Cognizant Technology Solutions Corporation $CTSH Shares Acquired by Candriam S.C.A.

Candriam S.C.A. increased its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 34.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,996 shares of the information technology service provider’s stock after buying an additional 11,909 shares during the period. Candriam S.C.A.’s holdings in Cognizant Technology Solutions were worth $3,085,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Cognizant Technology Solutions by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 59,854,530 shares of the information technology service provider’s stock worth $4,670,449,000 after purchasing an additional 746,732 shares during the last quarter. State Street Corp increased its holdings in Cognizant Technology Solutions by 0.6% in the second quarter. State Street Corp now owns 25,381,572 shares of the information technology service provider’s stock valued at $1,980,524,000 after buying an additional 157,427 shares during the last quarter. Geode Capital Management LLC raised its stake in Cognizant Technology Solutions by 1.5% during the second quarter. Geode Capital Management LLC now owns 14,019,891 shares of the information technology service provider’s stock valued at $1,091,391,000 after buying an additional 206,532 shares in the last quarter. Norges Bank acquired a new stake in Cognizant Technology Solutions during the second quarter valued at approximately $487,526,000. Finally, National Bank of Canada FI lifted its holdings in Cognizant Technology Solutions by 3.6% during the 2nd quarter. National Bank of Canada FI now owns 5,184,041 shares of the information technology service provider’s stock worth $404,511,000 after buying an additional 178,239 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Insider Transactions at Cognizant Technology Solutions

In other news, CAO John Sunshin Kim sold 2,500 shares of Cognizant Technology Solutions stock in a transaction on Thursday, December 4th. The stock was 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 in the company, valued at approximately $2,891,920. This trade represents a 6.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Patsalos-Fox sold 2,000 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $84.23, for a total value of $168,460.00. Following the completion of the sale, the director 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. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 29,434 shares of company stock valued at $2,460,809. 0.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CTSH has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Monday, January 26th. Royal Bank Of Canada raised their price target on shares of Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 5th. Weiss Ratings raised shares of Cognizant Technology Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. increased their price objective on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Berenberg Bank set a $107.00 target price on Cognizant Technology Solutions and gave the company a “buy” rating in a research note on Thursday, January 22nd. Ten investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Cognizant Technology Solutions presently has a consensus rating of “Hold” and an average target price of $90.89.

Cognizant Technology Solutions Stock Down 4.9%

CTSH opened at $70.91 on Thursday. The stock’s 50 day moving average price is $82.61 and its 200 day moving average price is $74.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.34 and a quick ratio of 2.36. The stock has a market cap of $34.22 billion, a P/E ratio of 15.58, a P/E/G ratio of 1.62 and a beta of 0.95. Cognizant Technology Solutions Corporation has a 12 month low of $65.15 and a 12 month high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share (EPS) for the quarter, topping 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 in the prior year, the business posted $1.21 earnings per share. The company’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. As a group, research analysts predict 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 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 of this dividend 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 annualized dividend and a yield of 1.9%. Cognizant Technology Solutions’s dividend payout ratio is presently 29.01%.

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.