Ashoka WhiteOak Capital Pte Ltd Makes New Investment in Cognizant Technology Solutions Corporation $CTSH

Ashoka WhiteOak Capital Pte Ltd purchased a new position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 460,170 shares of the information technology service provider’s stock, valued at approximately $28,143,000. Cognizant Technology Solutions makes up 10.7% of Ashoka WhiteOak Capital Pte Ltd’s investment portfolio, making the stock its 2nd biggest holding.

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

Cognizant Technology Solutions Trading Up 1.1%

NASDAQ:CTSH opened at $41.42 on Thursday. The stock has a fifty day simple moving average of $52.28 and a 200 day simple moving average of $65.88. The firm has a market capitalization of $19.63 billion, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 0.86 and a beta of 0.81. Cognizant Technology Solutions Corporation has a 1-year low of $40.77 and a 1-year high of $87.03. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $5.41 billion. During the same quarter in the previous year, the company earned $1.23 EPS. The business’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. Sell-side analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current year.

Cognizant Technology Solutions declared that its board has approved a share repurchase program on Monday, May 18th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the information technology service provider to reacquire up to 9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Cognizant Technology Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th were issued a dividend of $0.33 per share. The ex-dividend date was Monday, May 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.2%. Cognizant Technology Solutions’s payout ratio is currently 28.70%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CTSH shares. HSBC decreased their price objective on shares of Cognizant Technology Solutions from $98.00 to $80.00 in a report on Thursday, April 30th. Mizuho cut their target price on Cognizant Technology Solutions from $87.00 to $68.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Citigroup increased their price target on Cognizant Technology Solutions from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, June 8th. UBS Group dropped their price objective on Cognizant Technology Solutions from $60.00 to $55.00 in a research note on Monday, May 11th. Finally, Wedbush upgraded Cognizant Technology Solutions from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $56.00 to $70.00 in a report on Monday, June 8th. Ten equities 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 stock presently has a consensus rating of “Hold” and an average target price of $70.35.

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.