Aberdeen Group plc Purchases 11,173 Shares of Cognizant Technology Solutions Corporation $CTSH

Aberdeen Group plc raised its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 449,680 shares of the information technology service provider’s stock after purchasing an additional 11,173 shares during the quarter. Aberdeen Group plc owned 0.09% of Cognizant Technology Solutions worth $30,241,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. NewSquare Capital LLC boosted its position in Cognizant Technology Solutions by 71.8% during the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock worth $29,000 after buying an additional 153 shares during the period. High Note Wealth LLC lifted its holdings in shares of Cognizant Technology Solutions by 22,450.0% during the third quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock worth $30,000 after purchasing an additional 449 shares during the period. Winnow Wealth LLC acquired a new position in shares of Cognizant Technology Solutions during the third quarter worth $39,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Cognizant Technology Solutions by 267.7% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 603 shares of the information technology service provider’s stock worth $40,000 after purchasing an additional 439 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in Cognizant Technology Solutions in the third quarter valued at $41,000. 92.44% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Stock Performance

Shares of CTSH opened at $66.55 on Tuesday. Cognizant Technology Solutions Corporation has a one year low of $65.00 and a one year high of $90.82. The company has a market cap of $32.12 billion, a PE ratio of 14.63, a P/E/G ratio of 1.44 and a beta of 0.95. The stock has a 50-day moving average of $81.76 and a 200-day moving average of $74.78. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.14 and a quick ratio of 2.14.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, February 4th. The information technology service provider reported $1.35 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.31 billion. During the same quarter last year, the firm 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. On average, equities research analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th will be paid a dividend of $0.33 per share. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, February 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.0%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 27.25%.

Insider Buying and Selling

In related news, CEO Ravi Kumar Singisetti sold 2,950 shares of the company’s stock in a transaction on 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 owned 75,209 shares in the company, valued at approximately $6,397,277.54. This represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael Patsalos-Fox sold 2,000 shares of the 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 directly owned 29,729 shares of the company’s stock, valued at $2,504,073.67. The trade was a 6.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 29,434 shares of company stock valued at $2,460,809. Company insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on CTSH. Citigroup reaffirmed a “neutral” rating and set a $86.00 target price (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 company a “buy” rating in a report on Thursday, January 22nd. Argus raised shares of Cognizant Technology Solutions to a “hold” rating in a research report on Tuesday, February 10th. Mizuho set a $87.00 price target on shares of Cognizant Technology Solutions in a research report on Monday, February 9th. Finally, Royal Bank Of Canada increased their price objective 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. Ten equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $90.17.

About Cognizant Technology Solutions

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.