Blue Trust Inc. Increases Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Blue Trust Inc. boosted its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 247.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,474 shares of the information technology service provider’s stock after buying an additional 3,185 shares during the quarter. Blue Trust Inc.’s holdings in Cognizant Technology Solutions were worth $349,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in shares of Cognizant Technology Solutions by 117.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,805,893 shares of the information technology service provider’s stock worth $520,651,000 after purchasing an additional 3,677,145 shares during the period. Amundi boosted its position in shares of Cognizant Technology Solutions by 61.6% during the first quarter. Amundi now owns 4,519,912 shares of the information technology service provider’s stock valued at $331,584,000 after buying an additional 1,723,335 shares during the period. Pacer Advisors Inc. boosted its position in shares of Cognizant Technology Solutions by 2,585.0% during the first quarter. Pacer Advisors Inc. now owns 1,776,601 shares of the information technology service provider’s stock valued at $135,910,000 after buying an additional 1,710,433 shares during the period. Invesco Ltd. boosted its position in shares of Cognizant Technology Solutions by 13.3% during the first quarter. Invesco Ltd. now owns 12,077,445 shares of the information technology service provider’s stock valued at $923,925,000 after buying an additional 1,422,265 shares during the period. Finally, Nuveen LLC purchased a new position in Cognizant Technology Solutions during the 1st quarter valued at $90,194,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Price Performance

Shares of CTSH opened at $66.34 on Tuesday. The company has a 50 day moving average price of $69.51 and a 200-day moving average price of $73.96. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.17 and a fifty-two week high of $90.82. The stock has a market capitalization of $32.40 billion, a PE ratio of 13.48, a PEG ratio of 1.37 and a beta of 0.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current 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, topping the consensus estimate 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%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. Equities analysts predict that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, August 18th. Cognizant Technology Solutions’s dividend payout ratio is 25.20%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CTSH. Weiss Ratings restated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They set a “hold” rating and a $80.00 target price for the company. 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 report on Friday, July 18th. 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 price objective for the company. Finally, JPMorgan Chase & Co. lowered their price target on Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Five investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently 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.