Harbor Capital Advisors Inc. Purchases 750 Shares of Cognizant Technology Solutions Corporation $CTSH

Harbor Capital Advisors Inc. lifted its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 262.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,036 shares of the information technology service provider’s stock after buying an additional 750 shares during the period. Harbor Capital Advisors Inc.’s holdings in Cognizant Technology Solutions were worth $81,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Conning Inc. lifted its holdings in Cognizant Technology Solutions by 4.4% in the 1st quarter. Conning Inc. now owns 3,547 shares of the information technology service provider’s stock valued at $271,000 after purchasing an additional 149 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Cognizant Technology Solutions by 1.7% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,733 shares of the information technology service provider’s stock worth $668,000 after acquiring an additional 149 shares in the last quarter. Private Trust Co. NA raised its holdings in Cognizant Technology Solutions by 8.6% in the 1st quarter. Private Trust Co. NA now owns 1,913 shares of the information technology service provider’s stock valued at $146,000 after acquiring an additional 151 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in Cognizant Technology Solutions by 4.0% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 3,969 shares of the information technology service provider’s stock worth $304,000 after buying an additional 154 shares during the period. Finally, Cairn Investment Group Inc. increased its position in shares of Cognizant Technology Solutions by 0.3% during the first quarter. Cairn Investment Group Inc. now owns 54,755 shares of the information technology service provider’s stock valued at $4,189,000 after acquiring an additional 172 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. 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. Deutsche Bank Aktiengesellschaft began coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They set a “hold” rating and a $80.00 price target for the company. Guggenheim upgraded shares of Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Friday, July 18th. Wall Street Zen downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Evercore ISI assumed coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They set an “outperform” rating and a $100.00 target price for the company. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Cognizant Technology Solutions currently has a consensus rating of “Hold” and a consensus price target of $86.79.

Cognizant Technology Solutions Stock Performance

Shares of NASDAQ:CTSH opened at $66.94 on Friday. 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 firm’s 50 day simple moving average is $71.86 and its 200 day simple moving average is $75.35. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.17 and a fifty-two week high of $90.82. The company has a market capitalization of $32.69 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 1.39 and a beta of 0.93.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.05. The company had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.17 billion. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were issued a $0.31 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.9%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 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.