Cognizant Technology Solutions Corporation $CTSH Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC lowered its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,262 shares of the information technology service provider’s stock after selling 575 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Cognizant Technology Solutions were worth $1,113,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CTSH. Goldman Sachs Group Inc. increased its stake in shares of Cognizant Technology Solutions by 117.5% in the first quarter. Goldman Sachs Group Inc. now owns 6,805,893 shares of the information technology service provider’s stock worth $520,651,000 after acquiring an additional 3,677,145 shares during the period. Amundi increased its stake in shares of Cognizant Technology Solutions by 61.6% in the first quarter. Amundi now owns 4,519,912 shares of the information technology service provider’s stock worth $331,584,000 after acquiring an additional 1,723,335 shares during the period. Pacer Advisors Inc. increased its stake in shares of Cognizant Technology Solutions by 2,585.0% in the first quarter. Pacer Advisors Inc. now owns 1,776,601 shares of the information technology service provider’s stock worth $135,910,000 after acquiring an additional 1,710,433 shares during the period. Invesco Ltd. increased its stake in shares of Cognizant Technology Solutions by 13.3% in the first quarter. Invesco Ltd. now owns 12,077,445 shares of the information technology service provider’s stock worth $923,925,000 after acquiring an additional 1,422,265 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Cognizant Technology Solutions in the first quarter worth $90,194,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of CTSH opened at $67.66 on Friday. Cognizant Technology Solutions Corporation has a 1-year low of $65.17 and a 1-year high of $90.82. The stock has a market cap of $33.05 billion, a PE ratio of 13.75, a P/E/G ratio of 1.41 and a beta of 0.95. The firm has a 50-day simple moving average of $70.16 and a two-hundred day simple moving average of $74.40. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The business had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.17 billion. During the same period last year, the business earned $1.17 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. As a group, analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were issued a $0.31 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. Cognizant Technology Solutions’s payout ratio is 25.20%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CTSH. Guggenheim upgraded shares of Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Friday, July 18th. JPMorgan Chase & Co. dropped their price target on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Wall Street Zen lowered shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Evercore ISI assumed coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They set an “outperform” rating and a $100.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They set a “hold” rating and a $80.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $86.79.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.