Portfolio Design Labs LLC Purchases 11,257 Shares of Cognizant Technology Solutions Corporation $CTSH

Portfolio Design Labs LLC lifted its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 53.9% during the 4th quarter, HoldingsChannel reports. The firm owned 32,133 shares of the information technology service provider’s stock after buying an additional 11,257 shares during the period. Portfolio Design Labs LLC’s holdings in Cognizant Technology Solutions were worth $2,667,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CTSH. JPL Wealth Management LLC bought a new position in shares of Cognizant Technology Solutions in the third quarter worth $25,000. Lodestone Wealth Management LLC bought a new position in shares of Cognizant Technology Solutions in the fourth quarter worth $28,000. Flagship Harbor Advisors LLC bought a new position in shares of Cognizant Technology Solutions in the fourth quarter worth $28,000. Physician Wealth Advisors Inc. increased its holdings in shares of Cognizant Technology Solutions by 165.1% in the fourth quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock worth $28,000 after purchasing an additional 213 shares during the period. Finally, Towne Trust Company N.A increased its holdings in shares of Cognizant Technology Solutions by 85.0% in the fourth quarter. Towne Trust Company N.A now owns 370 shares of the information technology service provider’s stock worth $31,000 after purchasing an additional 170 shares during the period. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Down 0.1%

Shares of NASDAQ:CTSH opened at $52.94 on Wednesday. Cognizant Technology Solutions Corporation has a 52-week low of $45.48 and a 52-week high of $87.03. The firm has a fifty day moving average of $55.36 and a 200 day moving average of $68.19. The firm has a market capitalization of $25.09 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 1.12 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 2.23.

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

Cognizant Technology Solutions announced that its board has initiated a stock repurchase plan on Monday, May 18th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the information technology service provider to repurchase up to 9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 28.70%.

Analyst Ratings Changes

Several research analysts have recently weighed in on CTSH shares. Evercore decreased their price target on shares of Cognizant Technology Solutions from $100.00 to $70.00 in a report on Thursday, April 30th. Weiss Ratings lowered shares of Cognizant Technology Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Guggenheim cut their target price on shares of Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Berenberg Bank cut their target price on shares of Cognizant Technology Solutions from $107.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Finally, Citigroup upped their target price on shares of Cognizant Technology Solutions from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday. Eleven research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $73.50.

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.