KBC Group NV Cuts Stake in Cognizant Technology Solutions Corporation $CTSH

KBC Group NV lessened its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 23.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,524,703 shares of the information technology service provider’s stock after selling 480,129 shares during the period. KBC Group NV owned approximately 0.31% of Cognizant Technology Solutions worth $118,973,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in Cognizant Technology Solutions during the 4th quarter worth about $214,000. Allworth Financial LP raised its position in Cognizant Technology Solutions by 7.1% during the 1st quarter. Allworth Financial LP now owns 2,803 shares of the information technology service provider’s stock worth $202,000 after buying an additional 186 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Cognizant Technology Solutions by 12.8% in the 1st quarter. Cerity Partners LLC now owns 98,900 shares of the information technology service provider’s stock valued at $7,566,000 after acquiring an additional 11,211 shares during the last quarter. CWM LLC increased its stake in shares of Cognizant Technology Solutions by 0.8% in the first quarter. CWM LLC now owns 78,715 shares of the information technology service provider’s stock worth $6,022,000 after acquiring an additional 658 shares during the period. Finally, Signaturefd LLC lifted its position in Cognizant Technology Solutions by 23.1% during the first quarter. Signaturefd LLC now owns 9,331 shares of the information technology service provider’s stock valued at $714,000 after purchasing an additional 1,751 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

CTSH has been the subject of a number of recent research reports. Mizuho set a $85.00 price objective on Cognizant Technology Solutions in a research note on Thursday, October 30th. UBS Group set a $78.00 price target on Cognizant Technology Solutions and gave the company a “neutral” rating in a report on Thursday, October 30th. Evercore ISI assumed coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued an “outperform” rating and a $100.00 price objective on the stock. Royal Bank Of Canada cut their target price on shares of Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating for the company in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Six analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $85.19.

Cognizant Technology Solutions Trading Up 0.3%

Shares of Cognizant Technology Solutions stock opened at $73.13 on Wednesday. Cognizant Technology Solutions Corporation has a 1-year low of $65.15 and a 1-year high of $90.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 2.41. The stock has a market cap of $35.72 billion, a P/E ratio of 16.97, a P/E/G ratio of 1.47 and a beta of 0.98. The stock’s 50 day simple moving average is $69.18 and its 200-day simple moving average is $73.84.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.30 by $0.09. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.32 billion. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. Analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 18th will be issued a $0.31 dividend. 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 dividend payout ratio is currently 28.77%.

Insider Buying and Selling at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 2,500 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer owned 36,630 shares of the company’s stock, valued at $2,753,843.40. The trade was a 6.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.32% of the company’s stock.

Cognizant Technology Solutions Profile

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.