Woodstock Corp Sells 161 Shares of Cognizant Technology Solutions Corporation $CTSH

Woodstock Corp cut its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 4.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,641 shares of the information technology service provider’s stock after selling 161 shares during the quarter. Woodstock Corp’s holdings in Cognizant Technology Solutions were worth $284,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Connecticut Wealth Management LLC increased its position in Cognizant Technology Solutions by 0.8% during the 4th quarter. Connecticut Wealth Management LLC now owns 17,650 shares of the information technology service provider’s stock valued at $1,357,000 after buying an additional 138 shares in the last quarter. Conning Inc. increased its position in Cognizant Technology Solutions by 4.4% during the 1st quarter. Conning Inc. now owns 3,547 shares of the information technology service provider’s stock valued at $271,000 after buying an additional 149 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in Cognizant Technology Solutions by 1.7% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,733 shares of the information technology service provider’s stock valued at $668,000 after buying an additional 149 shares in the last quarter. Private Trust Co. NA increased its position in Cognizant Technology Solutions by 8.6% during the 1st quarter. Private Trust Co. NA now owns 1,913 shares of the information technology service provider’s stock valued at $146,000 after buying an additional 151 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its position in Cognizant Technology Solutions by 4.0% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 3,969 shares of the information technology service provider’s stock valued at $304,000 after buying an additional 154 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Evercore ISI assumed coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They set an “outperform” rating and a $100.00 price objective for the company. Wall Street Zen lowered Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Guggenheim raised Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a report on Friday, July 18th. JPMorgan Chase & Co. reduced their target price on Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a “hold” rating and a $80.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $86.79.

Cognizant Technology Solutions Stock Performance

CTSH stock opened at $68.59 on Tuesday. The company has a market cap of $33.50 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. Cognizant Technology Solutions Corporation has a 1 year low of $65.52 and a 1 year high of $90.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41. The stock’s fifty day moving average price is $72.59 and its 200-day moving average price is $75.70.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.05. The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.17 billion. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.Cognizant Technology Solutions’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. On average, equities analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were given a dividend of $0.31 per share. The ex-dividend date was Monday, August 18th. This represents a $1.24 annualized dividend and a yield of 1.8%. Cognizant Technology Solutions’s payout ratio is 25.20%.

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.