Barclays PLC Trims Stock Position in Cognizant Technology Solutions Corporation $CTSH

Barclays PLC decreased its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 23.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,822,729 shares of the information technology service provider’s stock after selling 560,221 shares during the period. Barclays PLC owned 0.38% of Cognizant Technology Solutions worth $122,250,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Crossmark Global Holdings Inc. lifted its position in Cognizant Technology Solutions by 7.1% in the third quarter. Crossmark Global Holdings Inc. now owns 149,665 shares of the information technology service provider’s stock valued at $10,038,000 after acquiring an additional 9,958 shares during the last quarter. Advisory Alpha LLC grew its holdings in shares of Cognizant Technology Solutions by 18.6% during the third quarter. Advisory Alpha LLC now owns 5,824 shares of the information technology service provider’s stock worth $390,000 after purchasing an additional 913 shares during the last quarter. IFG Advisory LLC increased its position in shares of Cognizant Technology Solutions by 3.9% during the third quarter. IFG Advisory LLC now owns 67,980 shares of the information technology service provider’s stock worth $4,559,000 after purchasing an additional 2,562 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Cognizant Technology Solutions by 4.3% during the third quarter. Dimensional Fund Advisors LP now owns 6,393,356 shares of the information technology service provider’s stock worth $428,798,000 after purchasing an additional 260,844 shares in the last quarter. Finally, AustralianSuper Pty Ltd purchased a new stake in shares of Cognizant Technology Solutions in the 3rd quarter valued at about $4,422,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Stock Up 0.7%

CTSH opened at $66.26 on Friday. Cognizant Technology Solutions Corporation has a 52 week low of $60.03 and a 52 week high of $87.03. The business has a 50 day moving average price of $76.17 and a two-hundred day moving average price of $74.18. 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 market cap of $31.69 billion, a PE ratio of 14.56, a P/E/G ratio of 1.44 and a beta of 0.99.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.03. The company 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 company’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the business posted $1.21 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. As a group, research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Wednesday, February 18th were given a $0.33 dividend. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, February 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.0%. Cognizant Technology Solutions’s payout ratio is 29.01%.

Insider Buying and Selling at Cognizant Technology Solutions

In other news, insider Surya Gummadi sold 1,728 shares of Cognizant Technology Solutions stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $83.06, for a total value of $143,527.68. Following the sale, the insider owned 25,641 shares of the company’s stock, valued at $2,129,741.46. The trade was a 6.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ravi Kumar Singisetti sold 2,950 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $85.06, for a total transaction of $250,927.00. Following the transaction, the chief executive officer directly owned 75,209 shares of the company’s stock, valued at $6,397,277.54. This represents a 3.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 23,809 shares of company stock valued at $2,010,778. 0.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CTSH shares. Guggenheim restated a “buy” rating and set a $100.00 price target (up from $95.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, January 28th. Morgan Stanley boosted their price objective on Cognizant Technology Solutions from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Berenberg Bank set a $107.00 target price on shares of Cognizant Technology Solutions and gave the stock a “buy” rating in a research report on Thursday, January 22nd. BMO Capital Markets set a $83.00 target price on shares of Cognizant Technology Solutions in a report on Thursday, February 12th. Finally, TD Cowen reiterated a “hold” rating and issued a $85.00 price target (up from $84.00) on shares of Cognizant Technology Solutions in a research report on Thursday, February 5th. Ten research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, Cognizant Technology Solutions 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.