Nisa Investment Advisors LLC Reduces Position in Cognizant Technology Solutions Corporation $CTSH

Nisa Investment Advisors LLC cut its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,806 shares of the information technology service provider’s stock after selling 7,637 shares during the period. Nisa Investment Advisors LLC’s holdings in Cognizant Technology Solutions were worth $14,811,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CTSH. Goldman Sachs Group Inc. increased its position in shares of Cognizant Technology Solutions by 117.5% during the first quarter. Goldman Sachs Group Inc. now owns 6,805,893 shares of the information technology service provider’s stock valued at $520,651,000 after buying an additional 3,677,145 shares during the period. Amundi increased its position in shares of Cognizant Technology Solutions by 61.6% during the first quarter. Amundi now owns 4,519,912 shares of the information technology service provider’s stock valued at $331,584,000 after buying an additional 1,723,335 shares during the period. Pacer Advisors Inc. increased its position in shares of Cognizant Technology Solutions by 2,585.0% during the first quarter. Pacer Advisors Inc. now owns 1,776,601 shares of the information technology service provider’s stock valued at $135,910,000 after buying an additional 1,710,433 shares during the period. Allianz Asset Management GmbH increased its position in shares of Cognizant Technology Solutions by 152.7% during the second quarter. Allianz Asset Management GmbH now owns 2,708,349 shares of the information technology service provider’s stock valued at $211,332,000 after buying an additional 1,636,636 shares during the period. Finally, Invesco Ltd. increased its position in shares of Cognizant Technology Solutions by 13.3% during the first quarter. Invesco Ltd. now owns 12,077,445 shares of the information technology service provider’s stock valued at $923,925,000 after buying an additional 1,422,265 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Stock Down 0.2%

Shares of NASDAQ CTSH opened at $67.86 on Monday. Cognizant Technology Solutions Corporation has a one year low of $65.15 and a one year high of $90.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41. The firm’s 50 day simple moving average is $69.07 and its two-hundred day simple moving average is $73.69. The stock has a market capitalization of $33.14 billion, a P/E ratio of 13.79, a PEG ratio of 1.41 and a beta of 0.95.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The business had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.17 billion. During the same period last year, the business earned $1.17 earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. As a group, analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, August 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 25.20%.

Analyst Ratings Changes

CTSH has been the topic of several analyst reports. Wall Street Zen cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Citigroup assumed coverage on shares of Cognizant Technology Solutions in a research report on Thursday. They set a “neutral” rating and a $75.00 target price for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued a “hold” rating and a $80.00 price target for the company. Wells Fargo & Company began coverage on shares of Cognizant Technology Solutions in a research report on Tuesday, October 21st. They set an “overweight” rating and a $82.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cognizant Technology Solutions in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $85.44.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.