Cognizant Technology Solutions Corporation $CTSH Shares Bought by Board of the Pension Protection Fund

Board of the Pension Protection Fund boosted its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 385.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,600 shares of the information technology service provider’s stock after purchasing an additional 10,800 shares during the quarter. Board of the Pension Protection Fund’s holdings in Cognizant Technology Solutions were worth $1,061,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of Cognizant Technology Solutions in the fourth quarter valued at approximately $214,000. Farther Finance Advisors LLC raised its holdings in Cognizant Technology Solutions by 14.0% in the 1st quarter. Farther Finance Advisors LLC now owns 4,814 shares of the information technology service provider’s stock valued at $368,000 after acquiring an additional 591 shares during the last quarter. GAMMA Investing LLC raised its holdings in Cognizant Technology Solutions by 19.9% in the 1st quarter. GAMMA Investing LLC now owns 12,059 shares of the information technology service provider’s stock valued at $923,000 after acquiring an additional 2,002 shares during the last quarter. Simon Quick Advisors LLC acquired a new position in Cognizant Technology Solutions in the 1st quarter valued at $225,000. Finally, Fifth Third Bancorp raised its holdings in Cognizant Technology Solutions by 5.9% in the 1st quarter. Fifth Third Bancorp now owns 16,921 shares of the information technology service provider’s stock valued at $1,294,000 after acquiring an additional 936 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Cognizant Technology Solutions stock opened at $65.80 on Friday. Cognizant Technology Solutions Corporation has a 52-week low of $65.17 and a 52-week high of $90.82. The firm has a fifty day moving average of $69.60 and a 200-day moving average of $74.06. The firm has a market capitalization of $32.14 billion, a P/E ratio of 13.37, a PEG ratio of 1.37 and a beta of 0.95. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data 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. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The company had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.17 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. As a group, analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 18th were paid 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 1.9%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 25.20%.

Analyst Upgrades and Downgrades

CTSH has been the subject of several analyst reports. Wall Street Zen lowered 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They set a “hold” rating and a $80.00 price objective for the company. JPMorgan Chase & Co. dropped their price target 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 began 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 for the company. Five research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $86.79.

Cognizant Technology Solutions 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.