Aware Super Pty Ltd as trustee of Aware Super Sells 57,537 Shares of Cognizant Technology Solutions Corporation $CTSH

Aware Super Pty Ltd as trustee of Aware Super decreased its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 39.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 89,538 shares of the information technology service provider’s stock after selling 57,537 shares during the period. Aware Super Pty Ltd as trustee of Aware Super’s holdings in Cognizant Technology Solutions were worth $6,987,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its stake 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 worth $13,600,000 after purchasing an additional 11,037 shares during the period. LBP AM SA purchased a new stake in shares of Cognizant Technology Solutions in the 2nd quarter worth about $8,541,000. Ritholtz Wealth Management grew its position in shares of Cognizant Technology Solutions by 21.0% in the 1st quarter. Ritholtz Wealth Management now owns 10,531 shares of the information technology service provider’s stock worth $806,000 after buying an additional 1,827 shares during the period. Envestnet Asset Management Inc. lifted its position in Cognizant Technology Solutions by 1.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 500,039 shares of the information technology service provider’s stock valued at $38,253,000 after acquiring an additional 7,105 shares during the period. Finally, Leo Wealth LLC purchased a new position in Cognizant Technology Solutions during the 2nd quarter valued at about $912,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

CTSH has been the subject of a number of analyst reports. Evercore ISI assumed coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They set an “outperform” rating and a $100.00 target price for the company. Wall Street Zen lowered Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their target price on 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They set a “hold” rating and a $80.00 price target for the company. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $86.79.

Cognizant Technology Solutions Stock Performance

Shares of CTSH opened at $66.75 on Thursday. The company has a market cap of $32.60 billion, a price-to-earnings ratio of 13.57, a P/E/G ratio of 1.40 and a beta of 0.95. The business’s fifty day simple moving average is $69.37 and its two-hundred day simple moving average is $73.87. 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 announced its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The firm had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.17 billion. During the same period in the prior year, the company posted $1.17 earnings per share. The company’s quarterly 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. Research analysts anticipate 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 $0.31 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. 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.