AE Wealth Management LLC Acquires 90,902 Shares of Cognizant Technology Solutions Corporation $CTSH

AE Wealth Management LLC grew its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 533.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,928 shares of the information technology service provider’s stock after buying an additional 90,902 shares during the quarter. AE Wealth Management LLC’s holdings in Cognizant Technology Solutions were worth $8,422,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CTSH. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Cognizant Technology Solutions during the second quarter valued at approximately $74,917,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Cognizant Technology Solutions by 6.8% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,287 shares of the information technology service provider’s stock valued at $13,600,000 after acquiring an additional 11,037 shares during the last quarter. LBP AM SA purchased a new stake in Cognizant Technology Solutions in the 2nd quarter worth $8,541,000. Leo Wealth LLC bought a new stake in shares of Cognizant Technology Solutions in the second quarter worth about $912,000. Finally, Envestnet Asset Management Inc. boosted its stake in Cognizant Technology Solutions by 1.4% during the first quarter. Envestnet Asset Management Inc. now owns 500,039 shares of the information technology service provider’s stock valued at $38,253,000 after buying an additional 7,105 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CTSH has been the subject of a number of recent research reports. Mizuho set a $85.00 price objective on shares of Cognizant Technology Solutions in a research note on Thursday, October 30th. Guggenheim reiterated a “buy” rating and issued a $85.00 price target (down previously from $90.00) on shares of Cognizant Technology Solutions in a research report on Tuesday, October 21st. Evercore ISI started coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They set an “outperform” rating and a $100.00 price objective on the stock. Royal Bank Of Canada lowered their price objective on Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating for the company in a research note on Thursday, October 30th. Finally, Wall Street Zen downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Six research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.19.

Cognizant Technology Solutions Price Performance

Shares of CTSH opened at $73.20 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.36. The company has a 50 day moving average price of $69.14 and a 200-day moving average price of $73.83. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.15 and a fifty-two week high of $90.82. The stock has a market capitalization of $35.75 billion, a PE ratio of 16.98, a PEG ratio of 1.47 and a beta of 0.98.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.09. The business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.32 billion. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.The business’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $1.25 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. Equities analysts predict that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Tuesday, November 18th will be paid a $0.31 dividend. The ex-dividend date is Tuesday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.7%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.77%.

Insiders Place Their Bets

In other news, CAO John Sunshin Kim sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $75.18, for a total transaction of $187,950.00. Following the sale, the chief accounting officer directly owned 36,630 shares of the company’s stock, valued at $2,753,843.40. The trade was a 6.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

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.