Aberdeen Group plc Boosts Holdings in Cognizant Technology Solutions Corporation $CTSH

Aberdeen Group plc increased its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 6.4% during the second quarter, Holdings Channel.com reports. The firm owned 438,507 shares of the information technology service provider’s stock after acquiring an additional 26,241 shares during the quarter. Aberdeen Group plc’s holdings in Cognizant Technology Solutions were worth $34,111,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CTSH. Brighton Jones LLC bought a new stake in shares of Cognizant Technology Solutions during the 4th quarter valued at about $214,000. Farther Finance Advisors LLC raised its holdings in shares of Cognizant Technology Solutions by 14.0% during the first quarter. Farther Finance Advisors LLC now owns 4,814 shares of the information technology service provider’s stock valued at $368,000 after purchasing an additional 591 shares during the last quarter. GAMMA Investing LLC increased its holdings in Cognizant Technology Solutions by 19.9% during the first quarter. GAMMA Investing LLC now owns 12,059 shares of the information technology service provider’s stock valued at $923,000 after buying an additional 2,002 shares during the last quarter. Simon Quick Advisors LLC purchased a new stake in shares of Cognizant Technology Solutions in the first quarter worth $225,000. Finally, Fifth Third Bancorp boosted its position in shares of Cognizant Technology Solutions by 5.9% during the first quarter. Fifth Third Bancorp now owns 16,921 shares of the information technology service provider’s stock worth $1,294,000 after acquiring an additional 936 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CTSH shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research report on Wednesday, October 8th. Wall Street Zen lowered Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Evercore ISI started coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They set an “outperform” rating and a $100.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on 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. Finally, Guggenheim upgraded Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Friday, July 18th. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $86.79.

Cognizant Technology Solutions Stock Down 4.1%

Shares of NASDAQ CTSH opened at $65.80 on Monday. The business has a 50-day moving average of $69.60 and a two-hundred day moving average of $74.03. The company has a market capitalization of $32.14 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 1.37 and a beta of 0.95. 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 Corporation has a 1 year low of $65.17 and a 1 year high of $90.82.

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

Cognizant Technology Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 18th were paid a dividend of $0.31 per share. 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 currently 25.20%.

About Cognizant Technology Solutions

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.