Cognizant Technology Solutions Corporation $CTSH Position Trimmed by Grimes & Company Inc.

Grimes & Company Inc. trimmed its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 2.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 149,281 shares of the information technology service provider’s stock after selling 3,206 shares during the period. Grimes & Company Inc.’s holdings in Cognizant Technology Solutions were worth $11,648,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Hilltop National Bank acquired a new position in Cognizant Technology Solutions in the 2nd quarter worth approximately $27,000. Geneos Wealth Management Inc. boosted its stake in Cognizant Technology Solutions by 118.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock worth $44,000 after purchasing an additional 309 shares during the period. WPG Advisers LLC acquired a new position in Cognizant Technology Solutions in the 1st quarter worth approximately $61,000. Zions Bancorporation National Association UT acquired a new position in Cognizant Technology Solutions in the 1st quarter worth approximately $66,000. Finally, Golden State Wealth Management LLC boosted its stake in Cognizant Technology Solutions by 290.9% in the 1st quarter. Golden State Wealth Management LLC now owns 899 shares of the information technology service provider’s stock worth $69,000 after purchasing an additional 669 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Stock Performance

NASDAQ CTSH opened at $67.66 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41. The firm has a market capitalization of $33.05 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 1.41 and a beta of 0.95. The company’s fifty day moving average is $70.16 and its two-hundred day moving average is $74.38. Cognizant Technology Solutions Corporation has a 52-week low of $65.17 and a 52-week high of $90.82.

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

Cognizant Technology Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, August 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 25.20%.

Analyst Ratings Changes

CTSH has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Guggenheim raised shares of Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Friday, July 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research note on Saturday, September 27th. JPMorgan Chase & Co. cut their target price on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Finally, Evercore ISI assumed coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued an “outperform” rating and a $100.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently 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.