Short Interest in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Rises By 32.5%

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) saw a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 22,740,000 shares, a growth of 32.5% from the July 31st total of 17,160,000 shares. Based on an average daily volume of 3,760,000 shares, the days-to-cover ratio is currently 6.0 days. Approximately 4.7% of the shares of the company are sold short. Approximately 4.7% of the shares of the company are sold short. Based on an average daily volume of 3,760,000 shares, the days-to-cover ratio is currently 6.0 days.

Hedge Funds Weigh In On Cognizant Technology Solutions

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Cognizant Technology Solutions by 1.3% in the second quarter. Vanguard Group Inc. now owns 59,854,530 shares of the information technology service provider’s stock valued at $4,670,449,000 after purchasing an additional 746,732 shares during the last quarter. State Street Corp raised its position in Cognizant Technology Solutions by 0.6% during the 2nd quarter. State Street Corp now owns 25,381,572 shares of the information technology service provider’s stock worth $1,980,524,000 after purchasing an additional 157,427 shares during the last quarter. Pzena Investment Management LLC raised its position in Cognizant Technology Solutions by 2.2% during the 2nd quarter. Pzena Investment Management LLC now owns 17,450,691 shares of the information technology service provider’s stock worth $1,361,677,000 after purchasing an additional 375,619 shares during the last quarter. Geode Capital Management LLC raised its position in Cognizant Technology Solutions by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 14,019,891 shares of the information technology service provider’s stock worth $1,091,391,000 after purchasing an additional 206,532 shares during the last quarter. Finally, Invesco Ltd. raised its position in Cognizant Technology Solutions by 13.3% during the 1st quarter. Invesco Ltd. now owns 12,077,445 shares of the information technology service provider’s stock worth $923,925,000 after purchasing an additional 1,422,265 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Trading Down 2.3%

Shares of CTSH stock opened at $69.16 on Thursday. The stock’s fifty day moving average price is $73.17 and its two-hundred day moving average price is $76.12. The company has a market cap of $33.78 billion, a PE ratio of 14.06, a P/E/G ratio of 1.47 and a beta of 0.93. Cognizant Technology Solutions has a fifty-two week low of $65.52 and a fifty-two week high of $90.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.41.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. The firm had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.17 billion. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. Equities analysts predict that Cognizant Technology Solutions will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were given a $0.31 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.24 annualized dividend and a yield of 1.8%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 25.20%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CTSH shares. JPMorgan Chase & Co. decreased their target price on Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Wall Street Zen downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Evercore ISI began coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued an “outperform” rating and a $100.00 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They set a “hold” rating and a $80.00 price target on the stock. Finally, Guggenheim raised Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Friday, July 18th. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Cognizant Technology Solutions currently has an average rating of “Hold” and an average price target of $86.07.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.