Vanguard Group Inc. Grows Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Vanguard Group Inc. lifted its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,854,530 shares of the information technology service provider’s stock after acquiring an additional 746,732 shares during the quarter. Vanguard Group Inc. owned approximately 12.26% of Cognizant Technology Solutions worth $4,670,449,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CTSH. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Cognizant Technology Solutions during the second quarter valued at $74,917,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Cognizant Technology Solutions by 6.8% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,287 shares of the information technology service provider’s stock valued at $13,600,000 after purchasing an additional 11,037 shares in the last quarter. LBP AM SA purchased a new stake in shares of Cognizant Technology Solutions in the 2nd quarter worth approximately $8,541,000. Leo Wealth LLC bought a new position in shares of Cognizant Technology Solutions during the second quarter valued at approximately $912,000. Finally, Resona Asset Management Co. Ltd. increased its holdings in Cognizant Technology Solutions by 5.6% during the second quarter. Resona Asset Management Co. Ltd. now owns 202,917 shares of the information technology service provider’s stock valued at $15,826,000 after buying an additional 10,843 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Transactions at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 2,500 shares of Cognizant Technology Solutions stock in a transaction dated 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 owned 36,630 shares of the company’s stock, valued at approximately $2,753,843.40. The trade was a 6.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.32% of the stock is owned by company insiders.

Analyst Ratings Changes

CTSH has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on Cognizant Technology Solutions from $82.00 to $87.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. UBS Group set a $78.00 price objective on Cognizant Technology Solutions and gave the company a “neutral” rating in a research report on Thursday, October 30th. Royal Bank Of Canada reduced their target price on shares of Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating for the company in a report on Thursday, October 30th. The Goldman Sachs Group restated a “neutral” rating and issued a $84.00 price target on shares of Cognizant Technology Solutions in a report on Wednesday, October 29th. Finally, Guggenheim reiterated a “buy” rating and set a $85.00 price objective (down previously from $90.00) on shares of Cognizant Technology Solutions in a research note on Tuesday, October 21st. Six equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $85.19.

Cognizant Technology Solutions Stock Performance

CTSH opened at $72.29 on Thursday. The company has a market cap of $34.89 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 1.47 and a beta of 0.98. The company has a quick ratio of 2.41, a current ratio of 2.36 and a debt-to-equity ratio of 0.04. The firm’s 50-day moving average price is $69.37 and its 200-day moving average price is $73.77. Cognizant Technology Solutions Corporation has a 52-week low of $65.15 and a 52-week high of $90.82.

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

Cognizant Technology Solutions Dividend Announcement

The business also recently disclosed 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 of this dividend 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 payout ratio is 28.77%.

About Cognizant Technology Solutions

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.