizant Technology Solutions in a research note on Wednesday, April 29th. Guggenheim cut their price target on shares of Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Susquehanna cut their price target on shares of Cognizant Technology Solutions from $98.00 to $88.00 and set a “positive” rating on the stock in a report on Friday, May 1st. JPMorgan Chase & Co. dropped their target price on shares of Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. Finally, Truist Financial initiated coverage on shares of Cognizant Technology Solutions in a report on Monday, June 1st. They issued a “hold” rating and a $66.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $72.50.

Cognizant Technology Solutions Price Performance

Shares of Cognizant Technology Solutions stock opened at $48.82 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 2.23. The firm’s 50-day simple moving average is $54.05 and its 200-day simple moving average is $67.15. Cognizant Technology Solutions Corporation has a twelve month low of $45.48 and a twelve month high of $87.03. The firm has a market cap of $23.13 billion, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 1.07 and a beta of 0.81.

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

Cognizant Technology Solutions declared that its Board of Directors has initiated a share buyback program on Monday, May 18th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the information technology service provider to repurchase up to 9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Cognizant Technology Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th were given a $0.33 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.7%. Cognizant Technology Solutions’s payout ratio is 28.70%.

Cognizant Technology Solutions 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.