Quadrant Capital Group LLC purchased a new position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,864 shares of the information technology service provider’s stock, valued at approximately $1,486,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CTSH. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Cognizant Technology Solutions in the first quarter worth about $29,510,000. Artemis Investment Management LLP grew its holdings in Cognizant Technology Solutions by 289.6% during the 3rd quarter. Artemis Investment Management LLP now owns 2,905,584 shares of the information technology service provider’s stock valued at $166,897,000 after buying an additional 2,159,704 shares in the last quarter. Ancora Advisors LLC purchased a new position in Cognizant Technology Solutions during the 2nd quarter valued at approximately $2,929,000. Pzena Investment Management LLC grew its holdings in Cognizant Technology Solutions by 14.9% during the 1st 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 buying an additional 2,633,683 shares in the last quarter. Finally, Corient Private Wealth LLC increased its stake in Cognizant Technology Solutions by 44.4% in the 4th quarter. Corient Private Wealth LLC now owns 108,131 shares of the information technology service provider’s stock worth $8,977,000 after acquiring an additional 33,248 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.
Cognizant Technology Solutions Stock Up 6.0%
NASDAQ:CTSH opened at $73.72 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.18 and a quick ratio of 2.18. The firm has a market cap of $33.21 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 1.30 and a beta of 0.86. The company has a 50-day moving average of $61.35 and a 200 day moving average of $54.63. Cognizant Technology Solutions Corporation has a 1-year low of $37.08 and a 1-year high of $87.03.
Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.01). Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%. The company had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the firm posted $1.31 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. As a group, research analysts anticipate that Cognizant Technology Solutions Corporation will post 5.74 EPS for the current fiscal year.
Cognizant Technology Solutions Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 18th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, August 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.39%.
More Cognizant Technology Solutions News
Here are the key news stories impacting Cognizant Technology Solutions this week:
- Positive Sentiment: AI Nexus launch expands enterprise AI offering. Cognizant introduced AI Nexus, a modular, multi-model operating layer designed to help businesses control AI spending, monitor quality and measure outcomes. The platform is intended to accelerate returns on AI investments while allowing enterprises to use infrastructure they own, potentially supporting consulting demand and recurring technology services revenue. Introducing Cognizant AI Nexus
- Positive Sentiment: DyFlex acquisition deepens SAP and AI capabilities. Cognizant agreed to acquire Australia- and New Zealand-based DyFlex Solutions, combining DyFlex’s SAP advisory, implementation and managed-services expertise—including SAP Public Cloud—with Cognizant’s AI assets and global delivery scale. The deal should improve Cognizant’s ability to deliver AI-led transformation projects for SAP customers in the region. Cognizant to Acquire DyFlex Solutions
- Positive Sentiment: Wedbush views the DyFlex deal favorably. Analyst commentary indicates the acquisition could boost Cognizant’s SAP presence and AI capabilities, reinforcing investor expectations that the company can capture more enterprise AI spending. Wedbush on Cognizant’s DyFlex Acquisition
- Neutral Sentiment: Unusually high call-option activity signals speculative bullish interest. Investors purchased 10,781 call options, about 130% above typical daily volume. This may reflect expectations for further gains, but options activity alone does not change Cognizant’s fundamentals.
- Negative Sentiment: Pre-earnings analysis points to limited beat potential. Zacks expects earnings to grow but says Cognizant lacks the combination of factors that typically supports a likely earnings surprise ahead of next week’s report. This could temper enthusiasm if results or guidance fail to exceed expectations. Cognizant Earnings Preview
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. HSBC decreased their price target on shares of Cognizant Technology Solutions from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Mizuho set a $64.00 price objective on shares of Cognizant Technology Solutions in a research note on Thursday, August 6th. TD Cowen restated a “hold” rating and set a $60.00 target price (up from $54.00) on shares of Cognizant Technology Solutions in a research report on Tuesday, October 13th. Citigroup restated a “neutral” rating on shares of Cognizant Technology Solutions in a research report on Monday. Finally, Daiwa Securities Group increased their price target on shares of Cognizant Technology Solutions from $42.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, September 25th. Ten analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $64.70.
Read Our Latest Stock Analysis on Cognizant Technology Solutions
Cognizant Technology Solutions Profile
Cognizant Technology Solutions Corporation is a global information technology services and consulting company that helps organizations modernize their technology infrastructure, operations and customer experiences. The company serves businesses across industries including financial services, healthcare, life sciences, manufacturing, retail and communications.
Cognizant’s services include consulting, application development and modernization, cloud computing, data and artificial intelligence, digital engineering, cybersecurity and business process services.
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