Allworth Financial LP Has $536,000 Stake in Cognizant Technology Solutions Corporation $CTSH

Allworth Financial LP grew its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 145.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,867 shares of the information technology service provider’s stock after buying an additional 4,064 shares during the quarter. Allworth Financial LP’s holdings in Cognizant Technology Solutions were worth $536,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Cognizant Technology Solutions in the second quarter valued at $74,917,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of 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 buying an additional 11,037 shares during the last quarter. LBP AM SA acquired a new stake in shares of Cognizant Technology Solutions in the second quarter valued at about $8,541,000. Leo Wealth LLC acquired a new stake in shares of Cognizant Technology Solutions in the second quarter valued at about $912,000. Finally, Resona Asset Management Co. Ltd. lifted its stake in shares of Cognizant Technology Solutions by 5.6% in the second quarter. Resona Asset Management Co. Ltd. now owns 202,917 shares of the information technology service provider’s stock worth $15,826,000 after acquiring an additional 10,843 shares during the period. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH opened at $72.62 on Friday. The firm has a market capitalization of $35.05 billion, a P/E ratio of 16.85, a P/E/G ratio of 1.47 and a beta of 0.98. The firm’s 50-day moving average price is $69.29 and its 200-day moving average price is $73.85. The company has a current ratio of 2.36, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 1-year low of $65.15 and a 1-year high of $90.82.

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

Cognizant Technology Solutions Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have issued reports on CTSH shares. Weiss Ratings restated a “hold (c)” rating on shares of Cognizant Technology Solutions in a report on Thursday, October 30th. The Goldman Sachs Group reissued a “neutral” rating and set a $84.00 target price on shares of Cognizant Technology Solutions in a research note on Wednesday, October 29th. Mizuho set a $85.00 target price on shares of Cognizant Technology Solutions in a report on Thursday, October 30th. JPMorgan Chase & Co. increased their price target on Cognizant Technology Solutions from $89.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, UBS Group set a $78.00 price objective on Cognizant Technology Solutions and gave the company a “neutral” rating in a research note on Thursday, October 30th. Six research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $85.19.

Insider Transactions at Cognizant Technology Solutions

In other Cognizant Technology Solutions 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 completion of the sale, the chief accounting officer owned 36,630 shares in the company, valued at approximately $2,753,843.40. The trade was a 6.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.32% of the company’s stock.

About Cognizant Technology Solutions

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.