Lbp Am Sa Sells 154,431 Shares of Cognizant Technology Solutions Corporation $CTSH

Lbp Am Sa trimmed its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 60.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 103,016 shares of the information technology service provider’s stock after selling 154,431 shares during the period. Lbp Am Sa’s holdings in Cognizant Technology Solutions were worth $8,550,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Flagship Harbor Advisors LLC bought a new position in shares of Cognizant Technology Solutions during the 4th quarter valued at about $28,000. Lodestone Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions in the fourth quarter worth about $28,000. JPL Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions in the third quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Cognizant Technology Solutions in the fourth quarter worth about $32,000. Finally, High Note Wealth LLC lifted its position in shares of Cognizant Technology Solutions by 22,450.0% in the third quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock worth $30,000 after buying an additional 449 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Trading Up 0.2%

Shares of CTSH stock opened at $60.53 on Friday. The company has a market cap of $28.95 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.31 and a beta of 0.98. Cognizant Technology Solutions Corporation has a 1 year low of $57.39 and a 1 year high of $87.03. The stock’s 50 day simple moving average is $63.37 and its two-hundred day simple moving average is $72.32. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.14 and a quick ratio of 2.14.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. Cognizant Technology Solutions had a return on equity of 17.17% and a net margin of 10.56%.The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.31 billion. During the same quarter in the previous year, the business earned $1.21 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. Research analysts predict that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.2%. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, February 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 29.01%.

Insider Buying and Selling at Cognizant Technology Solutions

In other news, insider Surya Gummadi sold 1,728 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $83.06, for a total value of $143,527.68. Following the completion of the sale, the insider owned 25,641 shares in the company, valued at approximately $2,129,741.46. This trade represents a 6.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CTSH. Royal Bank Of Canada raised their price target on Cognizant Technology Solutions from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Thursday, February 5th. Susquehanna reiterated a “positive” rating and set a $98.00 target price on shares of Cognizant Technology Solutions in a research report on Friday, January 23rd. Citigroup cut their target price on shares of Cognizant Technology Solutions from $86.00 to $68.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Morgan Stanley upped their price target on shares of Cognizant Technology Solutions from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Finally, BMO Capital Markets set a $83.00 price objective on shares of Cognizant Technology Solutions in a research report on Thursday, February 12th. Nine equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $85.47.

About Cognizant Technology Solutions

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.