Bank of New York Mellon Corp Has $697.98 Million Stock Position in Cognizant Technology Solutions Corporation $CTSH

Bank of New York Mellon Corp decreased its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 7.4% during the 4th quarter, HoldingsChannel reports. The fund owned 8,409,415 shares of the information technology service provider’s stock after selling 671,173 shares during the period. Bank of New York Mellon Corp’s holdings in Cognizant Technology Solutions were worth $697,981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Checchi Capital Advisers LLC grew its stake in shares of Cognizant Technology Solutions by 3.4% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,852 shares of the information technology service provider’s stock worth $320,000 after acquiring an additional 127 shares during the last quarter. Unison Advisors LLC lifted its position in Cognizant Technology Solutions by 0.5% in the fourth quarter. Unison Advisors LLC now owns 30,095 shares of the information technology service provider’s stock worth $2,498,000 after purchasing an additional 138 shares during the period. TD Waterhouse Canada Inc. lifted its position in Cognizant Technology Solutions by 7.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,130 shares of the information technology service provider’s stock worth $177,000 after purchasing an additional 143 shares during the period. Security National Bank of SO Dak lifted its position in Cognizant Technology Solutions by 0.6% in the second quarter. Security National Bank of SO Dak now owns 24,635 shares of the information technology service provider’s stock worth $1,922,000 after purchasing an additional 150 shares during the period. Finally, Haven Private LLC lifted its position in 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 worth $567,000 after purchasing an additional 157 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on CTSH. Argus raised Cognizant Technology Solutions to a “hold” rating in a research report on Tuesday, February 10th. Robert W. Baird set a $72.00 target price on Cognizant Technology Solutions and gave the stock a “neutral” rating in a research report on Friday, April 10th. TD Cowen reaffirmed a “hold” rating and issued a $62.00 target price (down from $71.00) on shares of Cognizant Technology Solutions in a research report on Thursday, April 30th. Guggenheim reduced their target price on Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, Truist Financial began coverage on Cognizant Technology Solutions in a research report on Monday. They issued a “hold” rating and a $66.00 target price for the company. Ten analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $72.68.

More Cognizant Technology Solutions News

Here are the key news stories impacting Cognizant Technology Solutions this week:

• Positive Sentiment: Cognizant announced expanded AI partnerships with Snowflake and CrowdStrike, which could support future revenue growth by deepening its enterprise AI, analytics, and cybersecurity offerings. Cognizant Accelerates Enterprise AI Adoption with Snowflake’s Cortex-Powered Intelligent Agents
• Positive Sentiment: Shareholders re-elected the board and backed the company’s governance framework at the annual meeting, signaling continued investor support for management and strategy. Cognizant Shareholders Reelect Board and Back Governance Framework
• Positive Sentiment: Analyst sentiment remains generally constructive, with recent buy/overweight calls and several price targets above the current share price, which may help limit downside. Here’s Why Cognizant (CTSH) is a Strong Momentum Stock
• Neutral Sentiment: Cognizant said CFO Jatin Dalal will present at the 2026 Nasdaq Investor Conference next week; this is mostly a visibility event rather than a direct business catalyst. Cognizant to Present at the 2026 Nasdaq Investor Conference in Association with Jefferies
• Neutral Sentiment: Insider selling continued, with CAO Alina Kerdman selling a small block of shares under a pre-arranged 10b5-1 plan; the sale is routine but may still add to cautious sentiment. SEC insider filing for Alina Kerdman sale
• Negative Sentiment: Recent trading has been pressured by investor focus on softer near-term growth signals and a cautious read-through from the latest quarterly guidance, which appears to be weighing on the shares more than the positive headlines. Cognizant slides as investors continue to focus on soft near-term growth signals

Cognizant Technology Solutions Stock Down 3.0%

Shares of NASDAQ CTSH opened at $53.51 on Thursday. The stock has a market cap of $25.36 billion, a PE ratio of 11.63, a PEG ratio of 1.16 and a beta of 0.81. The business has a fifty day moving average of $55.92 and a two-hundred day moving average of $68.72. Cognizant Technology Solutions Corporation has a 52-week low of $45.48 and a 52-week high of $87.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 2.23.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. The company had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.41 billion. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The business’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the business earned $1.23 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, equities research analysts expect that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.5%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.70%.

Cognizant Technology Solutions declared that its Board of Directors has initiated a share buyback plan on Monday, May 18th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the information technology service provider to repurchase up to 9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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.