Janney Montgomery Scott LLC Acquires 12,236 Shares of Cognizant Technology Solutions Corporation $CTSH

Janney Montgomery Scott LLC lifted its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 67.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,386 shares of the information technology service provider’s stock after acquiring an additional 12,236 shares during the period. Janney Montgomery Scott LLC’s holdings in Cognizant Technology Solutions were worth $1,864,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Evolve Private Wealth LLC bought a new stake in shares of Cognizant Technology Solutions in the fourth quarter valued at approximately $2,642,000. Temasek Holdings Private Ltd bought a new position in Cognizant Technology Solutions during the 3rd quarter worth $55,217,000. OFI Invest Asset Management bought a new position in Cognizant Technology Solutions during the 4th quarter worth $8,421,000. Arrowstreet Capital Limited Partnership raised its holdings in Cognizant Technology Solutions by 34.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,874,274 shares of the information technology service provider’s stock valued at $238,565,000 after acquiring an additional 734,337 shares in the last quarter. Finally, Corient Private Wealth LLC raised its holdings in Cognizant Technology Solutions by 44.4% in the 4th quarter. Corient Private Wealth LLC now owns 108,131 shares of the information technology service provider’s stock valued at $8,977,000 after acquiring an additional 33,248 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on CTSH. HSBC reduced their target price on Cognizant Technology Solutions from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Truist Financial started coverage on shares of Cognizant Technology Solutions in a research report on Monday, June 1st. They issued a “hold” rating and a $66.00 target price for the company. TD Cowen reduced their price target on shares of Cognizant Technology Solutions from $62.00 to $47.00 and set a “hold” rating on the stock in a research report on Friday, June 26th. Dbs Bank lowered their price objective on shares of Cognizant Technology Solutions from $80.00 to $66.00 in a research report on Thursday, May 7th. Finally, Weiss Ratings downgraded Cognizant Technology Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Eleven research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cognizant Technology Solutions presently has a consensus rating of “Hold” and a consensus price target of $68.35.

Cognizant Technology Solutions Trading Up 2.3%

Shares of Cognizant Technology Solutions stock opened at $43.40 on Friday. The firm’s 50 day moving average is $48.50 and its 200 day moving average is $62.63. The firm has a market capitalization of $20.57 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 0.89 and a beta of 0.87. Cognizant Technology Solutions Corporation has a 1 year low of $37.08 and a 1 year high of $87.03. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 EPS for the quarter, beating 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 business had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.41 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. The firm’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. Equities research analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 28.70%.

Cognizant Technology Solutions announced that its Board of Directors has authorized a share repurchase program on Monday, May 18th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the information technology service provider to reacquire up to 9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is 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.