North Star Asset Management Inc. Purchases Shares of 12,078 Cognizant Technology Solutions Corporation $CTSH

North Star Asset Management Inc. acquired a new stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,078 shares of the information technology service provider’s stock, valued at approximately $468,000.

Several other large investors have also made changes to their positions in the company. Evolve Private Wealth LLC purchased a new stake in Cognizant Technology Solutions in the 4th quarter worth approximately $2,642,000. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Cognizant Technology Solutions during the first quarter valued at approximately $29,510,000. Pzena Investment Management LLC raised its holdings in shares of Cognizant Technology Solutions by 14.9% during the first quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock valued at $1,243,096,000 after acquiring an additional 2,633,683 shares in the last quarter. Ancora Advisors LLC bought a new position in shares of Cognizant Technology Solutions during the second quarter valued at approximately $2,929,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Cognizant Technology Solutions by 34.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,874,274 shares of the information technology service provider’s stock worth $238,565,000 after acquiring an additional 734,337 shares during the period. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Up 0.4%

CTSH stock opened at $64.04 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.18 and a quick ratio of 2.18. Cognizant Technology Solutions Corporation has a 1-year low of $37.08 and a 1-year high of $87.03. The stock has a market capitalization of $28.85 billion, a P/E ratio of 13.77, a P/E/G ratio of 1.28 and a beta of 0.82. The business has a fifty day moving average price of $50.20 and a 200-day moving average price of $55.32.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, July 29th. The information technology service provider reported $1.37 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.01). The business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.48 billion. Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%.Cognizant Technology Solutions’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.31 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. Equities analysts forecast that Cognizant Technology Solutions Corporation will post 5.71 earnings per share for the current fiscal year.

Cognizant Technology Solutions announced that its Board of Directors has approved a stock buyback program on Monday, May 18th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the information technology service provider to reacquire up to 9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Cognizant Technology Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 18th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, August 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.1%. Cognizant Technology Solutions’s payout ratio is currently 28.39%.

Analysts Set New Price Targets

Several research analysts have commented on CTSH shares. Daiwa Securities Group decreased their price objective on shares of Cognizant Technology Solutions from $65.00 to $42.00 and set a “neutral” rating for the company in a report on Wednesday, June 24th. Jefferies Financial Group dropped their price target on Cognizant Technology Solutions from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Wedbush upgraded shares of Cognizant Technology Solutions from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $56.00 to $70.00 in a research note on Monday, June 8th. HSBC dropped their price target on Cognizant Technology Solutions from $80.00 to $68.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Finally, Mizuho set a $64.00 price target on Cognizant Technology Solutions in a report on Thursday, August 6th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Cognizant Technology Solutions has an average rating of “Hold” and a consensus target price of $63.00.

Cognizant Technology Solutions Company 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.