ABN Amro Investment Solutions Buys Shares of 51,525 Cognizant Technology Solutions Corporation $CTSH

ABN Amro Investment Solutions acquired a new stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 51,525 shares of the information technology service provider’s stock, valued at approximately $4,020,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CTSH. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Cognizant Technology Solutions in the second quarter worth about $74,917,000. Mirae Asset Global Investments Co. Ltd. boosted its stake 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 worth $13,600,000 after purchasing an additional 11,037 shares in the last quarter. LBP AM SA bought a new stake in Cognizant Technology Solutions during the 2nd quarter valued at about $8,541,000. Leo Wealth LLC purchased a new stake in shares of Cognizant Technology Solutions during the second quarter valued at approximately $912,000. Finally, Spectrum Asset Management Inc. NB CA purchased a new position in Cognizant Technology Solutions in the 2nd quarter worth approximately $487,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Cognizant Technology Solutions Trading Down 0.9%

Shares of NASDAQ CTSH opened at $73.56 on Friday. Cognizant Technology Solutions Corporation has a twelve month low of $65.15 and a twelve month high of $90.82. The firm has a market cap of $35.50 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.47 and a beta of 0.98. The business has a fifty day simple moving average of $69.27 and a two-hundred day simple moving average of $73.84. The company has a quick ratio of 2.41, a current ratio of 2.36 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.30 by $0.09. The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.32 billion. Cognizant Technology Solutions had a net margin of 10.20% and a return on equity of 17.00%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous 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. Analysts expect that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on CTSH. Royal Bank Of Canada lowered their price target on Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating on the stock in a report on Thursday, October 30th. Citigroup initiated coverage on Cognizant Technology Solutions in a report on Thursday, October 23rd. They issued a “neutral” rating and a $75.00 target price on the stock. Evercore ISI assumed coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued an “outperform” rating and a $100.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Cognizant Technology Solutions in a research report on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They set a “hold” rating and a $80.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $85.19.

Insider Buying and Selling at Cognizant Technology Solutions

In related news, CAO John Sunshin Kim sold 2,500 shares of Cognizant Technology Solutions stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $75.18, for a total value of $187,950.00. Following the completion of the sale, the chief accounting officer directly owned 36,630 shares in the company, valued at $2,753,843.40. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.32% of the company’s stock.

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.