Intech Investment Management LLC Sells 9,603 Shares of Cognizant Technology Solutions Corporation $CTSH

Intech Investment Management LLC decreased its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 46.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,853 shares of the information technology service provider’s stock after selling 9,603 shares during the period. Intech Investment Management LLC’s holdings in Cognizant Technology Solutions were worth $901,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of CTSH. Checchi Capital Advisers LLC raised its stake in shares of Cognizant Technology Solutions by 3.4% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,852 shares of the information technology service provider’s stock worth $320,000 after purchasing an additional 127 shares in the last quarter. Unison Advisors LLC raised its stake in shares of Cognizant Technology Solutions by 0.5% during the 4th quarter. Unison Advisors LLC now owns 30,095 shares of the information technology service provider’s stock worth $2,498,000 after purchasing an additional 138 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Cognizant Technology Solutions by 7.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,130 shares of the information technology service provider’s stock worth $177,000 after purchasing an additional 143 shares in the last quarter. Security National Bank of SO Dak raised its stake in shares of Cognizant Technology Solutions by 0.6% during the 2nd quarter. Security National Bank of SO Dak now owns 24,635 shares of the information technology service provider’s stock worth $1,922,000 after purchasing an additional 150 shares in the last quarter. Finally, Haven Private LLC raised its stake in shares of Cognizant Technology Solutions by 1.9% during the 3rd quarter. Haven Private LLC now owns 8,451 shares of the information technology service provider’s stock worth $567,000 after purchasing an additional 157 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 28th. Wells Fargo & Company dropped their price objective on Cognizant Technology Solutions from $98.00 to $83.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Citigroup dropped their price objective on Cognizant Technology Solutions from $58.00 to $51.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. TD Cowen reissued a “hold” rating and set a $62.00 target price (down from $71.00) on shares of Cognizant Technology Solutions in a report on Thursday, April 30th. Finally, Susquehanna decreased their target price on Cognizant Technology Solutions from $98.00 to $88.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $72.68.

Cognizant Technology Solutions Stock Performance

Shares of NASDAQ CTSH opened at $53.21 on Monday. The stock’s fifty day moving average price is $55.65 and its two-hundred day moving average price is $68.46. The firm has a market cap of $25.21 billion, a price-to-earnings ratio of 11.57, a P/E/G ratio of 1.12 and a beta of 0.81. 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 Corporation has a one year low of $45.48 and a one year high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.41 billion. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The company’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. On average, equities analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 28.70%.

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

Cognizant Technology Solutions Profile

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.