PKO Investment Management Joint Stock Co Takes Position in Cognizant Technology Solutions Corporation $CTSH

PKO Investment Management Joint Stock Co acquired a new stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 14,000 shares of the information technology service provider’s stock, valued at approximately $859,000.

A number of other large investors have also bought and sold shares of CTSH. Capital Advisors Ltd. LLC boosted its holdings in shares of Cognizant Technology Solutions by 34.5% in the first quarter. Capital Advisors Ltd. LLC now owns 959 shares of the information technology service provider’s stock valued at $59,000 after buying an additional 246 shares during the period. Campbell Newman Asset Management Inc. increased its position in shares of Cognizant Technology Solutions by 1.7% during the first quarter. Campbell Newman Asset Management Inc. now owns 237,419 shares of the information technology service provider’s stock worth $14,566,000 after acquiring an additional 3,901 shares in the last quarter. Evolve Private Wealth LLC raised its holdings in shares of Cognizant Technology Solutions by 3.0% during the first quarter. Evolve Private Wealth LLC now owns 32,778 shares of the information technology service provider’s stock worth $2,011,000 after acquiring an additional 948 shares during the period. Fortem Financial Group LLC raised its holdings in shares of Cognizant Technology Solutions by 23.4% during the first quarter. Fortem Financial Group LLC now owns 12,313 shares of the information technology service provider’s stock worth $755,000 after acquiring an additional 2,332 shares during the period. Finally, Polianta Ltd bought a new stake in Cognizant Technology Solutions in the 1st quarter valued at $1,503,000. 92.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CTSH has been the subject of a number of research reports. Robert W. Baird set a $72.00 target price on Cognizant Technology Solutions and gave the stock a “neutral” rating in a report on Friday, April 10th. Truist Financial began coverage on Cognizant Technology Solutions in a report on Monday, June 1st. They issued a “hold” rating and a $66.00 price target on the stock. Jefferies Financial Group decreased their price objective on Cognizant Technology Solutions from $80.00 to $65.00 and set a “buy” rating for the company in a report on Monday, May 4th. TD Cowen reissued a “hold” rating and issued a $62.00 target price (down from $71.00) on shares of Cognizant Technology Solutions in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. cut their target price on Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 28th. Ten investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, Cognizant Technology Solutions has an average rating of “Hold” and an average price target of $71.64.

Cognizant Technology Solutions Stock Performance

Shares of NASDAQ CTSH opened at $40.95 on Wednesday. The stock has a 50 day moving average price of $52.66 and a 200 day moving average price of $66.15. Cognizant Technology Solutions Corporation has a 52 week low of $40.77 and a 52 week high of $87.03. 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 stock has a market capitalization of $19.40 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 0.88 and a beta of 0.81.

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 for the quarter, beating 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 during the quarter, compared to the consensus estimate of $5.41 billion. During the same period last year, the company earned $1.23 earnings per share. The business’s revenue 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. Analysts predict that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions announced that its Board of Directors has approved a share repurchase plan 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 buy up to 9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Cognizant Technology Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Monday, May 18th. Cognizant Technology Solutions’s payout ratio is presently 28.70%.

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.