Cognizant Technology Solutions Corporation $CTSH Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC decreased its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 17.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 654,344 shares of the information technology service provider’s stock after selling 141,054 shares during the quarter. ProShare Advisors LLC owned about 0.13% of Cognizant Technology Solutions worth $43,887,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CTSH. Linden Thomas Advisory Services LLC grew its stake in shares of Cognizant Technology Solutions by 3.4% during the third quarter. Linden Thomas Advisory Services LLC now owns 53,189 shares of the information technology service provider’s stock worth $3,567,000 after acquiring an additional 1,738 shares during the last quarter. Candriam S.C.A. boosted its stake in Cognizant Technology Solutions by 34.9% in the 3rd quarter. Candriam S.C.A. now owns 45,996 shares of the information technology service provider’s stock worth $3,085,000 after purchasing an additional 11,909 shares in the last quarter. Plato Investment Management Ltd grew its position in Cognizant Technology Solutions by 57.1% during the 3rd quarter. Plato Investment Management Ltd now owns 17,091 shares of the information technology service provider’s stock worth $1,138,000 after purchasing an additional 6,214 shares during the last quarter. Azzad Asset Management Inc. ADV acquired a new position in Cognizant Technology Solutions during the 3rd quarter valued at approximately $647,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Cognizant Technology Solutions by 35.0% in the third quarter. Smartleaf Asset Management LLC now owns 6,092 shares of the information technology service provider’s stock worth $409,000 after buying an additional 1,579 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Cognizant Technology Solutions Stock Down 3.2%

Cognizant Technology Solutions stock opened at $74.60 on Tuesday. The business’s 50-day moving average price is $82.84 and its 200 day moving average price is $74.97. The company has a quick ratio of 2.36, a current ratio of 2.34 and a debt-to-equity ratio of 0.04. The firm has a market cap of $36.01 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 1.47 and a beta of 0.95. Cognizant Technology Solutions Corporation has a 52 week low of $65.15 and a 52 week high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, February 4th. The information technology service provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.32 by $0.03. The business had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.31 billion. Cognizant Technology Solutions had a return on equity of 17.17% and a net margin of 10.56%.The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. As a group, sell-side analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, February 18th. Cognizant Technology Solutions’s payout ratio is currently 27.25%.

Wall Street Analyst Weigh In

CTSH has been the topic of a number of research analyst reports. Mizuho set a $87.00 price objective on shares of Cognizant Technology Solutions in a report on Monday. UBS Group reiterated a “neutral” rating and set a $82.00 price target (up previously from $78.00) on shares of Cognizant Technology Solutions in a research note on Monday, December 8th. Citigroup reissued a “neutral” rating and issued a $86.00 price objective (up from $75.00) on shares of Cognizant Technology Solutions in a report on Thursday, January 22nd. Berenberg Bank set a $107.00 target price on Cognizant Technology Solutions and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Monday, January 26th. Ten research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Cognizant Technology Solutions presently has an average rating of “Hold” and an average target price of $90.89.

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 transaction of $200,000.00. Following the transaction, the chief accounting officer directly owned 36,149 shares of the company’s stock, valued at $2,891,920. This trade represents a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ravi Kumar Singisetti sold 2,950 shares of the business’s 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 sale, the chief executive officer directly owned 75,209 shares of the company’s stock, valued at $6,397,277.54. This represents a 3.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 29,434 shares of company stock valued at $2,460,809. Insiders own 0.32% of the company’s stock.

Cognizant Technology Solutions Company 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.