New York State Teachers Retirement System Has $35.81 Million Holdings in Cognizant Technology Solutions Corporation $CTSH

New York State Teachers Retirement System increased its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 4.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 458,894 shares of the information technology service provider’s stock after purchasing an additional 17,490 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Cognizant Technology Solutions worth $35,807,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CTSH. Brighton Jones LLC acquired a new position in Cognizant Technology Solutions in the 4th quarter worth $214,000. GAMMA Investing LLC boosted its stake 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 worth $923,000 after purchasing an additional 2,002 shares during the period. Ritholtz Wealth Management boosted its stake in Cognizant Technology Solutions by 21.0% in the 1st quarter. Ritholtz Wealth Management now owns 10,531 shares of the information technology service provider’s stock worth $806,000 after purchasing an additional 1,827 shares during the period. Janney Montgomery Scott LLC boosted its stake in Cognizant Technology Solutions by 40.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 28,047 shares of the information technology service provider’s stock worth $2,146,000 after purchasing an additional 8,116 shares during the period. Finally, Sagespring Wealth Partners LLC boosted its stake in shares of Cognizant Technology Solutions by 36.5% during the 1st quarter. Sagespring Wealth Partners LLC now owns 5,559 shares of the information technology service provider’s stock worth $425,000 after buying an additional 1,487 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed 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. reduced their price objective on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Guggenheim upgraded 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 restated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Five investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $86.79.

Cognizant Technology Solutions Trading Down 1.9%

Shares of NASDAQ:CTSH opened at $65.47 on Friday. Cognizant Technology Solutions Corporation has a 52-week low of $65.15 and a 52-week high of $90.82. The company has a market capitalization of $31.98 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 1.39 and a beta of 0.95. The company has a 50-day simple moving average of $69.30 and a 200 day simple moving average of $73.79. 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 issued its earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.05. The business had revenue of $5.25 billion during the quarter, compared to the consensus estimate 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 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. Sell-side analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions’s dividend payout ratio 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.