ARGA Investment Management LP Has $9.45 Million Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

ARGA Investment Management LP lifted its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 8.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,871 shares of the information technology service provider’s stock after buying an additional 11,473 shares during the period. ARGA Investment Management LP’s holdings in Cognizant Technology Solutions were worth $9,448,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC acquired a new stake in shares of Cognizant Technology Solutions in the 4th quarter valued at approximately $214,000. Geneos Wealth Management Inc. boosted its position in Cognizant Technology Solutions by 118.8% in the first quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock valued at $44,000 after buying an additional 309 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Cognizant Technology Solutions during the first quarter worth $142,000. Fifth Third Bancorp increased its holdings in shares of Cognizant Technology Solutions by 118.1% during the second quarter. Fifth Third Bancorp now owns 36,908 shares of the information technology service provider’s stock worth $2,880,000 after buying an additional 19,987 shares in the last quarter. Finally, CX Institutional boosted its holdings in shares of Cognizant Technology Solutions by 8.4% during the 2nd quarter. CX Institutional now owns 4,236 shares of the information technology service provider’s stock valued at $331,000 after acquiring an additional 329 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Cognizant Technology Solutions Trading Down 0.5%

NASDAQ CTSH opened at $84.18 on Friday. The business’s fifty day moving average is $81.71 and its 200-day moving average is $74.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 2.36. The stock has a market capitalization of $40.63 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 1.62 and a beta of 0.96. Cognizant Technology Solutions Corporation has a one year low of $65.15 and a one year high of $90.82.

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

Cognizant Technology Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th were given a dividend of $0.31 per share. The ex-dividend date was Tuesday, November 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.5%. Cognizant Technology Solutions’s dividend 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 Cognizant Technology Solutions stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $200,000.00. Following the completion of the transaction, the chief accounting officer owned 36,149 shares of the company’s stock, valued at $2,891,920. The trade was a 6.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ravi Kumar Singisetti sold 2,950 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $85.06, for a total transaction of $250,927.00. Following the completion of the sale, the chief executive officer directly owned 75,209 shares in the company, valued at approximately $6,397,277.54. The trade was a 3.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 30,206 shares of company stock valued at $2,505,231. Corporate insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CTSH. Susquehanna reaffirmed a “positive” rating and issued a $98.00 target price on shares of Cognizant Technology Solutions in a report on Friday. TD Cowen reiterated a “hold” rating on shares of Cognizant Technology Solutions in a report on Friday, January 9th. JPMorgan Chase & Co. lifted their price objective on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Wells Fargo & Company reiterated an “overweight” rating and issued a $98.00 price target (up previously from $87.00) on shares of Cognizant Technology Solutions in a report on Wednesday, January 14th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research report on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Cognizant Technology Solutions has an average rating of “Hold” and an average target price of $88.22.

Cognizant Technology Solutions Profile

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.