Twin Capital Management Inc. Trims Stock Position in Cognizant Technology Solutions Corporation $CTSH

Twin Capital Management Inc. cut its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 47.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,014 shares of the information technology service provider’s stock after selling 11,742 shares during the period. Twin Capital Management Inc.’s holdings in Cognizant Technology Solutions were worth $798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CTSH. Brighton Jones LLC acquired a new position in shares of Cognizant Technology Solutions in the 4th quarter valued at about $214,000. Geneos Wealth Management Inc. raised its position in Cognizant Technology Solutions by 118.8% during the first quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock valued at $44,000 after acquiring an additional 309 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Cognizant Technology Solutions in the first quarter valued at approximately $142,000. Cresset Asset Management LLC lifted its holdings in Cognizant Technology Solutions by 11.4% in the second quarter. Cresset Asset Management LLC now owns 9,160 shares of the information technology service provider’s stock valued at $715,000 after acquiring an additional 935 shares during the period. Finally, Jump Financial LLC boosted its position in Cognizant Technology Solutions by 231.4% in the 2nd quarter. Jump Financial LLC now owns 29,667 shares of the information technology service provider’s stock worth $2,315,000 after purchasing an additional 20,716 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on CTSH. Deutsche Bank Aktiengesellschaft set a $55.00 target price on shares of Cognizant Technology Solutions in a report on Friday, July 10th. The Goldman Sachs Group set a $75.00 price target on shares of Cognizant Technology Solutions in a report on Wednesday, April 29th. UBS Group cut their price objective on shares of Cognizant Technology Solutions from $60.00 to $55.00 in a report on Monday, May 11th. Nomura decreased their price objective on shares of Cognizant Technology Solutions from $93.00 to $74.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Finally, Weiss Ratings cut Cognizant Technology Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Ten equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $64.26.

Cognizant Technology Solutions Stock Performance

NASDAQ:CTSH opened at $44.56 on Friday. 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 company has a fifty day moving average of $47.60 and a two-hundred day moving average of $61.16. The stock has a market capitalization of $21.12 billion, a PE ratio of 9.69, a P/E/G ratio of 0.94 and a beta of 0.87. Cognizant Technology Solutions Corporation has a fifty-two week low of $37.08 and a fifty-two week high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data 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 net margin of 10.41% and a return on equity of 17.50%. The business had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.41 billion. During the same period last year, the firm posted $1.23 earnings per share. The company’s 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. As a group, research analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions declared that its Board of Directors has approved a share repurchase plan on Monday, May 18th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the information technology service provider to buy up to 9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors 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 paid a $0.33 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.32 dividend on an annualized basis and a yield of 3.0%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 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.