Cognizant Technology Solutions Corporation $CTSH Shares Sold by WASHINGTON TRUST Co

WASHINGTON TRUST Co trimmed its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 5.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,490 shares of the information technology service provider’s stock after selling 3,027 shares during the quarter. WASHINGTON TRUST Co’s holdings in Cognizant Technology Solutions were worth $4,486,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of CTSH. Hilltop National Bank acquired a new stake in shares of Cognizant Technology Solutions during the 2nd quarter valued at $27,000. NewSquare Capital LLC lifted its position in Cognizant Technology Solutions by 71.8% in the 2nd 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 in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of 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 worth $44,000 after acquiring an additional 309 shares during the last quarter. WPG Advisers LLC acquired a new position in Cognizant Technology Solutions in the 1st quarter worth about $61,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Cognizant Technology Solutions in the 1st quarter valued at approximately $66,000. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Trading Up 0.3%

CTSH traded up $0.23 during trading hours on Thursday, reaching $74.43. 248,129 shares of the company’s stock traded hands, compared to its average volume of 3,988,656. The firm has a market capitalization of $35.92 billion, a PE ratio of 17.27, a PEG 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. Cognizant Technology Solutions Corporation has a 52-week low of $65.15 and a 52-week high of $90.82. The firm has a 50-day moving average price of $69.23 and a 200 day moving average price of $73.84.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $5.32 billion. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The firm’s quarterly 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. As a group, sell-side analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

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

Insider Buying and Selling at Cognizant Technology Solutions

In related news, CAO John Sunshin Kim sold 2,500 shares of Cognizant Technology Solutions stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Mizuho set a $85.00 price objective on shares of Cognizant Technology Solutions in a research note on Thursday, October 30th. UBS Group set a $78.00 price target on shares of Cognizant Technology Solutions and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Wall Street Zen lowered Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Cognizant Technology Solutions in a research report on Thursday, October 30th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $84.00 target price on shares of Cognizant Technology Solutions in a research report on Wednesday, October 29th. Six investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $85.19.

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.