DekaBank Deutsche Girozentrale Purchases 1,790 Shares of Cognizant Technology Solutions Corporation $CTSH

DekaBank Deutsche Girozentrale grew its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 0.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,275,786 shares of the information technology service provider’s stock after acquiring an additional 1,790 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Cognizant Technology Solutions were worth $99,428,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Unison Advisors LLC increased its holdings in shares of Cognizant Technology Solutions by 0.5% during the second quarter. Unison Advisors LLC now owns 29,843 shares of the information technology service provider’s stock valued at $2,329,000 after acquiring an additional 135 shares in the last quarter. Sentry Investment Management LLC bought a new position in shares of Cognizant Technology Solutions during the second quarter valued at about $123,000. Chicago Partners Investment Group LLC lifted its position in shares of Cognizant Technology Solutions by 11.8% during the second quarter. Chicago Partners Investment Group LLC now owns 7,699 shares of the information technology service provider’s stock valued at $594,000 after purchasing an additional 815 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Cognizant Technology Solutions during the second quarter valued at about $74,917,000. Finally, Foster & Motley Inc. lifted its position in shares of Cognizant Technology Solutions by 10.4% during the second quarter. Foster & Motley Inc. now owns 75,321 shares of the information technology service provider’s stock valued at $5,877,000 after purchasing an additional 7,109 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CTSH. Guggenheim raised shares of 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. Wall Street Zen downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued a “hold” rating and a $80.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on 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. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $86.79.

Cognizant Technology Solutions Stock Up 0.9%

Shares of NASDAQ CTSH opened at $66.70 on Tuesday. Cognizant Technology Solutions Corporation has a one year low of $65.15 and a one year high of $90.82. 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 business’s fifty day moving average price is $69.18 and its 200-day moving average price is $73.69. The stock has a market capitalization of $32.58 billion, a PE ratio of 13.56, a P/E/G ratio of 1.37 and a beta of 0.95.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The firm had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.17 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The business’s revenue for the quarter 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. On average, equities research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

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

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.