Arjuna Capital Sells 739 Shares of Cognizant Technology Solutions Corporation $CTSH

Arjuna Capital trimmed its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 4.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,140 shares of the information technology service provider’s stock after selling 739 shares during the quarter. Arjuna Capital’s holdings in Cognizant Technology Solutions were worth $1,181,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Hilltop National Bank purchased a new position in Cognizant Technology Solutions in the second quarter valued at approximately $27,000. NewSquare Capital LLC raised its stake in shares of Cognizant Technology Solutions by 71.8% in the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock valued at $29,000 after buying an additional 153 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Cognizant Technology Solutions by 118.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock valued at $44,000 after buying an additional 309 shares during the last quarter. WPG Advisers LLC bought a new position in shares of Cognizant Technology Solutions during the 1st quarter worth $61,000. Finally, Zions Bancorporation National Association UT purchased a new stake in Cognizant Technology Solutions in the 1st quarter worth about $66,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Buying and Selling

In other news, CAO John Sunshin Kim sold 2,500 shares of the stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $75.18, for a total value of $187,950.00. Following the transaction, the chief accounting officer owned 36,630 shares of the company’s stock, valued at $2,753,843.40. This represents a 6.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on CTSH shares. Royal Bank Of Canada dropped their price objective on shares of Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating on the stock in a report on Thursday, October 30th. Wells Fargo & Company raised their price objective on shares of Cognizant Technology Solutions from $82.00 to $87.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. lifted their price objective on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research report on Wednesday, November 19th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $85.00 price target (down from $90.00) on shares of Cognizant Technology Solutions in a report on Tuesday, October 21st. Seven analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, Cognizant Technology Solutions currently has an average rating of “Hold” and an average target price of $85.19.

Cognizant Technology Solutions Price Performance

NASDAQ:CTSH opened at $77.43 on Tuesday. Cognizant Technology Solutions Corporation has a 52-week low of $65.15 and a 52-week high of $90.82. The stock has a fifty day moving average of $70.49 and a 200 day moving average of $73.53. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.36. The firm has a market capitalization of $37.37 billion, a price-to-earnings ratio of 17.97, a P/E/G ratio of 1.47 and a beta of 0.98.

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

Cognizant Technology Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th were given a dividend of $0.31 per share. The ex-dividend date was Tuesday, November 18th. This represents a $1.24 annualized dividend and a yield of 1.6%. Cognizant Technology Solutions’s payout ratio is presently 28.77%.

Cognizant Technology Solutions Profile

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.