Mirae Asset Global Investments Co. Ltd. Grows Position in Cognizant Technology Solutions Corporation $CTSH

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 11.0% during the third quarter, HoldingsChannel.com reports. The firm owned 193,464 shares of the information technology service provider’s stock after acquiring an additional 19,177 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Cognizant Technology Solutions were worth $12,976,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hilltop National Bank acquired a new position in shares of Cognizant Technology Solutions in the 2nd quarter valued at about $27,000. NewSquare Capital LLC raised its position in shares of Cognizant Technology Solutions by 71.8% in the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock valued at $29,000 after purchasing an additional 153 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Cognizant Technology Solutions by 118.8% in the first quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock valued at $44,000 after acquiring an additional 309 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Cognizant Technology Solutions by 267.7% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 603 shares of the information technology service provider’s stock worth $40,000 after purchasing an additional 439 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new position in Cognizant Technology Solutions in the third quarter worth $41,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cognizant Technology Solutions

In related news, Director Michael Patsalos-Fox sold 7,000 shares of Cognizant Technology Solutions stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $83.52, for a total value of $584,640.00. Following the transaction, the director owned 47,729 shares in the company, valued at $3,986,326.08. This trade represents a 12.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO John Sunshin Kim sold 2,500 shares of Cognizant Technology Solutions stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $80.00, for a total value of $200,000.00. Following the completion of the transaction, the chief accounting officer owned 36,149 shares in the company, valued at $2,891,920. The trade was a 6.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 27,706 shares of company stock worth $2,317,281. 0.32% of the stock is owned by insiders.

Cognizant Technology Solutions Stock Down 0.5%

Shares of CTSH stock opened at $82.06 on Friday. The stock’s 50 day simple moving average is $82.80 and its 200 day simple moving average is $74.93. Cognizant Technology Solutions Corporation has a twelve month low of $65.15 and a twelve month high of $90.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.36 and a current ratio of 2.36. The company has a market capitalization of $39.61 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 1.59 and a beta of 0.96.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.09. Cognizant Technology Solutions had a net margin of 10.20% and a return on equity of 17.00%. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same quarter last year, the firm posted $1.25 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, research analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on CTSH. Royal Bank Of Canada decreased their target price on Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating for the company in a research note on Thursday, October 30th. Susquehanna restated a “positive” rating and set a $98.00 price objective on shares of Cognizant Technology Solutions in a research report on Friday, January 23rd. Wells Fargo & Company restated an “overweight” rating and issued a $98.00 target price (up from $87.00) on shares of Cognizant Technology Solutions in a report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Monday. Finally, Guggenheim reaffirmed a “buy” rating and issued a $100.00 price target (up from $95.00) on shares of Cognizant Technology Solutions in a research note on Wednesday. Nine investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.28.

Key Stories Impacting Cognizant Technology Solutions

Here are the key news stories impacting Cognizant Technology Solutions this week:

• Positive Sentiment: Cognizant’s Belcan unit (a Cognizant company) is part of the Missile Defense Agency’s SHIELD IDIQ vehicle with a $151B ceiling — a large potential addressable market for engineering, software and defense work that could drive multi-year revenue for Cognizant’s government/defense vertical. Belcan Government Solutions Secures SHIELD Contract
• Positive Sentiment: Press coverage highlights that a Cognizant subsidiary secured a seat on the U.S. missile defense overhaul program — reinforcing the company’s positioning in high-value government programs. Cognizant Wins Seat In Missile Defense Overhaul
• Positive Sentiment: Multi‑year expansion with Kohler to accelerate AI and cloud transformation — this deal reinforces recurring-scope digital engineering and cloud services revenue. Cognizant and Kohler Deepen Strategic Collaboration
• Positive Sentiment: Partnership with Adobe to scale AI-driven content supply chains and governance for enterprise marketing and CX — expands managed services/AI offerings in an addressed TAM likely to support higher-margin work. Cognizant to Accelerate AI-Driven Creativity with Adobe
• Positive Sentiment: Longstanding commercial wins and renewals — 25-year Ace Hardware partnership renewal, Flagstar Bank one‑year partnership update, and a Travel + Leisure collaboration renewal — signal stable client retention and cross-sell opportunities. Cognizant and Ace Hardware Celebrate 25 Years Cognizant and Flagstar Bank Mark One-Year Partnership Cognizant and Travel + Leisure Renew Collaboration
• Neutral Sentiment: Wall Street coverage shows analysts remain moderately optimistic with target prices generally above recent levels, but there’s no widespread consensus upgrade driving the move today. What Are Wall Street Analysts’ Target Price for Cognizant
• Neutral Sentiment: Reported short-interest data in late January appears anomalous/zeroed out and provides no clear pressure signal to explain today’s decline; monitor for updated, reliable short-interest prints before treating this as a factor.

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.