Gries Financial LLC Sells 245 Shares of Cognizant Technology Solutions Corporation $CTSH

Gries Financial LLC trimmed its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 1.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,170 shares of the information technology service provider’s stock after selling 245 shares during the quarter. Gries Financial LLC’s holdings in Cognizant Technology Solutions were worth $1,730,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. GAMMA Investing LLC increased its position in Cognizant Technology Solutions by 16.4% during the second quarter. GAMMA Investing LLC now owns 14,035 shares of the information technology service provider’s stock worth $1,095,000 after acquiring an additional 1,976 shares during the period. ABLE Financial Group LLC bought a new position in Cognizant Technology Solutions during the second quarter worth about $978,000. Toth Financial Advisory Corp grew its stake in Cognizant Technology Solutions by 1.4% during the second quarter. Toth Financial Advisory Corp now owns 40,454 shares of the information technology service provider’s stock worth $3,157,000 after buying an additional 551 shares in the last quarter. Avanza Fonder AB grew its stake in Cognizant Technology Solutions by 2.5% during the second quarter. Avanza Fonder AB now owns 38,114 shares of the information technology service provider’s stock worth $2,974,000 after buying an additional 933 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in Cognizant Technology Solutions during the second quarter worth about $59,131,000. 92.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Cognizant Technology Solutions Stock Up 1.8%

Cognizant Technology Solutions stock opened at $68.16 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.41. Cognizant Technology Solutions Corporation has a 52-week low of $65.17 and a 52-week high of $90.82. The firm has a 50 day moving average price of $71.72 and a two-hundred day moving average price of $75.18. The firm has a market cap of $33.29 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 1.39 and a beta of 0.93.

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

Cognizant Technology Solutions Dividend Announcement

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

About Cognizant Technology Solutions

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.