Fjarde AP Fonden Fourth Swedish National Pension Fund Has $16.98 Million Position in Cognizant Technology Solutions Corporation $CTSH

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 4.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 204,620 shares of the information technology service provider’s stock after selling 10,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Cognizant Technology Solutions were worth $16,983,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Alps Advisors Inc. lifted its position in shares of Cognizant Technology Solutions by 16.5% during the 3rd quarter. Alps Advisors Inc. now owns 306,078 shares of the information technology service provider’s stock valued at $20,529,000 after acquiring an additional 43,252 shares during the period. Temasek Holdings Private Ltd bought a new stake in Cognizant Technology Solutions during the 3rd quarter valued at $55,217,000. OFI Invest Asset Management bought a new stake in Cognizant Technology Solutions during the 4th quarter valued at $8,421,000. LSV Asset Management increased its stake in Cognizant Technology Solutions by 4.3% during the 3rd quarter. LSV Asset Management now owns 1,749,490 shares of the information technology service provider’s stock valued at $117,338,000 after purchasing an additional 71,711 shares in the last quarter. Finally, Penserra Capital Management LLC increased its stake in Cognizant Technology Solutions by 480.1% during the 3rd quarter. Penserra Capital Management LLC now owns 15,716 shares of the information technology service provider’s stock valued at $1,052,000 after purchasing an additional 13,007 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CTSH. Evercore decreased their price target on shares of Cognizant Technology Solutions from $100.00 to $70.00 in a research note on Thursday, April 30th. Nomura boosted their price target on shares of Cognizant Technology Solutions from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Dbs Bank decreased their price target on shares of Cognizant Technology Solutions from $80.00 to $66.00 in a research note on Thursday, May 7th. TD Cowen restated a “hold” rating and set a $62.00 price target (down from $71.00) on shares of Cognizant Technology Solutions in a research note on Thursday, April 30th. Finally, Susquehanna decreased their price target on shares of Cognizant Technology Solutions from $98.00 to $88.00 and set a “positive” rating for the company in a research note on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $72.68.

Cognizant Technology Solutions Stock Performance

NASDAQ CTSH opened at $53.21 on Friday. Cognizant Technology Solutions Corporation has a 1 year low of $45.48 and a 1 year high of $87.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.23 and a quick ratio of 2.23. The firm has a market cap of $25.21 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.12 and a beta of 0.81. The company has a fifty day moving average price of $55.65 and a 200-day moving average price of $68.48.

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

Cognizant Technology Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th were paid a $0.33 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.32 annualized dividend and a dividend yield of 2.5%. Cognizant Technology Solutions’s dividend payout ratio is presently 28.70%.

Cognizant Technology Solutions declared that its board has authorized a stock 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 reacquire up to 9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Cognizant Technology Solutions Company 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.