Railway Pension Investments Ltd Purchases 70,900 Shares of Cognizant Technology Solutions Corporation $CTSH

Railway Pension Investments Ltd increased its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSHFree Report) by 16.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 505,480 shares of the information technology service provider’s stock after buying an additional 70,900 shares during the quarter. Railway Pension Investments Ltd’s holdings in Cognizant Technology Solutions were worth $19,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the stock. Prosperity Bancshares Inc bought a new position in shares of Cognizant Technology Solutions during the fourth quarter worth about $29,000. JPL Wealth Management LLC bought a new stake in Cognizant Technology Solutions in the 3rd quarter valued at about $25,000. Reflection Asset Management acquired a new position in shares of Cognizant Technology Solutions during the fourth quarter worth approximately $40,000. MV Capital Management Inc. acquired a new position in Cognizant Technology Solutions during the fourth quarter worth $42,000. Finally, Kingdom Financial Group LLC. bought a new position in Cognizant Technology Solutions in the 4th quarter valued at about $45,000. 92.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on CTSH. UBS Group lowered their price objective on shares of Cognizant Technology Solutions from $60.00 to $55.00 in a research report on Monday, May 11th. Berenberg Bank set a $59.00 price target on Cognizant Technology Solutions and gave the stock a “hold” rating in a research note on Wednesday, June 17th. Citigroup reissued a “neutral” rating and issued a $60.00 price target (up from $45.00) on shares of Cognizant Technology Solutions in a research note on Thursday, July 30th. Nomura lowered their price target on Cognizant Technology Solutions from $93.00 to $74.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Finally, Royal Bank Of Canada set a $55.00 target price on shares of Cognizant Technology Solutions in a research note on Friday, July 24th. Ten investment 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $63.00.

Check Out Our Latest Stock Report on CTSH

Cognizant Technology Solutions Stock Performance

Shares of Cognizant Technology Solutions stock opened at $64.58 on Tuesday. The firm has a market cap of $29.09 billion, a P/E ratio of 13.89, a P/E/G ratio of 1.28 and a beta of 0.81. The stock’s fifty day moving average price is $50.65 and its 200-day moving average price is $55.11. Cognizant Technology Solutions Corporation has a 12 month low of $37.08 and a 12 month high of $87.03. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.11.

Cognizant Technology Solutions (NASDAQ:CTSHGet Free Report) last announced its quarterly earnings data 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). The company had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.31 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. On average, equities research analysts expect that Cognizant Technology Solutions Corporation will post 5.71 earnings per share for the current fiscal year.

Cognizant Technology Solutions declared that its Board of Directors has authorized a stock repurchase program on Monday, May 18th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the information technology service provider to repurchase up to 9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Cognizant Technology Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 18th were issued a $0.33 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.0%. Cognizant Technology Solutions’s dividend payout ratio is presently 28.39%.

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.

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

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