ARGA Investment Management LP Purchases 11,473 Shares of Cognizant Technology Solutions Corporation $CTSH

ARGA Investment Management LP lifted its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 8.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 140,871 shares of the information technology service provider’s stock after purchasing an additional 11,473 shares during the period. ARGA Investment Management LP’s holdings in Cognizant Technology Solutions were worth $9,448,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hilltop National Bank bought a new stake in Cognizant Technology Solutions in the 2nd quarter worth $27,000. NewSquare Capital LLC raised its holdings in shares of Cognizant Technology Solutions by 71.8% during the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock valued at $29,000 after acquiring an additional 153 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in Cognizant Technology Solutions by 267.7% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 603 shares of the information technology service provider’s stock worth $40,000 after acquiring an additional 439 shares during the period. Root Financial Partners LLC bought a new stake in Cognizant Technology Solutions in the third quarter valued at $41,000. Finally, Geneos Wealth Management Inc. increased its position in 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 purchasing an additional 309 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CTSH. JPMorgan Chase & Co. lifted their price objective on Cognizant Technology Solutions from $89.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Berenberg Bank set a $107.00 target price on Cognizant Technology Solutions and gave the company a “buy” rating in a research note on Thursday. Guggenheim reissued a “buy” rating and set a $85.00 price objective (down from $90.00) on shares of Cognizant Technology Solutions in a report on Tuesday, October 21st. TD Cowen reiterated a “hold” rating on shares of Cognizant Technology Solutions in a research report on Friday, January 9th. Finally, William Blair upgraded shares of Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research report on Friday, November 21st. Eight research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, Cognizant Technology Solutions currently has an average rating of “Hold” and an average target price of $88.22.

Cognizant Technology Solutions Price Performance

Shares of CTSH stock opened at $84.18 on Friday. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a twelve month low of $65.15 and a twelve month high of $90.82. The stock has a fifty day simple moving average of $81.71 and a two-hundred day simple moving average of $74.72. The stock has a market capitalization of $40.63 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 1.62 and a beta of 0.96.

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

Cognizant Technology Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 18th were paid a $0.31 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.5%. Cognizant Technology Solutions’s dividend payout ratio is presently 28.77%.

Insider Buying and Selling

In related news, CAO John Sunshin Kim sold 2,500 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $200,000.00. Following the sale, the chief accounting officer directly owned 36,149 shares of the company’s stock, valued at approximately $2,891,920. This represents a 6.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael Patsalos-Fox sold 2,000 shares of the firm’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $84.23, for a total transaction of $168,460.00. Following the sale, the director owned 29,729 shares in the company, valued at approximately $2,504,073.67. This represents a 6.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,206 shares of company stock valued at $2,505,231 over the last ninety days. Company insiders own 0.32% of the company’s stock.

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.