Cognizant Technology Solutions Corporation $CTSH Stock Holdings Lessened by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise cut its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 74.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 8,141 shares of the information technology service provider’s stock after selling 23,635 shares during the period. Banque Cantonale Vaudoise’s holdings in Cognizant Technology Solutions were worth $499,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Invesco Ltd. increased its stake in Cognizant Technology Solutions by 8.6% in the 3rd quarter. Invesco Ltd. now owns 12,534,198 shares of the information technology service provider’s stock valued at $840,669,000 after buying an additional 987,395 shares during the period. First Trust Advisors LP grew its position in Cognizant Technology Solutions by 7.6% in the third quarter. First Trust Advisors LP now owns 9,085,998 shares of the information technology service provider’s stock worth $609,398,000 after acquiring an additional 639,801 shares in the last quarter. Norges Bank bought a new position in Cognizant Technology Solutions during the fourth quarter valued at about $690,959,000. GQG Partners LLC acquired a new stake in shares of Cognizant Technology Solutions in the fourth quarter worth about $673,651,000. Finally, FIL Ltd raised its position in shares of Cognizant Technology Solutions by 46.6% in the fourth quarter. FIL Ltd now owns 6,680,508 shares of the information technology service provider’s stock valued at $554,482,000 after purchasing an additional 2,122,600 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group reduced their price objective on Cognizant Technology Solutions from $80.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, May 4th. TD Cowen lowered their price objective on Cognizant Technology Solutions from $62.00 to $47.00 and set a “hold” rating on the stock in a research report on Friday. Morgan Stanley set a $44.00 target price on Cognizant Technology Solutions and gave the stock an “equal weight” rating in a research report on Tuesday, June 23rd. Susquehanna lowered their price target on shares of Cognizant Technology Solutions from $98.00 to $88.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Finally, Truist Financial initiated coverage on shares of Cognizant Technology Solutions in a research report on Monday, June 1st. They set a “hold” rating and a $66.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cognizant Technology Solutions presently has an average rating of “Hold” and an average price target of $69.70.

Cognizant Technology Solutions Price Performance

Shares of Cognizant Technology Solutions stock opened at $40.03 on Monday. Cognizant Technology Solutions Corporation has a 1-year low of $38.97 and a 1-year high of $87.03. The firm’s 50-day moving average price is $51.46 and its two-hundred day moving average price is $65.30. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $18.97 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 0.84 and a beta of 0.81.

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

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

Cognizant Technology Solutions Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 3.3%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.70%.

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.