Mitsubishi UFJ Trust & Banking Corp Has $62.31 Million Position in Cognizant Technology Solutions Corporation $CTSH

Mitsubishi UFJ Trust & Banking Corp raised its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 12.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 798,527 shares of the information technology service provider’s stock after buying an additional 88,296 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.16% of Cognizant Technology Solutions worth $62,309,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC bought a new position in Cognizant Technology Solutions during the fourth quarter worth about $214,000. Allworth Financial LP lifted its position in shares of Cognizant Technology Solutions by 7.1% during the 1st quarter. Allworth Financial LP now owns 2,803 shares of the information technology service provider’s stock worth $202,000 after buying an additional 186 shares during the period. Cerity Partners LLC boosted its stake in Cognizant Technology Solutions by 12.8% in the 1st quarter. Cerity Partners LLC now owns 98,900 shares of the information technology service provider’s stock valued at $7,566,000 after buying an additional 11,211 shares in the last quarter. CWM LLC grew its position in Cognizant Technology Solutions by 0.8% in the first quarter. CWM LLC now owns 78,715 shares of the information technology service provider’s stock valued at $6,022,000 after acquiring an additional 658 shares during the period. Finally, Signaturefd LLC raised its stake in Cognizant Technology Solutions by 23.1% during the first quarter. Signaturefd LLC now owns 9,331 shares of the information technology service provider’s stock worth $714,000 after acquiring an additional 1,751 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Cognizant Technology Solutions Price Performance

Cognizant Technology Solutions stock opened at $74.20 on Thursday. The business’s 50-day simple moving average is $69.23 and its 200 day simple moving average is $73.84. 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 stock has a market cap of $35.81 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 1.47 and a beta of 0.98. Cognizant Technology Solutions Corporation has a 12-month low of $65.15 and a 12-month high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results 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 net margin of 10.20% and a return on equity of 17.00%. 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 prior year, the company posted $1.25 EPS. The company’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. As a group, research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

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 given a dividend of $0.31 per share. 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 payout ratio is presently 28.77%.

Insider Buying and Selling at Cognizant Technology Solutions

In other news, CAO John Sunshin Kim sold 2,500 shares of the firm’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 directly owned 36,630 shares in the company, valued at $2,753,843.40. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CTSH. Wall Street Zen lowered shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. UBS Group set a $78.00 price target on shares of Cognizant Technology Solutions and gave the company a “neutral” rating in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft began coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They set a “hold” rating and a $80.00 price objective 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 target price on the stock. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $84.00 price target on shares of Cognizant Technology Solutions in a report on Wednesday, October 29th. Six analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $85.19.

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.