Cognizant Technology Solutions Corporation $CTSH Shares Sold by KBC Group NV

KBC Group NV reduced its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 28.8% during the 4th quarter, Holdings Channel reports. The firm owned 792,789 shares of the information technology service provider’s stock after selling 321,051 shares during the quarter. KBC Group NV’s holdings in Cognizant Technology Solutions were worth $65,801,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Flagship Harbor Advisors LLC acquired a new stake in shares of Cognizant Technology Solutions in the fourth quarter worth approximately $28,000. Lodestone Wealth Management LLC acquired a new stake in shares of Cognizant Technology Solutions in the fourth quarter worth approximately $28,000. Towne Trust Company N.A boosted its stake in shares of Cognizant Technology Solutions by 85.0% in the fourth quarter. Towne Trust Company N.A now owns 370 shares of the information technology service provider’s stock worth $31,000 after acquiring an additional 170 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Cognizant Technology Solutions in the third quarter worth approximately $25,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Cognizant Technology Solutions in the fourth quarter worth approximately $32,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Surya Gummadi sold 1,728 shares of Cognizant Technology Solutions stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $83.06, for a total transaction of $143,527.68. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Mizuho set a $87.00 price target on Cognizant Technology Solutions in a research note on Monday, February 9th. Wedbush assumed coverage on Cognizant Technology Solutions in a research note on Thursday, April 9th. They issued a “neutral” rating and a $61.00 price target on the stock. Weiss Ratings lowered Cognizant Technology Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Susquehanna reaffirmed a “positive” rating and issued a $98.00 price target on shares of Cognizant Technology Solutions in a research note on Friday, January 23rd. Finally, Royal Bank Of Canada lifted their price target on Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th. Nine analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $85.47.

Cognizant Technology Solutions Stock Performance

Shares of Cognizant Technology Solutions stock opened at $60.53 on Friday. Cognizant Technology Solutions Corporation has a one year low of $57.39 and a one year high of $87.03. The company has a market cap of $28.95 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 1.31 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.14 and a current ratio of 2.14. The business’s 50 day moving average price is $63.37 and its 200 day moving average price is $72.32.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter last year, the business posted $1.21 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. On average, research analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

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

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.