Swiss National Bank Acquires 78,100 Shares of Cognizant Technology Solutions Corporation $CTSH

Swiss National Bank increased its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 5.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,416,400 shares of the information technology service provider’s stock after buying an additional 78,100 shares during the period. Swiss National Bank’s holdings in Cognizant Technology Solutions were worth $86,896,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CTSH. Pzena Investment Management LLC increased its holdings in Cognizant Technology Solutions by 14.9% during the 1st quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock worth $1,243,096,000 after purchasing an additional 2,633,683 shares in the last quarter. Invesco Ltd. raised its position in Cognizant Technology Solutions by 8.6% in the 3rd quarter. Invesco Ltd. now owns 12,534,198 shares of the information technology service provider’s stock valued at $840,669,000 after buying an additional 987,395 shares during the last quarter. Norges Bank bought a new position in Cognizant Technology Solutions during the 4th quarter valued at $690,959,000. GQG Partners LLC purchased a new position in Cognizant Technology Solutions during the 4th quarter worth $673,651,000. Finally, FIL Ltd grew its stake in shares of Cognizant Technology Solutions by 46.6% in the 4th quarter. FIL Ltd now owns 6,680,508 shares of the information technology service provider’s stock worth $554,482,000 after acquiring an additional 2,122,600 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. Nomura dropped their target price on shares of Cognizant Technology Solutions from $93.00 to $74.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Morgan Stanley set a $44.00 target price on Cognizant Technology Solutions and gave the company an “equal weight” rating in a report on Tuesday, June 23rd. UBS Group decreased their price target on Cognizant Technology Solutions from $60.00 to $55.00 in a research report on Monday, May 11th. Finally, TD Cowen dropped their price target on Cognizant Technology Solutions from $62.00 to $47.00 and set a “hold” rating on the stock in a report on Friday, June 26th. Ten investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $64.26.

Cognizant Technology Solutions Stock Performance

NASDAQ:CTSH opened at $44.64 on Tuesday. The business’s fifty day moving average is $47.37 and its 200 day moving average is $60.60. The firm has a market cap of $21.15 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 0.98 and a beta of 0.87. 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 Corporation has a 52-week low of $37.08 and a 52-week high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $5.41 billion. During the same period in the prior year, the company 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. Research analysts predict that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.32 annualized dividend and a dividend yield of 3.0%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.70%.

Cognizant Technology Solutions declared that its Board of Directors has approved 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 often a sign that the company’s board of directors believes its shares are undervalued.

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.