Integrated Quantitative Investments LLC Purchases 11,577 Shares of Cognizant Technology Solutions Corporation $CTSH

Integrated Quantitative Investments LLC grew its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 263.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 15,977 shares of the information technology service provider’s stock after purchasing an additional 11,577 shares during the quarter. Integrated Quantitative Investments LLC’s holdings in Cognizant Technology Solutions were worth $1,247,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CTSH. Pzena Investment Management LLC lifted its position in Cognizant Technology Solutions by 2.2% in the 2nd quarter. Pzena Investment Management LLC now owns 17,450,691 shares of the information technology service provider’s stock valued at $1,361,677,000 after acquiring an additional 375,619 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Cognizant Technology Solutions by 1.5% in the second quarter. Geode Capital Management LLC now owns 14,019,891 shares of the information technology service provider’s stock worth $1,091,391,000 after purchasing an additional 206,532 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Cognizant Technology Solutions by 13.3% during the first quarter. Invesco Ltd. now owns 12,077,445 shares of the information technology service provider’s stock valued at $923,925,000 after purchasing an additional 1,422,265 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Cognizant Technology Solutions by 117.5% during the first quarter. Goldman Sachs Group Inc. now owns 6,805,893 shares of the information technology service provider’s stock valued at $520,651,000 after buying an additional 3,677,145 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Cognizant Technology Solutions by 9.9% in 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 buying an additional 579,175 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Trading Down 1.3%

Shares of CTSH stock opened at $72.62 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 2.41. The company has a market cap of $35.05 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 1.47 and a beta of 0.98. Cognizant Technology Solutions Corporation has a 1 year low of $65.15 and a 1 year high of $90.82. The firm has a fifty day moving average price of $69.29 and a 200-day moving average price of $73.85.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.09. The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.32 billion. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.Cognizant Technology Solutions’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. As a group, equities analysts predict that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current 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 issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, November 18th. Cognizant Technology Solutions’s dividend payout ratio is currently 28.77%.

Insiders Place Their Bets

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 2,500 shares of Cognizant Technology Solutions stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $75.18, for a total transaction of $187,950.00. Following the transaction, the chief accounting officer owned 36,630 shares of the company’s stock, valued at $2,753,843.40. The trade was a 6.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CTSH. Guggenheim restated a “buy” rating and set a $85.00 target price (down previously from $90.00) on shares of Cognizant Technology Solutions in a research note on Tuesday, October 21st. Citigroup assumed coverage on shares of Cognizant Technology Solutions in a research report on Thursday, October 23rd. They set a “neutral” rating and a $75.00 price objective on the stock. Mizuho set a $85.00 target price on shares of Cognizant Technology Solutions in a report on Thursday, October 30th. Royal Bank Of Canada decreased their target price on shares of Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating for the company in a research note on Thursday, October 30th. Finally, Wells Fargo & Company raised their price target on Cognizant Technology Solutions from $82.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Six research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $85.19.

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.