Cognizant Technology Solutions Corporation $CTSH Shares Acquired by Advisory Alpha LLC

Advisory Alpha LLC increased its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 11.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,911 shares of the information technology service provider’s stock after acquiring an additional 502 shares during the period. Advisory Alpha LLC’s holdings in Cognizant Technology Solutions were worth $383,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Pzena Investment Management LLC lifted its stake in Cognizant Technology Solutions by 2.2% during the 2nd quarter. Pzena Investment Management LLC now owns 17,450,691 shares of the information technology service provider’s stock worth $1,361,677,000 after acquiring an additional 375,619 shares in the last quarter. Invesco Ltd. lifted its stake in Cognizant Technology Solutions by 13.3% during 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 in the last quarter. Goldman Sachs Group Inc. increased its holdings in Cognizant Technology Solutions by 117.5% during 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 purchasing an additional 3,677,145 shares during the period. Wellington Management Group LLP increased its holdings in Cognizant Technology Solutions by 9.9% during the 1st quarter. Wellington Management Group LLP now owns 6,458,318 shares of the information technology service provider’s stock worth $494,061,000 after purchasing an additional 579,175 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Cognizant Technology Solutions by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,029,067 shares of the information technology service provider’s stock worth $461,169,000 after purchasing an additional 28,646 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

CTSH has been the topic of several recent research reports. Wells Fargo & Company initiated coverage on Cognizant Technology Solutions in a report on Tuesday, October 21st. They set an “overweight” rating and a $82.00 price target on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They set a “hold” rating and a $80.00 price target on the stock. Citigroup initiated coverage on Cognizant Technology Solutions in a report on Thursday, October 23rd. They set a “neutral” rating and a $75.00 price target on the stock. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $84.00 price target on shares of Cognizant Technology Solutions in a report on Wednesday. Six analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.35.

Cognizant Technology Solutions Trading Up 5.7%

CTSH opened at $71.69 on Thursday. Cognizant Technology Solutions Corporation has a one year low of $65.15 and a one year high of $90.82. The company has a market cap of $35.01 billion, a P/E ratio of 14.57, a PEG ratio of 1.41 and a beta of 0.95. 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 business’s 50-day simple moving average is $68.99 and its 200-day simple moving average is $73.65.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.09. The firm had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. As a group, equities research analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Tuesday, November 18th will be given a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. 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.