Parallel Advisors LLC Acquires 1,068 Shares of Cognizant Technology Solutions Corporation $CTSH

Parallel Advisors LLC grew its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 11.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,524 shares of the information technology service provider’s stock after purchasing an additional 1,068 shares during the quarter. Parallel Advisors LLC’s holdings in Cognizant Technology Solutions were worth $821,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Park Square Financial Group LLC bought a new stake in Cognizant Technology Solutions in the 4th quarter worth about $36,000. Geneos Wealth Management Inc. grew its holdings in shares of 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. Pinney & Scofield Inc. bought a new stake in Cognizant Technology Solutions during the fourth quarter worth $55,000. WPG Advisers LLC purchased a new position in Cognizant Technology Solutions in the first quarter worth $61,000. Finally, Zions Bancorporation National Association UT bought a new position in Cognizant Technology Solutions in the 1st quarter valued at $66,000. Institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Guggenheim raised Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Friday, July 18th. JPMorgan Chase & Co. cut their target price on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Evercore ISI started coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued an “outperform” rating and a $100.00 price target for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued a “hold” rating and a $80.00 target price on the stock. Finally, Wall Street Zen downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $86.79.

Cognizant Technology Solutions Price Performance

CTSH opened at $70.26 on Friday. The firm has a market cap of $34.31 billion, a PE ratio of 14.28, a P/E/G ratio of 1.46 and a beta of 0.93. Cognizant Technology Solutions Corporation has a 1 year low of $65.52 and a 1 year high of $90.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41. The stock has a 50-day moving average price of $72.03 and a 200-day moving average price of $75.52.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data 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 company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.17 billion. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.17 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, August 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 25.20%.

Cognizant Technology Solutions 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.