Cibc World Market Inc. Increases Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Cibc World Market Inc. boosted its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSHFree Report) by 4.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,618,672 shares of the information technology service provider’s stock after acquiring an additional 100,546 shares during the quarter. Cibc World Market Inc.’s holdings in Cognizant Technology Solutions were worth $217,350,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Cognizant Technology Solutions by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 60,348,442 shares of the information technology service provider’s stock valued at $4,047,570,000 after acquiring an additional 493,912 shares during the period. Pzena Investment Management LLC increased its stake in shares of Cognizant Technology Solutions by 1.5% during the third quarter. Pzena Investment Management LLC now owns 17,710,868 shares of the information technology service provider’s stock worth $1,187,868,000 after buying an additional 260,177 shares during the period. Invesco Ltd. increased its stake in shares of Cognizant Technology Solutions by 8.6% during the third quarter. Invesco Ltd. now owns 12,534,198 shares of the information technology service provider’s stock worth $840,669,000 after buying an additional 987,395 shares during the period. First Trust Advisors LP increased its stake in shares of Cognizant Technology Solutions by 7.6% during the third quarter. First Trust Advisors LP now owns 9,085,998 shares of the information technology service provider’s stock worth $609,398,000 after buying an additional 639,801 shares during the period. Finally, Norges Bank purchased a new stake in shares of Cognizant Technology Solutions during the fourth quarter worth approximately $690,959,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH opened at $53.51 on Thursday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a twelve month low of $45.48 and a twelve month high of $87.03. The stock has a 50 day moving average of $55.92 and a two-hundred day moving average of $68.72. The stock has a market cap of $25.36 billion, a P/E ratio of 11.63, a P/E/G ratio of 1.16 and a beta of 0.81.

Cognizant Technology Solutions (NASDAQ:CTSHGet Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The company had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.41 billion. During the same quarter in the previous year, the business earned $1.23 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. On average, research analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current year.

Cognizant Technology Solutions announced that its Board of Directors has authorized a share buyback plan on Monday, May 18th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the information technology service provider to buy up to 9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Cognizant Technology Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th were paid a $0.33 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.5%. Cognizant Technology Solutions’s payout ratio is currently 28.70%.

Key Headlines Impacting Cognizant Technology Solutions

Here are the key news stories impacting Cognizant Technology Solutions this week:

Analyst Ratings Changes

CTSH has been the subject of a number of research analyst reports. BMO Capital Markets lowered their price target on Cognizant Technology Solutions from $83.00 to $63.00 in a report on Thursday, April 30th. Nomura boosted their price objective on shares of Cognizant Technology Solutions from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Citigroup reduced their price objective on shares of Cognizant Technology Solutions from $58.00 to $51.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Wedbush reduced their price objective on shares of Cognizant Technology Solutions from $61.00 to $56.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group set a $75.00 price objective on shares of Cognizant Technology Solutions in a research report on Wednesday, April 29th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, Cognizant Technology Solutions has an average rating of “Hold” and an average price target of $72.68.

View Our Latest Report on Cognizant Technology Solutions

Cognizant Technology Solutions Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cognizant Technology Solutions (NASDAQ:CTSH)

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