Hudson Capital Management LLC Grows Stake in Cognizant Technology Solutions Corporation $CTSH

Hudson Capital Management LLC raised its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,092 shares of the information technology service provider’s stock after purchasing an additional 588 shares during the quarter. Hudson Capital Management LLC’s holdings in Cognizant Technology Solutions were worth $4,689,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its position in Cognizant Technology Solutions by 6.8% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,287 shares of the information technology service provider’s stock valued at $13,600,000 after purchasing an additional 11,037 shares during the period. LBP AM SA acquired a new stake in shares of Cognizant Technology Solutions during the second quarter valued at about $8,541,000. Ritholtz Wealth Management increased its position in shares of Cognizant Technology Solutions by 21.0% during the first quarter. Ritholtz Wealth Management now owns 10,531 shares of the information technology service provider’s stock worth $806,000 after acquiring an additional 1,827 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Cognizant Technology Solutions by 1.4% during the first quarter. Envestnet Asset Management Inc. now owns 500,039 shares of the information technology service provider’s stock worth $38,253,000 after acquiring an additional 7,105 shares during the last quarter. Finally, Leo Wealth LLC purchased a new stake in shares of Cognizant Technology Solutions during the second quarter worth about $912,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Stock Up 0.8%

NASDAQ:CTSH opened at $66.34 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. The stock has a 50-day simple moving average of $69.51 and a 200 day simple moving average of $73.96. Cognizant Technology Solutions Corporation has a one year low of $65.17 and a one year high of $90.82. The company has a market capitalization of $32.40 billion, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 1.37 and a beta of 0.95.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.17 billion. During the same quarter last year, the company posted $1.17 earnings per share. Cognizant Technology Solutions’s revenue was up 8.1% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders 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 dividend on an annualized basis and a yield of 1.9%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 25.20%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They set a “hold” rating and a $80.00 target price on the stock. Wall Street Zen lowered Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research 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 on the stock in a research report on Friday, July 18th. 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 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cognizant Technology Solutions presently has a consensus rating of “Hold” and an average target price of $86.79.

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.