ProShare Advisors LLC Decreases Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

ProShare Advisors LLC reduced its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 17.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 654,344 shares of the information technology service provider’s stock after selling 141,054 shares during the period. ProShare Advisors LLC’s holdings in Cognizant Technology Solutions were worth $43,887,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CTSH. Brighton Jones LLC purchased a new stake in shares of Cognizant Technology Solutions in the fourth quarter valued at about $214,000. Geneos Wealth Management Inc. grew its holdings 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 worth $44,000 after purchasing an additional 309 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Cognizant Technology Solutions during the 1st quarter worth about $142,000. Callan Family Office LLC purchased a new stake in Cognizant Technology Solutions in the 2nd quarter valued at about $394,000. Finally, IFP Advisors Inc lifted its position in Cognizant Technology Solutions by 10.8% in the second quarter. IFP Advisors Inc now owns 10,342 shares of the information technology service provider’s stock valued at $894,000 after buying an additional 1,004 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Performance

NASDAQ:CTSH opened at $74.60 on Tuesday. Cognizant Technology Solutions Corporation has a 52 week low of $65.15 and a 52 week high of $90.82. The company has a fifty day simple moving average of $82.84 and a two-hundred day simple moving average of $74.97. The company has a quick ratio of 2.36, a current ratio of 2.34 and a debt-to-equity ratio of 0.04. The company has a market cap of $36.01 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 1.47 and a beta of 0.95.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. Cognizant Technology Solutions had a return on equity of 17.17% and a net margin of 10.56%.The firm had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.31 billion. During the same period last year, the business posted $1.21 earnings per share. Cognizant Technology Solutions’s revenue was up 4.9% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. As a group, equities analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th will be given a dividend of $0.33 per share. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, February 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 27.25%.

Insider Activity

In other news, insider Surya Gummadi sold 1,728 shares of Cognizant Technology Solutions stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $83.06, for a total transaction of $143,527.68. Following the completion of the sale, the insider directly owned 25,641 shares of the company’s stock, valued at approximately $2,129,741.46. The trade was a 6.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ravi Kumar Singisetti sold 2,950 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 75,209 shares in the company, valued at $6,397,277.54. This trade represents a 3.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 29,434 shares of company stock valued at $2,460,809 over the last quarter. Company insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CTSH shares. BMO Capital Markets reiterated a “market perform” rating and set a $96.00 price target on shares of Cognizant Technology Solutions in a research report on Thursday, January 29th. JPMorgan Chase & Co. increased their price objective on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Citigroup reissued a “neutral” rating and issued a $86.00 target price (up previously from $75.00) on shares of Cognizant Technology Solutions in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Monday, January 26th. Finally, Guggenheim reiterated a “buy” rating and issued a $100.00 price objective (up previously from $95.00) on shares of Cognizant Technology Solutions in a report on Wednesday, January 28th. Ten research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $90.89.

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.