Vanguard Group Inc. Has $4.05 Billion Stake in Cognizant Technology Solutions Corporation $CTSH

Vanguard Group Inc. raised its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 0.8% in the third quarter, HoldingsChannel.com reports. The fund owned 60,348,442 shares of the information technology service provider’s stock after purchasing an additional 493,912 shares during the quarter. Vanguard Group Inc. owned 0.12% of Cognizant Technology Solutions worth $4,047,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of CTSH. Security National Bank of SO Dak lifted its stake in Cognizant Technology Solutions by 0.6% in the 2nd quarter. Security National Bank of SO Dak now owns 24,635 shares of the information technology service provider’s stock valued at $1,922,000 after purchasing an additional 150 shares during the last quarter. NewSquare Capital LLC raised its stake in Cognizant Technology Solutions by 71.8% in the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock valued at $29,000 after buying an additional 153 shares during the period. Haven Private LLC lifted its position in shares of Cognizant Technology Solutions by 1.9% in the third quarter. Haven Private LLC now owns 8,451 shares of the information technology service provider’s stock valued at $567,000 after buying an additional 157 shares during the last quarter. STF Management LP boosted its stake in shares of Cognizant Technology Solutions by 2.1% during the 2nd quarter. STF Management LP now owns 7,534 shares of the information technology service provider’s stock worth $588,000 after acquiring an additional 158 shares during the period. Finally, Uncommon Cents Investing LLC boosted its stake in shares of Cognizant Technology Solutions by 2.0% during the 3rd quarter. Uncommon Cents Investing LLC now owns 8,400 shares of the information technology service provider’s stock worth $563,000 after acquiring an additional 165 shares during the period. Institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CTSH shares. UBS Group reissued a “neutral” rating and issued a $82.00 price objective (up from $78.00) on shares of Cognizant Technology Solutions in a research report on Monday, December 8th. JPMorgan Chase & Co. increased their price target on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Guggenheim reaffirmed a “buy” rating and issued a $100.00 target price (up previously from $95.00) on shares of Cognizant Technology Solutions in a research report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Monday, January 26th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $85.00 price objective (up from $84.00) on shares of Cognizant Technology Solutions in a report on Thursday, February 5th. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, Cognizant Technology Solutions presently has a consensus rating of “Hold” and a consensus price target of $90.17.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ:CTSH opened at $65.18 on Wednesday. Cognizant Technology Solutions Corporation has a one year low of $64.61 and a one year high of $90.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.14 and a quick ratio of 2.14. The company has a market cap of $31.46 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 1.44 and a beta of 0.95. The firm has a 50 day simple moving average of $81.44 and a 200 day simple moving average of $74.74.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.03. The company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.31 billion. Cognizant Technology Solutions had a return on equity of 17.17% and a net margin of 10.56%.The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.21 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. Research analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Wednesday, February 18th will be paid 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 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, February 18th. Cognizant Technology Solutions’s payout ratio is currently 27.25%.

Insider Activity at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $80.00, for a total value of $200,000.00. Following the completion of the sale, the chief accounting officer owned 36,149 shares of the company’s stock, valued at approximately $2,891,920. This trade represents a 6.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 completion of the transaction, the director directly owned 29,729 shares in the company, 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. Over the last three months, insiders have sold 29,434 shares of company stock valued at $2,460,809. Company insiders own 0.32% of the company’s stock.

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.