Vanguard Group Inc. Purchases 493,912 Shares of Cognizant Technology Solutions Corporation $CTSH

Vanguard Group Inc. boosted its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 0.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 60,348,442 shares of the information technology service provider’s stock after purchasing an additional 493,912 shares during the quarter. Vanguard Group Inc. owned about 12.36% of Cognizant Technology Solutions worth $4,047,570,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. State Street Corp raised its stake in shares of Cognizant Technology Solutions by 0.6% during the second quarter. State Street Corp now owns 25,381,572 shares of the information technology service provider’s stock worth $1,980,524,000 after buying an additional 157,427 shares during the last quarter. Geode Capital Management LLC boosted its stake in Cognizant Technology Solutions by 1.5% in 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 acquiring an additional 206,532 shares during the last quarter. Norges Bank acquired a new stake in Cognizant Technology Solutions during the 2nd quarter worth $487,526,000. National Bank of Canada FI raised its position in shares of 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 valued at $404,511,000 after acquiring an additional 178,239 shares during the last quarter. Finally, Amundi raised its position in shares of Cognizant Technology Solutions by 5.2% during the 2nd quarter. Amundi now owns 4,755,344 shares of the information technology service provider’s stock valued at $381,135,000 after acquiring an additional 235,432 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cognizant Technology Solutions

In related news, Director Michael Patsalos-Fox sold 2,000 shares of the company’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $84.23, for a total transaction of $168,460.00. Following the sale, the director owned 29,729 shares in the company, valued at approximately $2,504,073.67. This represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO John Sunshin Kim sold 2,500 shares of the stock in a transaction that occurred 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 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 29,434 shares of company stock valued at $2,460,809 over the last quarter. 0.32% of the stock is currently owned by corporate insiders.

Cognizant Technology Solutions Stock Down 2.1%

CTSH stock opened at $65.18 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.14 and a quick ratio of 2.14. The stock has a market capitalization of $31.46 billion, a P/E ratio of 14.33, a P/E/G ratio of 1.44 and a beta of 0.95. Cognizant Technology Solutions Corporation has a fifty-two week low of $64.61 and a fifty-two week high of $90.00. The business has a 50-day moving average of $81.44 and a 200-day moving average of $74.74.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 EPS 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 firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.31 billion. During the same quarter in the previous year, the business posted $1.21 EPS. The business’s quarterly revenue 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, sell-side analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Investors 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 yield of 2.0%. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, February 18th. Cognizant Technology Solutions’s payout ratio is 27.25%.

Wall Street Analyst Weigh In

CTSH has been the subject of a number of analyst reports. Morgan Stanley lifted their price objective on 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. Guggenheim restated a “buy” rating and set a $100.00 target price (up previously from $95.00) on shares of Cognizant Technology Solutions in a report on Wednesday, January 28th. BMO Capital Markets set a $83.00 target price on Cognizant Technology Solutions in a research report on Thursday, February 12th. Citigroup reiterated a “neutral” rating and issued a $86.00 price target (up from $75.00) on shares of Cognizant Technology Solutions in a research report on Thursday, January 22nd. Finally, Weiss Ratings raised shares of Cognizant Technology Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Ten investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, Cognizant Technology Solutions presently has an average rating of “Hold” and an average price target 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.