APG Asset Management N.V. Sells 8,300 Shares of Cognizant Technology Solutions Corporation $CTSH

APG Asset Management N.V. decreased its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 489,828 shares of the information technology service provider’s stock after selling 8,300 shares during the quarter. APG Asset Management N.V. owned approximately 0.10% of Cognizant Technology Solutions worth $32,853,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. NewSquare Capital LLC lifted its stake in Cognizant Technology Solutions by 71.8% in the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock valued at $29,000 after acquiring an additional 153 shares during the last quarter. High Note Wealth LLC increased its position in Cognizant Technology Solutions by 22,450.0% during the 3rd quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock worth $30,000 after buying an additional 449 shares during the period. New Millennium Group LLC bought a new stake in Cognizant Technology Solutions in the 3rd quarter valued at about $34,000. Winnow Wealth LLC acquired a new stake in Cognizant Technology Solutions during the third quarter worth approximately $39,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Cognizant Technology Solutions by 267.7% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup restated a “neutral” rating and set a $86.00 price objective (up from $75.00) on shares of Cognizant Technology Solutions in a research report on Thursday, January 22nd. Susquehanna reiterated a “positive” rating and set a $98.00 price target on shares of Cognizant Technology Solutions in a report on Friday, January 23rd. Weiss Ratings upgraded Cognizant Technology Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Berenberg Bank set a $107.00 price target on Cognizant Technology Solutions and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, William Blair upgraded shares of Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research report on Friday, November 21st. 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, the company currently has an average rating of “Hold” and an average price target of $90.17.

Insiders Place Their Bets

In related news, CAO John Sunshin Kim sold 2,500 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $200,000.00. Following the completion of the transaction, the chief accounting officer directly owned 36,149 shares in the company, valued at $2,891,920. The trade was a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Surya Gummadi sold 1,728 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $83.06, for a total value of $143,527.68. Following the transaction, the insider directly owned 25,641 shares of the company’s stock, valued at $2,129,741.46. The trade was a 6.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 29,434 shares of company stock worth $2,460,809 over the last three months. Corporate insiders own 0.32% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ:CTSH opened at $64.43 on Monday. Cognizant Technology Solutions Corporation has a twelve month low of $60.03 and a twelve month high of $87.03. The firm has a market capitalization of $30.81 billion, a PE ratio of 14.16, a P/E/G ratio of 1.40 and a beta of 1.00. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $78.21 and a two-hundred day moving average price of $74.39.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its 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. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.21 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. Equities analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th were paid a $0.33 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $1.32 annualized dividend and a yield of 2.0%. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. Cognizant Technology Solutions’s dividend payout ratio is currently 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.