Barrow Hanley Mewhinney & Strauss LLC Acquires 61,004 Shares of Cognizant Technology Solutions Corporation $CTSH

Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,217,532 shares of the information technology service provider’s stock after acquiring an additional 61,004 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 0.87% of Cognizant Technology Solutions worth $282,870,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Security National Bank of SO Dak lifted its position in Cognizant Technology Solutions by 0.6% during the third quarter. Security National Bank of SO Dak now owns 24,785 shares of the information technology service provider’s stock valued at $1,662,000 after purchasing an additional 150 shares during the period. Haven Private LLC lifted its stake in shares of Cognizant Technology Solutions by 1.9% in the 3rd quarter. Haven Private LLC now owns 8,451 shares of the information technology service provider’s stock worth $567,000 after purchasing an additional 157 shares during the period. STF Management LP boosted its holdings in shares of Cognizant Technology Solutions by 2.1% in the second quarter. STF Management LP now owns 7,534 shares of the information technology service provider’s stock worth $588,000 after buying an additional 158 shares during the last quarter. Uncommon Cents Investing LLC increased its holdings in Cognizant Technology Solutions by 2.0% during the third quarter. Uncommon Cents Investing LLC now owns 8,400 shares of the information technology service provider’s stock valued at $563,000 after buying an additional 165 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in Cognizant Technology Solutions by 3.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,846 shares of the information technology service provider’s stock worth $325,000 after acquiring an additional 174 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Trading Down 2.6%

Shares of Cognizant Technology Solutions stock opened at $62.98 on Wednesday. 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 firm has a market cap of $30.12 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 1.40 and a beta of 0.99. Cognizant Technology Solutions Corporation has a twelve month low of $60.03 and a twelve month high of $87.03. The business has a 50-day moving average price of $75.34 and a 200-day moving average price of $74.10.

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 for the quarter, beating the consensus estimate of $1.32 by $0.03. The business had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.31 billion. Cognizant Technology Solutions had a return on equity of 17.17% and a net margin of 10.56%.The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. Equities research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, February 18th. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. Cognizant Technology Solutions’s dividend payout ratio is 29.01%.

Insider Activity

In related news, CEO Ravi Kumar Singisetti sold 2,950 shares of the stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $85.06, for a total value of $250,927.00. Following the completion of the transaction, the chief executive officer owned 75,209 shares of the company’s stock, valued at approximately $6,397,277.54. This trade represents a 3.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Patsalos-Fox sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $84.23, for a total value of $168,460.00. Following the sale, the director directly owned 29,729 shares in the company, valued at $2,504,073.67. The trade was a 6.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 23,809 shares of company stock worth $2,010,778. 0.32% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CTSH shares. Royal Bank Of Canada upped their price objective on Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th. TD Cowen reaffirmed a “hold” rating and issued a $85.00 price objective (up from $84.00) on shares of Cognizant Technology Solutions in a research note on Thursday, February 5th. Susquehanna reiterated a “positive” rating and set a $98.00 price objective on shares of Cognizant Technology Solutions in a research note on Friday, January 23rd. William Blair upgraded shares of Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research note on Friday, November 21st. Finally, Guggenheim reiterated a “buy” rating and issued a $100.00 price target (up from $95.00) on shares of Cognizant Technology Solutions in a research report on Wednesday, January 28th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $90.17.

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.