Cognizant Technology Solutions Corporation $CTSH Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp reduced its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 54.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 42,862 shares of the information technology service provider’s stock after selling 51,357 shares during the period. Boston Trust Walden Corp’s holdings in Cognizant Technology Solutions were worth $2,875,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CTSH. Hilltop National Bank purchased a new stake in shares of Cognizant Technology Solutions in the second quarter valued at about $27,000. NewSquare Capital LLC boosted its holdings in Cognizant Technology Solutions by 71.8% in the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock valued at $29,000 after purchasing an additional 153 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Cognizant Technology Solutions by 118.8% in 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 period. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Cognizant Technology Solutions during the 2nd quarter worth approximately $64,000. Finally, Caldwell Trust Co purchased a new stake in shares of Cognizant Technology Solutions during the 2nd quarter valued at approximately $70,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CTSH. Mizuho set a $85.00 price objective on Cognizant Technology Solutions in a research report on Thursday, October 30th. Royal Bank Of Canada decreased their price target on Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 30th. Guggenheim reissued a “buy” rating and set a $85.00 price objective (down from $90.00) on shares of Cognizant Technology Solutions in a research report on Tuesday, October 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a report on Monday. Finally, Citigroup assumed coverage on shares of Cognizant Technology Solutions in a research note on Thursday, October 23rd. They set a “neutral” rating and a $75.00 target price for the company. Seven research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cognizant Technology Solutions has a consensus rating of “Hold” and an average price target of $85.44.

Insiders Place Their Bets

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 2,500 shares of the stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $80.00, for a total value of $200,000.00. Following the sale, the chief accounting officer owned 36,149 shares of the company’s stock, valued at $2,891,920. This trade represents a 6.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ravi Kumar Singisetti sold 2,950 shares of Cognizant Technology Solutions stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $85.06, for a total value of $250,927.00. Following the completion of the transaction, the chief executive officer owned 75,209 shares of the company’s stock, valued at $6,397,277.54. The trade was a 3.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 25,206 shares of company stock worth $2,081,261 in the last quarter. 0.32% of the stock is owned by company insiders.

Cognizant Technology Solutions Trading Down 1.0%

NASDAQ CTSH opened at $84.14 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.36 and a current ratio of 2.36. The firm has a market cap of $40.61 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 1.74 and a beta of 0.97. The firm has a 50 day simple moving average of $77.21 and a 200-day simple moving average of $73.96. Cognizant Technology Solutions Corporation has a one year low of $65.15 and a one year high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.09. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.32 billion. Cognizant Technology Solutions had a net margin of 10.20% and a return on equity of 17.00%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.25 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Equities research analysts anticipate 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. Investors of record on Tuesday, November 18th were issued a $0.31 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.5%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.77%.

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.