Brandes Investment Partners LP Purchases 58,728 Shares of Cognizant Technology Solutions Corporation $CTSH

Brandes Investment Partners LP lifted its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,322,430 shares of the information technology service provider’s stock after purchasing an additional 58,728 shares during the period. Cognizant Technology Solutions accounts for approximately 1.5% of Brandes Investment Partners LP’s investment portfolio, making the stock its 19th biggest holding. Brandes Investment Partners LP’s holdings in Cognizant Technology Solutions were worth $192,763,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Temasek Holdings Private Ltd bought a new position in shares of Cognizant Technology Solutions during the third quarter worth approximately $55,217,000. OFI Invest Asset Management bought a new position in shares of Cognizant Technology Solutions during the fourth quarter worth approximately $8,421,000. LSV Asset Management increased its stake in shares of Cognizant Technology Solutions by 4.3% during the third quarter. LSV Asset Management now owns 1,749,490 shares of the information technology service provider’s stock worth $117,338,000 after purchasing an additional 71,711 shares during the period. Todd Asset Management LLC increased its stake in shares of Cognizant Technology Solutions by 23.7% during the third quarter. Todd Asset Management LLC now owns 548,763 shares of the information technology service provider’s stock worth $36,806,000 after purchasing an additional 105,197 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Cognizant Technology Solutions by 0.8% during the third quarter. Vanguard Group Inc. now owns 60,348,442 shares of the information technology service provider’s stock worth $4,047,570,000 after purchasing an additional 493,912 shares during the period. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Trading Down 0.1%

Shares of CTSH stock opened at $52.94 on Wednesday. The stock’s fifty day moving average price is $55.36 and its two-hundred day moving average price is $68.19. The company has a market cap of $25.09 billion, a PE ratio of 11.51, a P/E/G ratio of 1.12 and a beta of 0.81. Cognizant Technology Solutions Corporation has a fifty-two week low of $45.48 and a fifty-two week high of $87.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 2.23.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. The firm had revenue of $5.41 billion for 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 company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.23 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. Equities 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 plan 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 shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Cognizant Technology Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.32 annualized dividend and a dividend yield of 2.5%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.70%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CTSH. BMO Capital Markets reduced their price target on Cognizant Technology Solutions from $83.00 to $63.00 in a research report on Thursday, April 30th. Evercore cut their target price on Cognizant Technology Solutions from $100.00 to $70.00 in a research report on Thursday, April 30th. Nomura upped their target price on Cognizant Technology Solutions from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Dbs Bank cut their target price on Cognizant Technology Solutions from $80.00 to $66.00 in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group set a $75.00 target price on Cognizant Technology Solutions in a research report on Wednesday, April 29th. Eleven investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $73.50.

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.