ABN Amro Investment Solutions Has $7.39 Million Holdings in Cognizant Technology Solutions Corporation $CTSH

ABN Amro Investment Solutions boosted its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 159.6% in the first quarter, Holdings Channel.com reports. The firm owned 120,461 shares of the information technology service provider’s stock after acquiring an additional 74,062 shares during the period. ABN Amro Investment Solutions’ holdings in Cognizant Technology Solutions were worth $7,390,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPL Wealth Management LLC acquired a new position in shares of Cognizant Technology Solutions during the third quarter worth about $25,000. Lodestone Wealth Management LLC bought a new position in shares of Cognizant Technology Solutions during the fourth quarter worth about $28,000. Flagship Harbor Advisors LLC acquired a new stake in Cognizant Technology Solutions in the 4th quarter valued at approximately $28,000. Physician Wealth Advisors Inc. raised 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 buying an additional 213 shares during the last quarter. Finally, Prosperity Bancshares Inc bought a new stake in Cognizant Technology Solutions in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of CTSH opened at $43.18 on Thursday. 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 company’s fifty day simple moving average is $47.23 and its 200 day simple moving average is $60.04. Cognizant Technology Solutions Corporation has a 1-year low of $37.08 and a 1-year high of $87.03. The company has a market cap of $20.46 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 0.95 and a beta of 0.87.

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 firm had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.41 billion. During the same quarter last year, the company posted $1.23 earnings per share. The company’s revenue for the quarter 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. On average, 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 announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.70%.

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

Analysts Set New Price Targets

CTSH has been the subject of a number of recent research reports. Dbs Bank reduced their price target on Cognizant Technology Solutions from $80.00 to $66.00 in a research report on Thursday, May 7th. HSBC cut their price objective on shares of Cognizant Technology Solutions from $80.00 to $68.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Mizuho reduced their target price 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. The Goldman Sachs Group set a $75.00 target price on shares of Cognizant Technology Solutions in a research report on Wednesday, April 29th. Finally, Truist Financial began coverage on shares of Cognizant Technology Solutions in a research note on Monday, June 1st. They issued a “hold” rating and a $66.00 price target on the stock. Ten research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $64.26.

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.