Andra AP fonden Has $9.23 Million Stock Position in Cognizant Technology Solutions Corporation $CTSH

Andra AP fonden reduced its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 67.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150,448 shares of the information technology service provider’s stock after selling 307,949 shares during the quarter. Andra AP fonden’s holdings in Cognizant Technology Solutions were worth $9,230,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Pzena Investment Management LLC lifted its holdings in Cognizant Technology Solutions by 14.9% during the 1st quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock worth $1,243,096,000 after purchasing an additional 2,633,683 shares during the last quarter. Invesco Ltd. grew its holdings 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 in the last quarter. Norges Bank bought a new position in Cognizant Technology Solutions during the 4th quarter worth $690,959,000. GQG Partners LLC bought a new position in Cognizant Technology Solutions during the 4th quarter worth $673,651,000. Finally, FIL Ltd lifted its holdings in shares of Cognizant Technology Solutions by 46.6% during the fourth quarter. FIL Ltd now owns 6,680,508 shares of the information technology service provider’s stock worth $554,482,000 after buying an additional 2,122,600 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Cognizant Technology Solutions Stock Performance

Shares of NASDAQ:CTSH opened at $43.63 on Wednesday. Cognizant Technology Solutions Corporation has a 1 year low of $37.08 and a 1 year high of $87.03. The stock has a market capitalization of $20.67 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 0.98 and a beta of 0.87. 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 company’s 50 day simple moving average is $47.29 and its 200 day simple moving average is $60.32.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued 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 firm had revenue of $5.41 billion during 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%.The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.23 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, research analysts predict that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current fiscal year.

Cognizant Technology Solutions announced that its board has authorized a stock buyback 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 repurchase up to 9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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 given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio is currently 28.70%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CTSH. Guggenheim decreased their price target on shares of Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. The Goldman Sachs Group set a $75.00 price objective on shares of Cognizant Technology Solutions in a report on Wednesday, April 29th. Susquehanna decreased their target price on shares of Cognizant Technology Solutions from $98.00 to $88.00 and set a “positive” rating on the stock in a research report on Friday, May 1st. Berenberg Bank set a $59.00 target price on shares of Cognizant Technology Solutions and gave the stock a “hold” rating in a report on Wednesday, June 17th. Finally, Morgan Stanley set a $44.00 price target on shares of Cognizant Technology Solutions and gave the company an “equal weight” rating in a research report on Tuesday, June 23rd. Ten equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $64.26.

Cognizant Technology Solutions 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.