Cognizant Technology Solutions Corporation $CTSH Shares Sold by S&CO Inc.

S&CO Inc. trimmed its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 20.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,740 shares of the information technology service provider’s stock after selling 10,000 shares during the quarter. S&CO Inc.’s holdings in Cognizant Technology Solutions were worth $2,665,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Cognizant Technology Solutions in the second quarter worth $487,526,000. Allianz Asset Management GmbH grew its stake in shares of 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 worth $211,332,000 after purchasing an additional 1,636,636 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Cognizant Technology Solutions by 59.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,778,252 shares of the information technology service provider’s stock valued at $253,407,000 after purchasing an additional 1,407,776 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Cognizant Technology Solutions in the 2nd quarter valued at $74,917,000. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of Cognizant Technology Solutions in the 2nd quarter valued at $59,176,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Activity at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, insider Surya Gummadi sold 1,728 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $83.06, for a total transaction of $143,527.68. Following the completion of the transaction, the insider owned 25,641 shares of the company’s stock, valued at $2,129,741.46. This trade represents a 6.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO John Sunshin Kim sold 2,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly 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 SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 29,434 shares of company stock worth $2,460,809. 0.32% of the stock is owned by corporate insiders.

Cognizant Technology Solutions Stock Down 3.2%

Shares of CTSH opened at $74.60 on Tuesday. Cognizant Technology Solutions Corporation has a 52-week low of $65.15 and a 52-week high of $90.82. 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 stock has a fifty day simple moving average of $82.84 and a two-hundred day simple moving average of $74.97. The company has a market capitalization of $36.01 billion, a PE ratio of 16.40, a price-to-earnings-growth 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. The firm had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.31 billion. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. Cognizant Technology Solutions’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. As a group, equities analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th will be paid a $0.33 dividend. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $1.32 annualized dividend and a dividend yield of 1.8%. Cognizant Technology Solutions’s dividend payout ratio is currently 27.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Citigroup restated a “neutral” rating and set a $86.00 target price (up from $75.00) on shares of Cognizant Technology Solutions in a research report on Thursday, January 22nd. Weiss Ratings upgraded shares of Cognizant Technology Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. TD Cowen reiterated a “hold” rating and issued a $85.00 price objective (up from $84.00) on shares of Cognizant Technology Solutions in a report on Thursday. Wells Fargo & Company reiterated an “overweight” rating and set a $98.00 price target (up from $87.00) on shares of Cognizant Technology Solutions in a research report on Wednesday, January 14th. Finally, Morgan Stanley lifted their target price on shares of Cognizant Technology Solutions from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Ten investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $90.89.

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.