Generation Investment Management LLP Decreases Stake in Cognizant Technology Solutions Corporation $CTSH

Generation Investment Management LLP lessened its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 6.6% in the second quarter, HoldingsChannel.com reports. The firm owned 425,794 shares of the information technology service provider’s stock after selling 30,246 shares during the quarter. Generation Investment Management LLP’s holdings in Cognizant Technology Solutions were worth $33,225,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CTSH. Hilltop National Bank purchased a new position in Cognizant Technology Solutions in the second quarter valued at about $27,000. NewSquare Capital LLC grew its holdings in shares of Cognizant Technology Solutions by 71.8% in the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock worth $29,000 after acquiring an additional 153 shares during the period. Geneos Wealth Management Inc. increased its stake in Cognizant Technology Solutions by 118.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock valued at $44,000 after purchasing an additional 309 shares in the last quarter. WPG Advisers LLC acquired a new position in Cognizant Technology Solutions during the first quarter worth $61,000. Finally, Zions Bancorporation National Association UT purchased a new stake in Cognizant Technology Solutions during the first quarter worth $66,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Activity

In other news, CAO John Sunshin Kim sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $75.18, for a total transaction of $187,950.00. Following the completion of the sale, the chief accounting officer directly owned 36,630 shares in the company, valued at $2,753,843.40. This represents a 6.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.32% of the stock is owned by corporate insiders.

Cognizant Technology Solutions Stock Up 0.5%

CTSH stock opened at $73.20 on Monday. Cognizant Technology Solutions Corporation has a one year low of $65.15 and a one year high of $90.82. The stock has a market capitalization of $35.75 billion, a P/E ratio of 16.98, a PEG ratio of 1.47 and a beta of 0.98. The company has a 50 day moving average price of $69.14 and a two-hundred day moving average price of $73.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.36.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.09. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.The firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same period last year, the company earned $1.25 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.7%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.77%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CTSH shares. UBS Group set a $78.00 price target on Cognizant Technology Solutions and gave the company a “neutral” rating in a research report on Thursday, October 30th. Citigroup initiated coverage on shares of Cognizant Technology Solutions in a report on Thursday, October 23rd. They set a “neutral” rating and a $75.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They set a “hold” rating and a $80.00 target price for the company. Wall Street Zen lowered shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Guggenheim reissued a “buy” rating and set a $85.00 price objective (down from $90.00) on shares of Cognizant Technology Solutions in a research note on Tuesday, October 21st. Six analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $85.19.

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.