Arbejdsmarkedets Tillaegspension Reduces Position in Cognizant Technology Solutions Corporation $CTSH

Arbejdsmarkedets Tillaegspension trimmed its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 54.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,255 shares of the information technology service provider’s stock after selling 156,070 shares during the period. Arbejdsmarkedets Tillaegspension’s holdings in Cognizant Technology Solutions were worth $8,052,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPL Wealth Management LLC bought a new stake in Cognizant Technology Solutions in the third quarter worth about $25,000. Lodestone Wealth Management LLC purchased a new stake in shares of Cognizant Technology Solutions in the fourth quarter worth approximately $28,000. Flagship Harbor Advisors LLC bought a new stake in shares of Cognizant Technology Solutions during the 4th quarter worth approximately $28,000. Physician Wealth Advisors Inc. boosted its holdings in Cognizant Technology Solutions by 165.1% during 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 during the period. Finally, Prosperity Bancshares Inc purchased a new position in Cognizant Technology Solutions during the 4th quarter valued at $29,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CTSH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their target price on Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 28th. Evercore lowered their target price on shares of Cognizant Technology Solutions from $100.00 to $70.00 in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $55.00 price target on shares of Cognizant Technology Solutions in a report on Friday. HSBC reduced their price target on shares of Cognizant Technology Solutions from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Finally, Mizuho decreased their price objective on shares of Cognizant Technology Solutions from $87.00 to $68.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Eleven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $64.26.

Cognizant Technology Solutions Price Performance

CTSH opened at $44.16 on Tuesday. The company has a market capitalization of $20.93 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 0.90 and a beta of 0.87. 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 Corporation has a 12-month low of $37.08 and a 12-month high of $87.03. The business’s fifty day simple moving average is $48.09 and its 200-day simple moving average is $62.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.07. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.41 billion. During the same period in the previous year, the company posted $1.23 earnings per share. The firm’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, equities research analysts anticipate that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

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

Cognizant Technology Solutions declared that its board has initiated a share buyback plan on Monday, May 18th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the information technology service provider to purchase 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.