Atlas Capital Advisors Inc. Invests $1.05 Million in Cognizant Technology Solutions Corporation $CTSH

Atlas Capital Advisors Inc. purchased a new position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,700 shares of the information technology service provider’s stock, valued at approximately $1,054,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. JPL Wealth Management LLC acquired a new position in shares of Cognizant Technology Solutions in the third quarter valued at approximately $25,000. Lodestone Wealth Management LLC acquired a new position in shares of Cognizant Technology Solutions in the fourth quarter valued at approximately $28,000. Flagship Harbor Advisors LLC acquired a new position in shares of Cognizant Technology Solutions in the fourth quarter valued at approximately $28,000. Physician Wealth Advisors Inc. lifted its position in Cognizant Technology Solutions by 165.1% in the 4th quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock valued at $28,000 after acquiring an additional 213 shares in the last quarter. Finally, Towne Trust Company N.A lifted its position in Cognizant Technology Solutions by 85.0% in the 4th quarter. Towne Trust Company N.A now owns 370 shares of the information technology service provider’s stock valued at $31,000 after acquiring an additional 170 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Cognizant Technology Solutions Price Performance

Shares of CTSH opened at $52.17 on Monday. Cognizant Technology Solutions Corporation has a 52 week low of $45.48 and a 52 week high of $87.03. The firm has a market cap of $24.72 billion, a P/E ratio of 11.34, a price-to-earnings-growth ratio of 1.10 and a beta of 0.81. The firm’s 50-day simple moving average is $54.79 and its 200 day simple moving average is $67.71. 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 announced its quarterly earnings results 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 in the prior year, the business earned $1.23 EPS. Cognizant Technology Solutions’s quarterly revenue 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. On average, analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors 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 dividend on an annualized basis and a yield of 2.5%. Cognizant Technology Solutions’s dividend payout ratio is 28.70%.

Cognizant Technology Solutions announced that its board has initiated a share buyback plan on Monday, May 18th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the information technology service provider to buy up to 9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wedbush raised shares of Cognizant Technology Solutions from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $56.00 to $70.00 in a research report on Monday, June 8th. HSBC cut their price objective on shares of Cognizant Technology Solutions from $98.00 to $80.00 in a research report on Thursday, April 30th. Nomura lifted 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. UBS Group lowered their price target on shares of Cognizant Technology Solutions from $60.00 to $55.00 in a research note on Monday, May 11th. Finally, Evercore lowered their price target on shares of Cognizant Technology Solutions from $100.00 to $70.00 in a research note on Thursday, April 30th. Eleven investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $73.50.

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.