Cognizant Technology Solutions Corporation $CTSH Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 53.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,370,476 shares of the information technology service provider’s stock after purchasing an additional 822,675 shares during the period. Massachusetts Financial Services Co. MA owned about 0.48% of Cognizant Technology Solutions worth $184,968,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Unison Advisors LLC boosted its holdings in Cognizant Technology Solutions by 0.5% in the 2nd quarter. Unison Advisors LLC now owns 29,843 shares of the information technology service provider’s stock worth $2,329,000 after buying an additional 135 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Cognizant Technology Solutions by 1.7% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,733 shares of the information technology service provider’s stock worth $668,000 after acquiring an additional 149 shares during the last quarter. NewSquare Capital LLC increased its position in shares of Cognizant Technology Solutions by 71.8% during the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock worth $29,000 after purchasing an additional 153 shares in the last quarter. STF Management LP increased its position in shares of Cognizant Technology Solutions by 2.1% during the second quarter. STF Management LP now owns 7,534 shares of the information technology service provider’s stock worth $588,000 after purchasing an additional 158 shares in the last quarter. Finally, Kesler Norman & Wride LLC raised its stake in Cognizant Technology Solutions by 1.6% in the 2nd quarter. Kesler Norman & Wride LLC now owns 11,289 shares of the information technology service provider’s stock valued at $881,000 after purchasing an additional 179 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cognizant Technology Solutions

In related news, CAO John Sunshin Kim sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $75.18, for a total value of $187,950.00. Following the sale, the chief accounting officer directly owned 36,630 shares in the company, valued at approximately $2,753,843.40. The trade was a 6.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CTSH shares. Wall Street Zen lowered shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Mizuho set a $85.00 price target on shares of Cognizant Technology Solutions in a research report on Thursday, October 30th. Guggenheim reiterated a “buy” rating and issued a $85.00 price objective (down previously from $90.00) on shares of Cognizant Technology Solutions in a report on Tuesday, October 21st. The Goldman Sachs Group restated a “neutral” rating and set a $84.00 target price on shares of Cognizant Technology Solutions in a report on Wednesday, October 29th. Finally, Wells Fargo & Company upped their price target on Cognizant Technology Solutions from $82.00 to $87.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Six equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $85.19.

Cognizant Technology Solutions Stock Performance

Cognizant Technology Solutions stock opened at $72.62 on Monday. The firm has a 50 day simple moving average of $69.29 and a 200-day simple moving average of $73.85. The stock has a market cap of $35.05 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 1.47 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 2.41. Cognizant Technology Solutions Corporation has a 1-year low of $65.15 and a 1-year high of $90.82.

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

Cognizant Technology Solutions Dividend Announcement

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

Cognizant Technology Solutions 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.