Cognizant Technology Solutions Corporation $CTSH Holdings Boosted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 12.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 339,002 shares of the information technology service provider’s stock after purchasing an additional 36,355 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Cognizant Technology Solutions were worth $26,452,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Unison Advisors LLC raised its position in 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 buying an additional 135 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Cognizant Technology Solutions by 1.7% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,733 shares of the information technology service provider’s stock valued at $668,000 after purchasing an additional 149 shares during the period. NewSquare Capital LLC lifted its position in shares of Cognizant Technology Solutions by 71.8% in the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock worth $29,000 after purchasing an additional 153 shares in the last quarter. Kesler Norman & Wride LLC boosted its holdings in shares of Cognizant Technology Solutions by 1.6% during the second quarter. Kesler Norman & Wride LLC now owns 11,289 shares of the information technology service provider’s stock worth $881,000 after purchasing an additional 179 shares during the period. Finally, Allworth Financial LP grew its position in Cognizant Technology Solutions by 7.1% during the first quarter. Allworth Financial LP now owns 2,803 shares of the information technology service provider’s stock valued at $202,000 after purchasing an additional 186 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Buying and Selling

In other news, CAO John Sunshin Kim sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $75.18, for a total transaction of $187,950.00. Following the completion of the transaction, the chief accounting officer directly owned 36,630 shares in the company, valued at $2,753,843.40. The trade was a 6.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CTSH has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Cognizant Technology Solutions in a research note on Thursday, October 30th. UBS Group set a $78.00 target price on Cognizant Technology Solutions and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft assumed coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They set a “hold” rating and a $80.00 price target for the company. Citigroup initiated coverage on Cognizant Technology Solutions in a report on Thursday, October 23rd. They issued a “neutral” rating and a $75.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on shares of Cognizant Technology Solutions from $82.00 to $87.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Six analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $85.19.

Cognizant Technology Solutions Trading Up 0.5%

Shares of CTSH stock opened at $73.20 on Monday. Cognizant Technology Solutions Corporation has a 12 month low of $65.15 and a 12 month high of $90.82. The company has a market cap of $35.75 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 1.47 and a beta of 0.98. The company has a quick ratio of 2.41, a current ratio of 2.36 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $69.14 and its two-hundred day moving average is $73.83.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.09. The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.32 billion. Cognizant Technology Solutions had a net margin of 10.20% and a return on equity of 17.00%. Cognizant Technology Solutions’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. Equities analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.7%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.77%.

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.