Cognizant Technology Solutions Corporation $CTSH Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,854,530 shares of the information technology service provider’s stock after acquiring an additional 746,732 shares during the period. Vanguard Group Inc. owned about 0.12% of Cognizant Technology Solutions worth $4,670,449,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CTSH. Hilltop National Bank purchased a new stake in Cognizant Technology Solutions in the second quarter valued at $27,000. NewSquare Capital LLC lifted its holdings in shares of 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 valued at $29,000 after buying an additional 153 shares during the period. Geneos Wealth Management Inc. boosted 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 buying an additional 309 shares during the last quarter. WPG Advisers LLC acquired a new stake in Cognizant Technology Solutions during the first quarter worth about $61,000. Finally, Zions Bancorporation National Association UT purchased a new position in Cognizant Technology Solutions during the first quarter valued at approximately $66,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on CTSH shares. Weiss Ratings restated a “hold (c)” rating on shares of Cognizant Technology Solutions in a research report on Thursday, October 30th. Citigroup began coverage on shares of Cognizant Technology Solutions in a report on Thursday, October 23rd. They set a “neutral” rating and a $75.00 price target on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $84.00 price objective on shares of Cognizant Technology Solutions in a report on Wednesday, October 29th. Wells Fargo & Company increased their target price on shares of Cognizant Technology Solutions from $82.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Mizuho set a $85.00 target price on Cognizant Technology Solutions in a research report on Thursday, October 30th. Six investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Cognizant Technology Solutions has an average rating of “Hold” and a consensus target price of $85.19.

Cognizant Technology Solutions Stock Up 0.8%

CTSH stock opened at $72.29 on Thursday. Cognizant Technology Solutions Corporation has a 52 week low of $65.15 and a 52 week high of $90.82. 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 firm has a 50-day simple moving average of $69.37 and a 200-day simple moving average of $73.77. The stock has a market capitalization of $34.89 billion, a P/E ratio of 16.77, a P/E/G ratio of 1.47 and a beta of 0.98.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share 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 firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same period last year, the company posted $1.25 EPS. Cognizant Technology Solutions’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. Equities analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

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

Insider Buying and Selling

In other Cognizant Technology Solutions 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 owned 36,630 shares in the company, valued at approximately $2,753,843.40. This trade represents a 6.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.32% of the company’s stock.

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.