Cullen Frost Bankers Inc. Trims Stake in Cognizant Technology Solutions Corporation $CTSH

Cullen Frost Bankers Inc. reduced its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 4.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,854 shares of the information technology service provider’s stock after selling 823 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Cognizant Technology Solutions were worth $1,315,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Hilltop National Bank purchased a new position in Cognizant Technology Solutions during the second quarter valued at approximately $27,000. Geneos Wealth Management Inc. grew its holdings in Cognizant Technology Solutions by 118.8% in the first quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock valued at $44,000 after purchasing an additional 309 shares during the period. WPG Advisers LLC acquired a new stake in Cognizant Technology Solutions in the first quarter valued at approximately $61,000. Zions Bancorporation National Association UT acquired a new stake in Cognizant Technology Solutions in the first quarter valued at approximately $66,000. Finally, Golden State Wealth Management LLC grew its holdings in Cognizant Technology Solutions by 290.9% in the first quarter. Golden State Wealth Management LLC now owns 899 shares of the information technology service provider’s stock valued at $69,000 after purchasing an additional 669 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Stock Performance

Shares of NASDAQ:CTSH opened at $68.03 on Friday. 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 50 day moving average price is $69.11 and its 200-day moving average price is $73.62. The firm has a market capitalization of $33.23 billion, a PE ratio of 13.83, a P/E/G ratio of 1.42 and a beta of 0.95. Cognizant Technology Solutions Corporation has a 1 year low of $65.15 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. The firm had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.17 billion. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The business’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. As a group, equities research analysts expect 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 announced 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 1.8%. The ex-dividend date was Monday, August 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 25.20%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Citigroup assumed coverage on Cognizant Technology Solutions in a report on Thursday. They issued a “neutral” rating and a $75.00 price objective on the stock. Evercore ISI assumed coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an “outperform” rating and a $100.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Guggenheim reissued a “buy” rating and issued a $85.00 price objective (down from $90.00) on shares of Cognizant Technology Solutions in a report on Tuesday. Finally, Wall Street Zen lowered Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Six analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $85.44.

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.