Saudi Central Bank Purchases 15,662 Shares of Cognizant Technology Solutions Corporation $CTSH

Posted by Geri Gentry on Sep 9th, 2026

Saudi Central Bank lifted its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH – Free Report) by 87.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,477 shares of the information technology service provider’s stock after acquiring an additional 15,662 shares during the period. Saudi Central Bank’s holdings in Cognizant Technology Solutions were worth $1,297,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. JPL Wealth Management LLC acquired a new stake in shares of Cognizant Technology Solutions during the 3rd quarter worth approximately $25,000. Prosperity Bancshares Inc bought a new position in Cognizant Technology Solutions during the fourth quarter worth $29,000. Signature Equity Partners LLC grew its holdings in Cognizant Technology Solutions by 102.4% in the first quarter. Signature Equity Partners LLC now owns 599 shares of the information technology service provider’s stock worth $37,000 after purchasing an additional 303 shares during the period. Reflection Asset Management bought a new stake in Cognizant Technology Solutions in the fourth quarter valued at $40,000. Finally, MV Capital Management Inc. acquired a new position in shares of Cognizant Technology Solutions during the fourth quarter valued at about $42,000. Institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Guggenheim reaffirmed a “buy” rating and issued a $65.00 target price (down from $80.00) on shares of Cognizant Technology Solutions in a research report on Monday, July 27th. Royal Bank Of Canada set a $55.00 price objective on Cognizant Technology Solutions in a research note on Friday, July 24th. Mizuho set a $64.00 target price on Cognizant Technology Solutions in a research report on Thursday, August 6th. Daiwa Securities Group cut their target price on Cognizant Technology Solutions from $65.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, June 24th. Finally, HSBC lowered their price objective on shares of Cognizant Technology Solutions from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Ten research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.00.

Read Our Latest Analysis on Cognizant Technology Solutions

Cognizant Technology Solutions Stock Performance

NASDAQ CTSH opened at $59.92 on Wednesday. The company has a market capitalization of $26.99 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.18 and a current ratio of 2.18. Cognizant Technology Solutions Corporation has a 52-week low of $37.08 and a 52-week high of $87.03. The company has a 50-day simple moving average of $53.39 and a 200 day simple moving average of $54.93.

Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) last released its earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The company had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the prior year, the company earned $1.31 earnings per share. The firm’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. On average, research analysts predict that Cognizant Technology Solutions Corporation will post 5.71 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, August 18th. Cognizant Technology Solutions’s dividend payout ratio is currently 28.39%.

Cognizant Technology Solutions announced that its Board of Directors has initiated a share buyback plan on Monday, May 18th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the information technology service provider to repurchase up to 9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

About Cognizant Technology Solutions

(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.