Pzena Investment Management LLC Cuts Holdings in Cognizant Technology Solutions Corporation $CTSH

Pzena Investment Management LLC reduced its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,628,679 shares of the information technology service provider’s stock after selling 82,189 shares during the quarter. Cognizant Technology Solutions comprises 4.4% of Pzena Investment Management LLC’s investment portfolio, making the stock its 2nd largest position. Pzena Investment Management LLC’s holdings in Cognizant Technology Solutions were worth $1,463,180,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. JPL Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions in the 3rd quarter worth approximately $25,000. Lodestone Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions in the 4th quarter worth approximately $28,000. Flagship Harbor Advisors LLC purchased a new stake in Cognizant Technology Solutions in the fourth quarter worth about $28,000. Physician Wealth Advisors Inc. boosted its position in Cognizant Technology Solutions by 165.1% during the 4th quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock valued at $28,000 after acquiring an additional 213 shares in the last quarter. Finally, High Note Wealth LLC boosted its position in Cognizant Technology Solutions by 22,450.0% during the 3rd quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock valued at $30,000 after acquiring an additional 449 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on CTSH. JPMorgan Chase & Co. cut their price objective on Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. Robert W. Baird set a $72.00 price objective on Cognizant Technology Solutions and gave the company a “neutral” rating in a research report on Friday, April 10th. BMO Capital Markets cut their price objective on Cognizant Technology Solutions from $83.00 to $63.00 in a research report on Thursday, April 30th. Nomura lifted their price objective on Cognizant Technology Solutions from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Wells Fargo & Company cut their price objective on Cognizant Technology Solutions from $98.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $73.00.

Cognizant Technology Solutions Stock Performance

Shares of CTSH opened at $52.32 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average price is $57.24 and its 200-day moving average price is $69.95. Cognizant Technology Solutions Corporation has a 52 week low of $45.48 and a 52 week high of $87.03. The stock has a market cap of $24.79 billion, a P/E ratio of 11.37, a P/E/G ratio of 1.08 and a beta of 0.81.

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

Cognizant Technology Solutions declared that its Board of Directors has authorized a share repurchase program on Monday, May 18th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the information technology service provider to repurchase up to 9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Cognizant Technology Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, May 18th. Cognizant Technology Solutions’s payout ratio is currently 28.70%.

About Cognizant Technology Solutions

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.