Cognizant Technology Solutions Corporation $CTSH Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 7.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,040 shares of the information technology service provider’s stock after acquiring an additional 979 shares during the period. Apollon Wealth Management LLC’s holdings in Cognizant Technology Solutions were worth $1,174,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Conning Inc. grew its holdings 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 worth $271,000 after acquiring an additional 149 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings 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 worth $668,000 after acquiring an additional 149 shares in the last quarter. Private Trust Co. NA grew its holdings 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 worth $146,000 after acquiring an additional 151 shares in the last quarter. Cairn Investment Group Inc. grew its holdings in Cognizant Technology Solutions by 0.3% during the 1st quarter. Cairn Investment Group Inc. now owns 54,755 shares of the information technology service provider’s stock worth $4,189,000 after acquiring an additional 172 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Cognizant Technology Solutions by 7.1% in the 1st quarter. Allworth Financial LP now owns 2,803 shares of the information technology service provider’s stock valued at $202,000 after buying an additional 186 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

CTSH has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a “hold” rating and a $80.00 target price for the company. JPMorgan Chase & Co. lowered 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 report on Wednesday, August 20th. Wall Street Zen cut shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Guggenheim upgraded shares of Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Friday, July 18th. Finally, Evercore ISI assumed coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued an “outperform” rating and a $100.00 price target for the company. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $86.79.

Cognizant Technology Solutions Stock Performance

NASDAQ:CTSH opened at $67.27 on Wednesday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.17 and a fifty-two week high of $90.82. The stock has a market cap of $32.85 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 1.38 and a beta of 0.95. The firm’s fifty day simple moving average is $69.45 and its 200-day simple moving average is $73.92.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share 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 business had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.17 billion. During the same period in the prior year, the company posted $1.17 EPS. The business’s revenue for the quarter 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. Analysts expect that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

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

Cognizant Technology Solutions Company 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.