Louisbourg Investments Inc. Sells 15,689 Shares of Cognizant Technology Solutions Corporation $CTSH

Louisbourg Investments Inc. cut its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 16.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,029 shares of the information technology service provider’s stock after selling 15,689 shares during the quarter. Louisbourg Investments Inc.’s holdings in Cognizant Technology Solutions were worth $4,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Cognizant Technology Solutions in the fourth quarter worth $690,959,000. GQG Partners LLC bought a new stake in Cognizant Technology Solutions during the fourth quarter valued at $673,651,000. CIBC Bancorp USA Inc. bought a new stake in Cognizant Technology Solutions during the third quarter valued at $201,834,000. Cibc World Markets Corp purchased a new position in Cognizant Technology Solutions during the fourth quarter worth about $234,671,000. Finally, FIL Ltd grew its position in Cognizant Technology Solutions by 46.6% during the fourth quarter. FIL Ltd now owns 6,680,508 shares of the information technology service provider’s stock worth $554,482,000 after buying an additional 2,122,600 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on CTSH. Robert W. Baird set a $72.00 price target on Cognizant Technology Solutions and gave the company a “neutral” rating in a report on Friday, April 10th. The Goldman Sachs Group set a $75.00 price objective on Cognizant Technology Solutions in a report on Wednesday, April 29th. Wedbush upgraded shares of Cognizant Technology Solutions from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $56.00 to $70.00 in a research report on Monday, June 8th. Wells Fargo & Company dropped their target price on shares of Cognizant Technology Solutions from $98.00 to $83.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, UBS Group cut their price target on shares of Cognizant Technology Solutions from $60.00 to $55.00 in a research note on Monday, May 11th. Ten investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $69.70.

Cognizant Technology Solutions Trading Up 2.2%

Shares of CTSH stock opened at $40.03 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 has a 50-day moving average price of $51.46 and a two-hundred day moving average price of $65.41. Cognizant Technology Solutions Corporation has a 12-month low of $38.97 and a 12-month high of $87.03. The firm has a market cap of $18.97 billion, a P/E ratio of 8.70, a price-to-earnings-growth ratio of 0.84 and a beta of 0.81.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.33 by $0.07. The firm had revenue of $5.41 billion for 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 was up 5.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.23 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. Equities analysts anticipate that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th were paid a $0.33 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.32 annualized dividend and a yield of 3.3%. Cognizant Technology Solutions’s dividend payout ratio is currently 28.70%.

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

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.