Cognizant Technology Solutions Corporation $CTSH Position Cut by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 28.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 866,885 shares of the information technology service provider’s stock after selling 346,835 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Cognizant Technology Solutions were worth $71,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Checchi Capital Advisers LLC grew its holdings in Cognizant Technology Solutions by 3.4% in the 4th quarter. Checchi Capital Advisers LLC now owns 3,852 shares of the information technology service provider’s stock worth $320,000 after buying an additional 127 shares in the last quarter. Unison Advisors LLC grew its holdings in Cognizant Technology Solutions by 0.5% in the 4th quarter. Unison Advisors LLC now owns 30,095 shares of the information technology service provider’s stock worth $2,498,000 after buying an additional 138 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in Cognizant Technology Solutions by 7.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,130 shares of the information technology service provider’s stock valued at $177,000 after purchasing an additional 143 shares in the last quarter. Security National Bank of SO Dak boosted its stake in Cognizant Technology Solutions by 0.6% during the 2nd quarter. Security National Bank of SO Dak now owns 24,635 shares of the information technology service provider’s stock valued at $1,922,000 after purchasing an additional 150 shares in the last quarter. Finally, Cidel Asset Management Inc. boosted its stake in Cognizant Technology Solutions by 3.0% during the 4th quarter. Cidel Asset Management Inc. now owns 5,535 shares of the information technology service provider’s stock valued at $459,000 after purchasing an additional 163 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Cognizant Technology Solutions Price Performance

CTSH opened at $52.17 on Monday. The stock has a fifty day moving average of $54.79 and a 200-day moving average of $67.71. The firm has a market capitalization of $24.72 billion, a P/E ratio of 11.34, a PEG ratio of 1.10 and a beta of 0.81. Cognizant Technology Solutions Corporation has a 12-month low of $45.48 and a 12-month high of $87.03. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its 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 company 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 company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. Equities analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current fiscal year.

Cognizant Technology Solutions declared that its board has authorized a share buyback program on Monday, May 18th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the information technology service provider to purchase up to 9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Cognizant Technology Solutions Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CTSH. Morgan Stanley decreased their price target on Cognizant Technology Solutions from $70.00 to $63.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. JPMorgan Chase & Co. decreased their price target on Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating for the company in a research note on Tuesday, April 28th. Jefferies Financial Group decreased their price target on Cognizant Technology Solutions from $80.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, May 4th. The Goldman Sachs Group set a $75.00 price target on Cognizant Technology Solutions in a research note on Wednesday, April 29th. Finally, Susquehanna decreased their price target on Cognizant Technology Solutions from $98.00 to $88.00 and set a “positive” rating for the company in a research note on Friday, May 1st. Eleven research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, Cognizant Technology Solutions currently has a consensus rating of “Hold” and an average 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.