Prudential PLC Increases Stock Position in Cognizant Technology Solutions Corporation $CTSH

Prudential PLC boosted its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 28.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,357 shares of the information technology service provider’s stock after buying an additional 11,237 shares during the period. Prudential PLC’s holdings in Cognizant Technology Solutions were worth $3,929,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC bought a new stake in shares of Cognizant Technology Solutions during the 4th quarter valued at $214,000. IFP Advisors Inc increased its position in shares of Cognizant Technology Solutions by 142.8% during the first quarter. IFP Advisors Inc now owns 9,338 shares of the information technology service provider’s stock valued at $718,000 after buying an additional 5,492 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Cognizant Technology Solutions by 1.7% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,733 shares of the information technology service provider’s stock worth $668,000 after buying an additional 149 shares in the last quarter. Legato Capital Management LLC bought a new position in shares of Cognizant Technology Solutions in the first quarter valued at approximately $824,000. Finally, Machina Capital S.A.S. grew its stake in Cognizant Technology Solutions by 71.8% during the first quarter. Machina Capital S.A.S. now owns 10,656 shares of the information technology service provider’s stock valued at $815,000 after acquiring an additional 4,455 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CTSH. The Goldman Sachs Group reiterated a “neutral” rating and issued a $84.00 target price on shares of Cognizant Technology Solutions in a research note on Wednesday, October 29th. Guggenheim reiterated a “buy” rating and issued a $85.00 price objective (down previously from $90.00) on shares of Cognizant Technology Solutions in a research report on Tuesday, October 21st. Royal Bank Of Canada reduced their target price on Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating for the company in a research report on Thursday, October 30th. Citigroup began coverage on Cognizant Technology Solutions in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $75.00 target price on the stock. Finally, Wall Street Zen downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Seven research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $85.19.

Cognizant Technology Solutions Price Performance

CTSH opened at $75.98 on Friday. The company has a current ratio of 2.36, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $36.67 billion, a P/E ratio of 17.63, a PEG ratio of 1.47 and a beta of 0.98. The stock has a 50-day moving average price of $69.54 and a 200-day moving average price of $73.74. Cognizant Technology Solutions Corporation has a 12-month low of $65.15 and a 12-month high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.09. The company had revenue of $5.42 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $1.25 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. Equities analysts predict that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 18th will be paid 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 1.6%. Cognizant Technology Solutions’s dividend payout ratio is 28.77%.

Insider Activity at Cognizant Technology Solutions

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

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.