Cognizant Technology Solutions Corporation $CTSH Shares Sold by PNC Financial Services Group Inc.

Posted by Brenda Bartman on Jul 28th, 2026

PNC Financial Services Group Inc. cut its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH – Free Report) by 15.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,220 shares of the information technology service provider’s stock after selling 16,810 shares during the period. PNC Financial Services Group Inc.’s holdings in Cognizant Technology Solutions were worth $5,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Cognizant Technology Solutions in the 4th quarter valued at $690,959,000. GQG Partners LLC acquired a new position in shares of Cognizant Technology Solutions during the 4th quarter valued at about $673,651,000. Cibc World Markets Corp acquired a new position in shares of Cognizant Technology Solutions during the 4th quarter valued at about $234,671,000. Pzena Investment Management LLC grew its holdings in shares of Cognizant Technology Solutions by 14.9% in the first quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock valued at $1,243,096,000 after purchasing an additional 2,633,683 shares during the period. Finally, FIL Ltd grew its holdings in shares of Cognizant Technology Solutions by 46.6% in the fourth quarter. FIL Ltd now owns 6,680,508 shares of the information technology service provider’s stock valued at $554,482,000 after purchasing an additional 2,122,600 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of CTSH opened at $47.05 on Tuesday. The firm has a 50-day simple moving average of $47.05 and a two-hundred day simple moving average of $59.25. The stock has a market cap of $22.30 billion, a PE ratio of 10.23, a P/E/G ratio of 0.99 and a beta of 0.87. Cognizant Technology Solutions Corporation has a 1-year low of $37.08 and a 1-year high of $87.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.23 and a quick ratio of 2.23.

Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.33 by $0.07. The firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.41 billion. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.23 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio is 28.70%.

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 purchase up to 9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CTSH shares. UBS Group reduced their target price on shares of Cognizant Technology Solutions from $60.00 to $55.00 in a research note on Monday, May 11th. BMO Capital Markets dropped their price target on shares of Cognizant Technology Solutions from $83.00 to $63.00 in a research note on Thursday, April 30th. JPMorgan Chase & Co. cut their price target on shares of Cognizant Technology Solutions from $74.00 to $55.00 and set an “overweight” rating for the company in a report on Friday. Mizuho reduced their price target on shares of Cognizant Technology Solutions from $87.00 to $68.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Finally, TD Cowen reduced their price target on shares of Cognizant Technology Solutions from $62.00 to $47.00 and set a “hold” rating on the stock in a research report on Friday, June 26th. Ten investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, Cognizant Technology Solutions has a consensus rating of “Hold” and an average price target of $61.35.

View Our Latest Stock Report on CTSH

Cognizant Technology Solutions 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.