Dimensional Fund Advisors LP Purchases 222,819 Shares of Cognizant Technology Solutions Corporation $CTSH

Dimensional Fund Advisors LP lifted its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 3.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,404,918 shares of the information technology service provider’s stock after buying an additional 222,819 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Cognizant Technology Solutions were worth $392,947,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new position in shares of Cognizant Technology Solutions in the fourth quarter worth about $28,000. Physician Wealth Advisors Inc. raised its stake in Cognizant Technology Solutions by 165.1% during the 4th quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock valued at $28,000 after purchasing an additional 213 shares during the period. Lodestone Wealth Management LLC purchased a new position in Cognizant Technology Solutions in the 4th quarter worth approximately $28,000. Prosperity Bancshares Inc purchased a new position in Cognizant Technology Solutions in the 4th quarter worth approximately $29,000. Finally, Towne Trust Company N.A boosted its stake in Cognizant Technology Solutions by 85.0% in the 4th 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 Performance

NASDAQ:CTSH opened at $43.63 on Wednesday. The company has a market cap of $20.67 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 0.98 and a beta of 0.87. Cognizant Technology Solutions Corporation has a 1 year low of $37.08 and a 1 year high of $87.03. The stock’s 50 day simple moving average is $47.29 and its two-hundred day simple moving average is $60.32. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.23 and a quick ratio of 2.23.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 EPS 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 in the prior year, the company earned $1.23 EPS. The company’s quarterly 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. As a group, equities analysts anticipate that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

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

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

Wall Street Analyst Weigh In

CTSH has been the subject of a number of research analyst reports. Wedbush raised shares of Cognizant Technology Solutions from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $56.00 to $70.00 in a report on Monday, June 8th. Truist Financial started coverage on shares of Cognizant Technology Solutions in a report on Monday, June 1st. They issued a “hold” rating and a $66.00 target price on the stock. Citigroup dropped their target price on shares of Cognizant Technology Solutions from $55.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, July 13th. Jefferies Financial Group cut their target price on shares of 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. Ten research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Cognizant Technology Solutions has an average rating of “Hold” and a consensus price target of $64.26.

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.