Cognizant Technology Solutions Corporation $CTSH Shares Sold by Swedbank AB

Swedbank AB trimmed its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 200,692 shares of the information technology service provider’s stock after selling 17,599 shares during the quarter. Swedbank AB’s holdings in Cognizant Technology Solutions were worth $16,657,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CTSH. Brighton Jones LLC acquired a new stake in shares of Cognizant Technology Solutions during the 4th quarter worth approximately $214,000. Geneos Wealth Management Inc. raised its position in shares of Cognizant Technology Solutions by 118.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock worth $44,000 after purchasing an additional 309 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Cognizant Technology Solutions during the 1st quarter worth approximately $142,000. Cresset Asset Management LLC raised its position in shares of Cognizant Technology Solutions by 11.4% during the 2nd quarter. Cresset Asset Management LLC now owns 9,160 shares of the information technology service provider’s stock worth $715,000 after purchasing an additional 935 shares during the period. Finally, Jump Financial LLC raised its position in shares of Cognizant Technology Solutions by 231.4% during the 2nd quarter. Jump Financial LLC now owns 29,667 shares of the information technology service provider’s stock worth $2,315,000 after purchasing an additional 20,716 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Cognizant Technology Solutions Stock Performance

Shares of NASDAQ CTSH opened at $51.68 on Friday. The stock has a fifty day moving average price of $60.24 and a two-hundred day moving average price of $71.35. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a market cap of $24.72 billion, a P/E ratio of 11.23, a PEG ratio of 1.09 and a beta of 0.81. Cognizant Technology Solutions Corporation has a 1 year low of $50.19 and a 1 year high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. The firm had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.41 billion. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company posted $1.23 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. Research analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.70%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CTSH. Morgan Stanley decreased their price objective on Cognizant Technology Solutions from $70.00 to $63.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Wells Fargo & Company decreased their price objective on Cognizant Technology Solutions from $98.00 to $83.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Mizuho decreased their price objective on Cognizant Technology Solutions from $87.00 to $68.00 and set a “neutral” rating for the company in a report on Wednesday. UBS Group decreased their price objective on Cognizant Technology Solutions from $67.00 to $64.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Finally, Weiss Ratings lowered Cognizant Technology Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $75.00.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.