Cognizant Technology Solutions Corporation $CTSH Shares Bought by National Bank of Canada FI

National Bank of Canada FI raised its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,771,093 shares of the information technology service provider’s stock after buying an additional 30,811 shares during the period. National Bank of Canada FI’s holdings in Cognizant Technology Solutions were worth $479,000,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. JPL Wealth Management LLC acquired a new stake in shares of Cognizant Technology Solutions in the third quarter valued at $25,000. Lodestone Wealth Management LLC acquired a new position in Cognizant Technology Solutions during the 4th quarter worth $28,000. Flagship Harbor Advisors LLC acquired a new position in Cognizant Technology Solutions during the 4th quarter worth $28,000. Physician Wealth Advisors Inc. increased its holdings in Cognizant Technology Solutions by 165.1% during the 4th quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock worth $28,000 after purchasing an additional 213 shares during the period. Finally, Towne Trust Company N.A raised its position in Cognizant Technology Solutions by 85.0% in the 4th quarter. Towne Trust Company N.A now owns 370 shares of the information technology service provider’s stock valued at $31,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analysts Set New Price Targets

CTSH has been the subject of a number of analyst reports. Guggenheim lowered their price objective on Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. UBS Group decreased their price objective on shares of Cognizant Technology Solutions from $60.00 to $55.00 in a research report on Monday, May 11th. Evercore dropped their target price on Cognizant Technology Solutions from $100.00 to $70.00 in a report on Thursday, April 30th. The Goldman Sachs Group set a $75.00 price target on Cognizant Technology Solutions in a research note on Wednesday, April 29th. Finally, Berenberg Bank lowered their price objective on Cognizant Technology Solutions from $107.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Eleven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $73.50.

Cognizant Technology Solutions Trading Up 0.5%

NASDAQ CTSH opened at $51.05 on Wednesday. The firm’s fifty day moving average price is $54.32 and its 200 day moving average price is $67.35. Cognizant Technology Solutions Corporation has a 12 month low of $45.48 and a 12 month high of $87.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.23 and a quick ratio of 2.23. The company has a market capitalization of $24.19 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 1.07 and a beta of 0.81.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly 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 analysts’ expectations of $5.41 billion. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. Cognizant Technology Solutions’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.23 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. On average, sell-side analysts expect that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.70%.

Cognizant Technology Solutions declared that its Board of Directors has initiated a share repurchase program on Monday, May 18th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the information technology service provider to purchase up to 9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

About Cognizant Technology Solutions

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.