Cognizant Technology Solutions Corporation $CTSH Position Lowered by Andra AP fonden

Andra AP fonden decreased its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 35.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 458,397 shares of the information technology service provider’s stock after selling 251,052 shares during the quarter. Andra AP fonden’s holdings in Cognizant Technology Solutions were worth $38,047,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CTSH. Norges Bank bought a new position in Cognizant Technology Solutions in the fourth quarter worth about $690,959,000. CIBC Bancorp USA Inc. bought a new position in Cognizant Technology Solutions in the third quarter worth about $201,834,000. Voloridge Investment Management LLC lifted its holdings in Cognizant Technology Solutions by 801.4% in the third quarter. Voloridge Investment Management LLC now owns 2,104,276 shares of the information technology service provider’s stock worth $141,134,000 after acquiring an additional 1,870,834 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in Cognizant Technology Solutions by 144.3% in 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 acquiring an additional 1,554,648 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new position in Cognizant Technology Solutions in the fourth quarter worth about $84,574,000. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

NASDAQ CTSH opened at $51.18 on Friday. Cognizant Technology Solutions Corporation has a 12 month low of $45.48 and a 12 month 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 capitalization of $24.25 billion, a PE ratio of 11.13, a P/E/G ratio of 1.09 and a beta of 0.81. The company’s 50 day simple moving average is $54.97 and its 200 day simple moving average is $67.87.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same quarter last year, the business earned $1.23 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, equities research analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 EPS 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. Investors of record on Monday, May 18th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.70%.

Cognizant Technology Solutions declared that its board has initiated a stock buyback program on Monday, May 18th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the information technology service provider to reacquire up to 9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CTSH shares. Robert W. Baird set a $72.00 target price on shares of Cognizant Technology Solutions and gave the stock a “neutral” rating in a report on Friday, April 10th. Jefferies Financial Group cut their target price on shares of Cognizant Technology Solutions from $80.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Guggenheim cut their target price on shares of Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. JPMorgan Chase & Co. cut their target price on shares of Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. Finally, TD Cowen reissued a “hold” rating and issued a $62.00 target price (down from $71.00) on shares of Cognizant Technology Solutions in a report on Thursday, April 30th. Eleven research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, Cognizant Technology Solutions currently has an average rating of “Hold” and a consensus target price of $73.50.

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.