Azzad Asset Management Inc. ADV Takes $647,000 Position in Cognizant Technology Solutions Corporation $CTSH

Azzad Asset Management Inc. ADV acquired a new stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,651 shares of the information technology service provider’s stock, valued at approximately $647,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in Cognizant Technology Solutions during the 4th quarter worth approximately $214,000. Geneos Wealth Management Inc. raised its holdings 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 worth $44,000 after purchasing an additional 309 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Cognizant Technology Solutions in the 1st quarter valued at $142,000. Callan Family Office LLC bought a new stake in shares of Cognizant Technology Solutions in the 2nd quarter valued at $394,000. Finally, IFP Advisors Inc raised its stake in Cognizant Technology Solutions by 10.8% during the 2nd quarter. IFP Advisors Inc now owns 10,342 shares of the information technology service provider’s stock worth $894,000 after buying an additional 1,004 shares during the period. Institutional investors own 92.44% of the company’s stock.

Insider Activity

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 2,500 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $80.00, for a total value of $200,000.00. Following the completion of the sale, the chief accounting officer owned 36,149 shares in the company, valued at $2,891,920. This trade represents a 6.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Patsalos-Fox sold 2,000 shares of Cognizant Technology Solutions stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $84.23, for a total transaction of $168,460.00. Following the completion of the transaction, the director directly owned 29,729 shares of the company’s stock, valued at approximately $2,504,073.67. This trade represents a 6.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 29,434 shares of company stock valued at $2,460,809. 0.32% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. The Goldman Sachs Group restated a “neutral” rating and issued a $84.00 price target on shares of Cognizant Technology Solutions in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Monday, January 26th. JPMorgan Chase & Co. upped their price target on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Morgan Stanley raised their price objective on shares of Cognizant Technology Solutions from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Finally, Royal Bank Of Canada boosted their price objective on shares of Cognizant Technology Solutions from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. Ten research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $90.89.

Cognizant Technology Solutions Stock Down 3.2%

Shares of CTSH stock opened at $74.60 on Tuesday. The firm’s fifty day moving average price is $82.84 and its two-hundred day moving average price is $74.97. The company has a current ratio of 2.34, a quick ratio of 2.36 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. The firm has a market capitalization of $36.01 billion, a P/E ratio of 16.40, a PEG ratio of 1.47 and a beta of 0.95.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.03. Cognizant Technology Solutions had a return on equity of 17.17% and a net margin of 10.56%.The company had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.31 billion. During the same quarter last year, the company earned $1.21 EPS. Cognizant Technology Solutions’s revenue for the quarter was up 4.9% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. On average, equities analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Wednesday, February 18th will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, February 18th. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 1.8%. Cognizant Technology Solutions’s dividend payout ratio is presently 27.25%.

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.