Cairn Investment Group Inc. Has $4.33 Million Holdings in Cognizant Technology Solutions Corporation $CTSH

Cairn Investment Group Inc. increased its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,530 shares of the information technology service provider’s stock after acquiring an additional 775 shares during the period. Cognizant Technology Solutions comprises 2.3% of Cairn Investment Group Inc.’s investment portfolio, making the stock its 17th biggest holding. Cairn Investment Group Inc.’s holdings in Cognizant Technology Solutions were worth $4,333,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Invesco Ltd. raised its holdings in shares of Cognizant Technology Solutions by 13.3% in the 1st quarter. Invesco Ltd. now owns 12,077,445 shares of the information technology service provider’s stock worth $923,925,000 after acquiring an additional 1,422,265 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Cognizant Technology Solutions by 117.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,805,893 shares of the information technology service provider’s stock worth $520,651,000 after acquiring an additional 3,677,145 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Cognizant Technology Solutions by 9.9% during the first quarter. Wellington Management Group LLP now owns 6,458,318 shares of the information technology service provider’s stock valued at $494,061,000 after purchasing an additional 579,175 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Cognizant Technology Solutions by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 6,029,067 shares of the information technology service provider’s stock valued at $461,169,000 after purchasing an additional 28,646 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Cognizant Technology Solutions by 6.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,648,919 shares of the information technology service provider’s stock worth $355,642,000 after purchasing an additional 275,755 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Up 0.5%

CTSH opened at $66.98 on Monday. The company has a 50 day moving average of $71.11 and a 200 day moving average of $74.80. The company has a market cap of $32.71 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.39 and a beta of 0.93. Cognizant Technology Solutions Corporation has a 12 month low of $65.17 and a 12 month high of $90.82. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04.

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

Cognizant Technology Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.24 annualized dividend and a yield of 1.9%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 25.20%.

Analysts Set New Price Targets

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

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.