Boston Partners Has $145.96 Million Stake in Cognizant Technology Solutions Corporation $CTSH

Boston Partners reduced its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 43.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,872,750 shares of the information technology service provider’s stock after selling 1,458,021 shares during the quarter. Boston Partners owned approximately 0.38% of Cognizant Technology Solutions worth $145,958,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CTSH. Unison Advisors LLC boosted its stake in Cognizant Technology Solutions by 0.5% in the second quarter. Unison Advisors LLC now owns 29,843 shares of the information technology service provider’s stock worth $2,329,000 after purchasing an additional 135 shares in the last quarter. NewSquare Capital LLC raised its holdings in shares of Cognizant Technology Solutions by 71.8% in the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock valued at $29,000 after buying an additional 153 shares during the last quarter. STF Management LP lifted its position in Cognizant Technology Solutions by 2.1% during the 2nd quarter. STF Management LP now owns 7,534 shares of the information technology service provider’s stock worth $588,000 after buying an additional 158 shares in the last quarter. Kesler Norman & Wride LLC grew its holdings in Cognizant Technology Solutions by 1.6% during the 2nd quarter. Kesler Norman & Wride LLC now owns 11,289 shares of the information technology service provider’s stock worth $881,000 after acquiring an additional 179 shares during the last quarter. Finally, Walled Lake Planning & Wealth Management LLC grew its holdings in Cognizant Technology Solutions by 0.3% during the 2nd quarter. Walled Lake Planning & Wealth Management LLC now owns 57,714 shares of the information technology service provider’s stock worth $4,503,000 after acquiring an additional 189 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Cognizant Technology Solutions Stock Up 0.8%

NASDAQ:CTSH opened at $77.05 on Thursday. 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 Corporation has a 12-month low of $65.15 and a 12-month high of $90.82. The stock’s fifty day simple moving average is $69.96 and its 200-day simple moving average is $73.66. The firm has a market capitalization of $37.19 billion, a P/E ratio of 17.88, 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, beating the consensus estimate of $1.30 by $0.09. The firm 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 company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior 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. Equities research analysts expect that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Tuesday, November 18th were issued a dividend of $0.31 per share. The ex-dividend date was Tuesday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.6%. Cognizant Technology Solutions’s payout ratio is currently 28.77%.

Insider Buying and Selling

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 2,500 shares of the stock in a transaction 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 sale, the chief accounting officer directly owned 36,630 shares in the company, valued at approximately $2,753,843.40. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CTSH. UBS Group set a $78.00 target price on shares of Cognizant Technology Solutions and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Guggenheim restated a “buy” rating and issued a $85.00 price objective (down previously from $90.00) on shares of Cognizant Technology Solutions in a research report on Tuesday, October 21st. 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. William Blair raised Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research note on Friday, November 21st. Finally, Wall Street Zen lowered Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Seven investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $85.19.

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.