Railway Pension Investments Ltd Boosts Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Railway Pension Investments Ltd raised its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 16.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 505,480 shares of the information technology service provider’s stock after purchasing an additional 70,900 shares during the quarter. Railway Pension Investments Ltd owned 0.11% of Cognizant Technology Solutions worth $19,577,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BTG Pactual Asset Management US LLC acquired a new position in shares of Cognizant Technology Solutions during the 2nd quarter worth $307,000. Camelot Portfolios LLC raised its holdings in Cognizant Technology Solutions by 23.8% in the second quarter. Camelot Portfolios LLC now owns 13,751 shares of the information technology service provider’s stock valued at $533,000 after buying an additional 2,645 shares during the period. Headlands Technologies LLC acquired a new position in shares of Cognizant Technology Solutions during the second quarter worth about $2,716,000. Quantitative Investment Management LLC grew its position in Cognizant Technology Solutions by 442.8% in the second quarter. Quantitative Investment Management LLC now owns 49,474 shares of the information technology service provider’s stock valued at $1,916,000 after acquiring an additional 40,359 shares in the last quarter. Finally, New Mexico Educational Retirement Board lifted its holdings in Cognizant Technology Solutions by 6.2% in the 2nd quarter. New Mexico Educational Retirement Board now owns 23,878 shares of the information technology service provider’s stock worth $925,000 after buying an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CTSH. TD Cowen boosted their target price on shares of Cognizant Technology Solutions from $47.00 to $54.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. Royal Bank Of Canada set a $55.00 price target on Cognizant Technology Solutions in a report on Friday, July 24th. Daiwa Securities Group cut their price target on shares of Cognizant Technology Solutions from $65.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, June 24th. Wells Fargo & Company lifted their target price on Cognizant Technology Solutions from $61.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Finally, Jefferies Financial Group dropped their price target on shares of Cognizant Technology Solutions from $80.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Cognizant Technology Solutions presently has an average rating of “Hold” and an average target price of $63.00.

Cognizant Technology Solutions Price Performance

Cognizant Technology Solutions stock opened at $64.58 on Tuesday. Cognizant Technology Solutions Corporation has a 12-month low of $37.08 and a 12-month high of $87.03. The business’s 50-day simple moving average is $50.65 and its 200 day simple moving average is $55.11. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.11. The stock has a market cap of $29.09 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 1.28 and a beta of 0.81.

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

Cognizant Technology Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.39%.

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

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.