Cognizant Technology Solutions Corporation $CTSH Stock Holdings Boosted by AIA Group Ltd

AIA Group Ltd grew its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 275.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 60,233 shares of the information technology service provider’s stock after purchasing an additional 44,196 shares during the quarter. AIA Group Ltd’s holdings in Cognizant Technology Solutions were worth $4,040,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Cognizant Technology Solutions during the 2nd quarter valued at about $487,526,000. CIBC Bancorp USA Inc. bought a new stake in shares of Cognizant Technology Solutions in the 3rd quarter worth approximately $201,834,000. Voloridge Investment Management LLC lifted its stake in Cognizant Technology Solutions by 801.4% during the third quarter. Voloridge Investment Management LLC now owns 2,104,276 shares of the information technology service provider’s stock valued at $141,134,000 after purchasing an additional 1,870,834 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in Cognizant Technology Solutions by 144.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,631,890 shares of the information technology service provider’s stock worth $176,521,000 after buying an additional 1,554,648 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Cognizant Technology Solutions by 59.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,778,252 shares of the information technology service provider’s stock worth $253,407,000 after buying an additional 1,407,776 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Performance

Shares of CTSH stock opened at $61.55 on Friday. Cognizant Technology Solutions Corporation has a fifty-two week low of $59.35 and a fifty-two week high of $87.03. The stock’s 50-day moving average is $72.24 and its two-hundred day moving average is $73.54. 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 firm has a market cap of $29.44 billion, a P/E ratio of 13.53, a PEG ratio of 1.31 and a beta of 0.99.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 EPS for the quarter, beating the consensus estimate 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 business had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.31 billion. During the same quarter in the previous year, the business posted $1.21 EPS. The firm’s quarterly 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. 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 firm also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th were paid a dividend of $0.33 per share. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, February 18th. This represents a $1.32 annualized dividend and a dividend yield of 2.1%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 29.01%.

Insider Buying and Selling at Cognizant Technology Solutions

In other news, Director Michael Patsalos-Fox sold 4,000 shares of the firm’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $85.30, for a total transaction of $341,200.00. Following the transaction, the director owned 37,729 shares in the company, valued at approximately $3,218,283.70. This trade represents a 9.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Surya Gummadi sold 1,728 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $83.06, for a total transaction of $143,527.68. Following the completion of the sale, the insider owned 25,641 shares of the company’s stock, valued at $2,129,741.46. This represents a 6.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 13,859 shares of company stock worth $1,172,110. 0.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Weiss Ratings raised Cognizant Technology Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Argus upgraded Cognizant Technology Solutions to a “hold” rating in a report on Tuesday, February 10th. Citigroup reaffirmed a “neutral” rating and set a $86.00 target price (up from $75.00) on shares of Cognizant Technology Solutions in a research report on Thursday, January 22nd. UBS Group set a $71.00 target price on Cognizant Technology Solutions in a report on Friday, March 13th. Finally, Susquehanna reiterated a “positive” rating and issued a $98.00 price target on shares of Cognizant Technology Solutions in a research report on Friday, January 23rd. Ten investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cognizant Technology Solutions presently has an average rating of “Hold” and a consensus price target of $88.78.

Cognizant Technology Solutions 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.