AustralianSuper Pty Ltd Purchases New Position in Cognizant Technology Solutions Corporation $CTSH

AustralianSuper Pty Ltd purchased a new stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 65,924 shares of the information technology service provider’s stock, valued at approximately $4,422,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CTSH. Vanguard Group Inc. lifted its stake in shares of Cognizant Technology Solutions by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 59,854,530 shares of the information technology service provider’s stock valued at $4,670,449,000 after purchasing an additional 746,732 shares during the period. State Street Corp increased its holdings in Cognizant Technology Solutions by 0.6% in the second quarter. State Street Corp now owns 25,381,572 shares of the information technology service provider’s stock valued at $1,980,524,000 after buying an additional 157,427 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of Cognizant Technology Solutions by 2.2% in the second quarter. Pzena Investment Management LLC now owns 17,450,691 shares of the information technology service provider’s stock worth $1,361,677,000 after acquiring an additional 375,619 shares during the period. Geode Capital Management LLC boosted its stake in shares of Cognizant Technology Solutions by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 14,019,891 shares of the information technology service provider’s stock worth $1,091,391,000 after acquiring an additional 206,532 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Cognizant Technology Solutions during the 2nd quarter valued at about $487,526,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Trading Down 0.5%

Shares of CTSH stock opened at $82.06 on Friday. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.15 and a fifty-two week high of $90.82. 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 stock’s fifty day moving average is $82.80 and its two-hundred day moving average is $74.93. The firm has a market capitalization of $39.61 billion, a P/E ratio of 19.04, a PEG ratio of 1.59 and a beta of 0.96.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.09. The business had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Cognizant Technology Solutions had a net margin of 10.20% and a return on equity of 17.00%. 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 business earned $1.25 earnings per share. Research analysts expect that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Insider Activity at Cognizant Technology Solutions

In other news, Director Michael Patsalos-Fox sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $84.23, for a total transaction of $168,460.00. Following the transaction, the director directly owned 29,729 shares in the company, valued at $2,504,073.67. The trade was a 6.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ravi Kumar Singisetti sold 2,950 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 75,209 shares of the company’s stock, valued at approximately $6,397,277.54. This represents a 3.77% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 27,706 shares of company stock valued at $2,317,281. Corporate insiders own 0.32% of the company’s stock.

More Cognizant Technology Solutions News

Here are the key news stories impacting Cognizant Technology Solutions this week:

• Positive Sentiment: Cognizant’s Belcan unit (a Cognizant company) is part of the Missile Defense Agency’s SHIELD IDIQ vehicle with a $151B ceiling — a large potential addressable market for engineering, software and defense work that could drive multi-year revenue for Cognizant’s government/defense vertical. Belcan Government Solutions Secures SHIELD Contract
• Positive Sentiment: Press coverage highlights that a Cognizant subsidiary secured a seat on the U.S. missile defense overhaul program — reinforcing the company’s positioning in high-value government programs. Cognizant Wins Seat In Missile Defense Overhaul
• Positive Sentiment: Multi‑year expansion with Kohler to accelerate AI and cloud transformation — this deal reinforces recurring-scope digital engineering and cloud services revenue. Cognizant and Kohler Deepen Strategic Collaboration
• Positive Sentiment: Partnership with Adobe to scale AI-driven content supply chains and governance for enterprise marketing and CX — expands managed services/AI offerings in an addressed TAM likely to support higher-margin work. Cognizant to Accelerate AI-Driven Creativity with Adobe
• Positive Sentiment: Longstanding commercial wins and renewals — 25-year Ace Hardware partnership renewal, Flagstar Bank one‑year partnership update, and a Travel + Leisure collaboration renewal — signal stable client retention and cross-sell opportunities. Cognizant and Ace Hardware Celebrate 25 Years Cognizant and Flagstar Bank Mark One-Year Partnership Cognizant and Travel + Leisure Renew Collaboration
• Neutral Sentiment: Wall Street coverage shows analysts remain moderately optimistic with target prices generally above recent levels, but there’s no widespread consensus upgrade driving the move today. What Are Wall Street Analysts’ Target Price for Cognizant
• Neutral Sentiment: Reported short-interest data in late January appears anomalous/zeroed out and provides no clear pressure signal to explain today’s decline; monitor for updated, reliable short-interest prints before treating this as a factor.

Analyst Ratings Changes

A number of equities analysts have issued reports on CTSH shares. JPMorgan Chase & Co. increased their price target on Cognizant Technology Solutions from $89.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. William Blair raised Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research note on Friday, November 21st. Mizuho set a $85.00 price target on shares of Cognizant Technology Solutions in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a report on Monday. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $84.00 price objective on shares of Cognizant Technology Solutions in a report on Wednesday, October 29th. Nine investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Cognizant Technology Solutions presently has a consensus rating of “Hold” and an average target price of $90.28.

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.