Ascent Group LLC Buys 13,069 Shares of Cognizant Technology Solutions Corporation $CTSH

Ascent Group LLC lifted its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 53.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 37,585 shares of the information technology service provider’s stock after buying an additional 13,069 shares during the quarter. Ascent Group LLC’s holdings in Cognizant Technology Solutions were worth $3,120,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CTSH. Lodestone Wealth Management LLC bought a new stake in Cognizant Technology Solutions during the 4th quarter valued at about $28,000. JPL Wealth Management LLC purchased a new position in Cognizant Technology Solutions in the third quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Cognizant Technology Solutions during the fourth quarter valued at approximately $32,000. High Note Wealth LLC increased its position in shares of Cognizant Technology Solutions by 22,450.0% during the third quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock valued at $30,000 after acquiring an additional 449 shares in the last quarter. Finally, New Millennium Group LLC purchased a new position in Cognizant Technology Solutions in the 3rd quarter worth approximately $34,000. Institutional investors own 92.44% of the company’s stock.

Insider Buying and Selling at Cognizant Technology Solutions

In other news, Director Michael Patsalos-Fox sold 2,000 shares of the business’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 sale, the director owned 29,729 shares of the company’s stock, valued at $2,504,073.67. The trade was a 6.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 value 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 trade represents a 6.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,859 shares of company stock worth $319,950 in the last quarter. Corporate insiders own 0.32% of the company’s stock.

Cognizant Technology Solutions Stock Performance

Cognizant Technology Solutions stock opened at $62.54 on Monday. The business has a 50-day simple moving average of $67.08 and a two-hundred day simple moving average of $72.85. The company has a market cap of $29.91 billion, a P/E ratio of 13.75, a P/E/G ratio of 1.36 and a beta of 0.98. Cognizant Technology Solutions Corporation has a 52-week low of $58.83 and a 52-week high of $87.03. 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 issued its quarterly earnings data 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 firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.31 billion. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.21 EPS. 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 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th were given a $0.33 dividend. The ex-dividend date was Wednesday, February 18th. 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 2.1%. Cognizant Technology Solutions’s payout ratio is 29.01%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CTSH shares. Royal Bank Of Canada upped their price objective on Cognizant Technology Solutions from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. Citigroup reaffirmed a “neutral” rating and set a $86.00 price objective (up from $75.00) on shares of Cognizant Technology Solutions in a research report on Thursday, January 22nd. UBS Group set a $71.00 price objective on Cognizant Technology Solutions in a report on Friday, March 13th. Berenberg Bank set a $107.00 target price on Cognizant Technology Solutions and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Mizuho set a $87.00 target price on shares of Cognizant Technology Solutions in a research note on Monday, February 9th. Nine investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cognizant Technology Solutions presently has an average rating of “Hold” and a consensus target price 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.