Farther Finance Advisors LLC Decreases Stake in Cognizant Technology Solutions Corporation $CTSH

Farther Finance Advisors LLC decreased its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 26.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,549 shares of the information technology service provider’s stock after selling 1,265 shares during the quarter. Farther Finance Advisors LLC’s holdings in Cognizant Technology Solutions were worth $277,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased 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 purchasing an additional 309 shares during the period. WPG Advisers LLC acquired a new position in shares of Cognizant Technology Solutions in the first quarter valued at approximately $61,000. Zions Bancorporation National Association UT acquired a new position in shares of Cognizant Technology Solutions in the first quarter valued at approximately $66,000. Golden State Wealth Management LLC increased its holdings in shares of Cognizant Technology Solutions by 290.9% in the first quarter. Golden State Wealth Management LLC now owns 899 shares of the information technology service provider’s stock valued at $69,000 after purchasing an additional 669 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in shares of Cognizant Technology Solutions in the first quarter valued at approximately $75,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Performance

Cognizant Technology Solutions stock opened at $67.07 on Wednesday. The firm has a market capitalization of $32.76 billion, a P/E ratio of 13.63, a PEG ratio of 1.40 and a beta of 0.93. The stock has a fifty day moving average price of $70.74 and a 200 day moving average price of $74.66. Cognizant Technology Solutions Corporation has a 52 week low of $65.17 and a 52 week high of $90.82. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.26 by $0.05. The firm 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 business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. Equities research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were paid a dividend of $0.31 per share. 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 is currently 25.20%.

Analysts Set New Price Targets

A number of 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 on the stock in a report on Friday, July 18th. Wall Street Zen downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. decreased their price target on Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft began coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued a “hold” rating and a $80.00 price target on the stock. Finally, Evercore ISI began coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They set an “outperform” rating and a $100.00 target price on the stock. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Cognizant Technology Solutions presently has an average rating of “Hold” and an average target price of $86.79.

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.