AlphaCore Capital LLC Invests $152,000 in Cognizant Technology Solutions Corporation $CTSH

AlphaCore Capital LLC bought a new stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,951 shares of the information technology service provider’s stock, valued at approximately $152,000.

Several other hedge funds have also bought and sold shares of CTSH. Goldman Sachs Group Inc. grew its position in shares of Cognizant Technology Solutions by 117.5% during the first quarter. Goldman Sachs Group Inc. now owns 6,805,893 shares of the information technology service provider’s stock valued at $520,651,000 after purchasing an additional 3,677,145 shares in the last quarter. Amundi grew its holdings in Cognizant Technology Solutions by 61.6% during the 1st quarter. Amundi now owns 4,519,912 shares of the information technology service provider’s stock valued at $331,584,000 after buying an additional 1,723,335 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in Cognizant Technology Solutions by 152.7% during the 2nd quarter. Allianz Asset Management GmbH now owns 2,708,349 shares of the information technology service provider’s stock valued at $211,332,000 after buying an additional 1,636,636 shares in the last quarter. Invesco Ltd. increased its stake in Cognizant Technology Solutions by 13.3% in the 1st quarter. Invesco Ltd. now owns 12,077,445 shares of the information technology service provider’s stock worth $923,925,000 after acquiring an additional 1,422,265 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Cognizant Technology Solutions during the 1st quarter worth approximately $90,194,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of CTSH stock opened at $76.45 on Wednesday. The stock has a 50 day moving average price of $69.82 and a 200 day moving average price of $73.64. Cognizant Technology Solutions Corporation has a 52-week low of $65.15 and a 52-week high of $90.82. 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 firm has a market capitalization of $36.90 billion, a P/E ratio of 17.74, a P/E/G ratio of 1.47 and a beta of 0.98.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.09. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm posted $1.25 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, November 18th. Cognizant Technology Solutions’s payout ratio is 28.77%.

Analysts Set New Price Targets

CTSH has been the subject of a number of recent research reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $84.00 target price on shares of Cognizant Technology Solutions in a report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research note on Wednesday, November 19th. Wall Street Zen downgraded shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Citigroup started coverage on Cognizant Technology Solutions in a research report on Thursday, October 23rd. They issued a “neutral” rating and a $75.00 price target for the company. Finally, Royal Bank Of Canada decreased their price objective on Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 30th. Seven equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, Cognizant Technology Solutions currently has a consensus rating of “Hold” and an average price target of $85.19.

Insider Buying and Selling

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $75.18, for a total value of $187,950.00. Following the transaction, the chief accounting officer directly owned 36,630 shares in the company, valued at $2,753,843.40. This represents a 6.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.32% of the stock is owned by corporate insiders.

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.