Arrowstreet Capital Limited Partnership Sells 91,945 Shares of Cognizant Technology Solutions Corporation $CTSH

Arrowstreet Capital Limited Partnership lowered its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 3.2% in the first quarter, HoldingsChannel reports. The fund owned 2,782,329 shares of the information technology service provider’s stock after selling 91,945 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Cognizant Technology Solutions were worth $170,696,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Caxton Associates LLP acquired a new stake in shares of Cognizant Technology Solutions in the first quarter valued at about $1,749,000. Sei Investments Co. grew its stake in Cognizant Technology Solutions by 34.7% in the first quarter. Sei Investments Co. now owns 1,051,209 shares of the information technology service provider’s stock valued at $64,492,000 after purchasing an additional 270,719 shares in the last quarter. Keynote Financial Services LLC increased its position in shares of Cognizant Technology Solutions by 52.0% during the 1st quarter. Keynote Financial Services LLC now owns 3,912 shares of the information technology service provider’s stock worth $240,000 after purchasing an additional 1,339 shares during the last quarter. State of Wyoming acquired a new stake in shares of Cognizant Technology Solutions in the 1st quarter valued at approximately $237,000. Finally, Cetera Investment Advisers increased its holdings in Cognizant Technology Solutions by 7.7% during the first quarter. Cetera Investment Advisers now owns 91,688 shares of the information technology service provider’s stock worth $5,625,000 after buying an additional 6,540 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CTSH shares. Evercore cut their target price on shares of Cognizant Technology Solutions from $100.00 to $70.00 in a research note on Thursday, April 30th. UBS Group dropped their price target on Cognizant Technology Solutions from $60.00 to $55.00 in a research note on Monday, May 11th. Citigroup cut their price target on Cognizant Technology Solutions from $55.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, July 13th. JPMorgan Chase & Co. decreased their price objective on shares of Cognizant Technology Solutions from $74.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Guggenheim dropped their price objective on shares of Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Ten equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cognizant Technology Solutions presently has an average rating of “Hold” and an average target price of $62.00.

Key Cognizant Technology Solutions News

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

• Positive Sentiment: Cognizant announced a strategic partnership with Gulf Edge to accelerate enterprise AI adoption in Southeast Asia, including Thailand. The deal highlights CTSH’s push into higher-growth AI services and could support longer-term revenue opportunities. Article Title
• Positive Sentiment: Investors appear to be buying ahead of Cognizant’s second-quarter earnings report on July 29, leaning on the company’s first-quarter momentum, which included revenue growth, strong bookings, and improved margin guidance. Article Title
• Positive Sentiment: Wall Street still broadly remains constructive: JPMorgan cut its price target to $55 from $74, but kept an overweight rating, while other recent analyst calls have been positive. That suggests expectations may be reset rather than deteriorating. Article Title
• Neutral Sentiment: Short-interest data did not show a meaningful change, so there is little evidence that the latest move is being driven by a short squeeze or bearish positioning.
• Negative Sentiment: The JPMorgan target cut reflects lower near-term upside expectations, and the stock remains well below its prior highs, which may temper enthusiasm if upcoming earnings disappoint.
• Negative Sentiment: Recent insider selling and mixed institutional ownership trends could be a modest headwind for sentiment, even though these factors do not appear to be the main driver today.

Cognizant Technology Solutions Stock Performance

NASDAQ:CTSH opened at $45.45 on Friday. The firm has a market capitalization of $21.54 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 0.94 and a beta of 0.87. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.04. The stock’s 50-day simple moving average is $47.14 and its 200 day simple moving average is $59.67. Cognizant Technology Solutions Corporation has a twelve month low of $37.08 and a twelve month high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.41 billion. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.23 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. On average, analysts anticipate that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.9%. 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 approved a share repurchase plan on Monday, May 18th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the information technology service provider to buy up to 9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.