ABN Amro Investment Solutions Lowers Stake in Cognizant Technology Solutions Corporation $CTSH

ABN Amro Investment Solutions lessened its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 31.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,185 shares of the information technology service provider’s stock after selling 16,340 shares during the period. ABN Amro Investment Solutions’ holdings in Cognizant Technology Solutions were worth $2,360,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CTSH. NewSquare Capital LLC raised 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 acquiring an additional 153 shares during the last quarter. High Note Wealth LLC grew its position in shares of Cognizant Technology Solutions by 22,450.0% in the third quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock valued at $30,000 after purchasing an additional 449 shares during the period. Winnow Wealth LLC acquired a new position in Cognizant Technology Solutions in the third quarter valued at $39,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Cognizant Technology Solutions by 267.7% during 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 buying an additional 439 shares during the period. Finally, Root Financial Partners LLC purchased a new position in Cognizant Technology Solutions during the third quarter worth about $41,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Activity at Cognizant Technology Solutions

In other news, CEO Ravi Kumar Singisetti sold 2,950 shares of the company’s 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 sale, the chief executive officer owned 75,209 shares in the company, valued at approximately $6,397,277.54. This represents a 3.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Patsalos-Fox sold 2,000 shares of Cognizant Technology Solutions stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $84.23, for a total value of $168,460.00. Following the completion of the transaction, the director owned 29,729 shares of the company’s stock, valued at $2,504,073.67. This trade represents a 6.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 29,434 shares of company stock worth $2,460,809 in the last ninety days. 0.32% of the stock is currently owned by corporate insiders.

Cognizant Technology Solutions Stock Up 1.1%

NASDAQ CTSH opened at $66.55 on Monday. The stock has a market cap of $32.12 billion, a PE ratio of 14.63, a P/E/G ratio of 1.44 and a beta of 0.95. The business has a 50 day moving average price of $82.04 and a two-hundred day moving average price of $74.81. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.00 and a fifty-two week high of $90.82. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.04.

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

Cognizant Technology Solutions Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, February 18th. This is an increase 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 2.0%. Cognizant Technology Solutions’s dividend payout ratio is 27.25%.

Analyst Ratings Changes

Several research firms have commented on CTSH. Berenberg Bank set a $107.00 price target on Cognizant Technology Solutions and gave the company a “buy” rating in a report on Thursday, January 22nd. BMO Capital Markets set a $83.00 target price on shares of Cognizant Technology Solutions in a report on Thursday. TD Cowen reaffirmed a “hold” rating and set a $85.00 price target (up previously from $84.00) on shares of Cognizant Technology Solutions in a research note on Thursday, February 5th. JPMorgan Chase & Co. boosted 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. Finally, Argus upgraded Cognizant Technology Solutions to a “hold” rating in a report on Tuesday, February 10th. Ten research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $90.17.

About Cognizant Technology Solutions

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.