Profund Advisors LLC Buys 3,887 Shares of Cognizant Technology Solutions Corporation $CTSH

Profund Advisors LLC lifted its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,212 shares of the information technology service provider’s stock after buying an additional 3,887 shares during the quarter. Profund Advisors LLC’s holdings in Cognizant Technology Solutions were worth $3,450,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CTSH. Hilltop National Bank bought a new stake in shares of Cognizant Technology Solutions in the 2nd quarter valued at about $27,000. NewSquare Capital LLC increased its position in Cognizant Technology Solutions by 71.8% during the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock worth $29,000 after buying an additional 153 shares during the last quarter. Geneos Wealth Management Inc. raised its stake 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 buying an additional 309 shares during the period. WPG Advisers LLC bought a new position in shares of Cognizant Technology Solutions during the 1st quarter worth approximately $61,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Cognizant Technology Solutions during the 1st quarter worth approximately $66,000. 92.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on CTSH shares. Citigroup started coverage on shares of Cognizant Technology Solutions in a report on Thursday, October 23rd. They issued a “neutral” rating and a $75.00 price objective on the stock. JPMorgan Chase & Co. increased their price target on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Evercore ISI began coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They set an “outperform” rating and a $100.00 price objective for the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $84.00 target price on shares of Cognizant Technology Solutions in a research note on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cognizant Technology Solutions in a research report on Thursday, October 30th. Six analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.19.

Cognizant Technology Solutions Stock Up 0.5%

Cognizant Technology Solutions stock opened at $73.20 on Monday. The firm has a 50 day moving average price of $69.14 and a two-hundred day moving average price of $73.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.36. Cognizant Technology Solutions Corporation has a 52-week low of $65.15 and a 52-week high of $90.82. The firm has a market cap of $35.75 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.47 and a beta of 0.98.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.09. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the previous year, the business earned $1.25 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. 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 Announces Dividend

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

Insider Buying and Selling at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $75.18, for a total value of $187,950.00. Following the transaction, the chief accounting officer owned 36,630 shares of the company’s stock, valued at approximately $2,753,843.40. The trade was a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is owned by insiders.

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.