Achmea Investment Management B.V. Increases Stake in Cognizant Technology Solutions Corporation $CTSH

Achmea Investment Management B.V. boosted its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 58.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 303,146 shares of the information technology service provider’s stock after buying an additional 111,634 shares during the period. Achmea Investment Management B.V. owned 0.06% of Cognizant Technology Solutions worth $20,332,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. JPL Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions during the third quarter valued at approximately $25,000. High Note Wealth LLC lifted its position in 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 valued at $30,000 after buying an additional 449 shares during the period. New Millennium Group LLC bought a new stake in shares of Cognizant Technology Solutions during the 3rd quarter valued at $34,000. Winnow Wealth LLC bought a new stake in shares of Cognizant Technology Solutions during the 3rd quarter valued at $39,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in shares of Cognizant Technology Solutions by 267.7% in 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 buying an additional 439 shares during the period. 92.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Michael Patsalos-Fox sold 2,000 shares of the company’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 owned 29,729 shares in the company, valued at $2,504,073.67. This represents a 6.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Surya Gummadi sold 1,728 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $83.06, for a total transaction 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. This represents a 6.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,809 shares of company stock valued at $1,423,037 over the last quarter. 0.32% of the stock is currently owned by company insiders.

Cognizant Technology Solutions Trading Up 0.4%

NASDAQ CTSH opened at $61.32 on Wednesday. Cognizant Technology Solutions Corporation has a 12-month low of $60.03 and a 12-month high of $87.03. The company has a fifty day simple moving average of $73.20 and a two-hundred day simple moving average of $73.72. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.04. The stock has a market cap of $29.33 billion, a P/E ratio of 13.48, a P/E/G ratio of 1.32 and a beta of 0.99.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share (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 the consensus estimate of $5.31 billion. During the same period in the prior year, the firm earned $1.21 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. On average, analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th were paid a $0.33 dividend. The ex-dividend date was Wednesday, February 18th. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 2.2%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 29.01%.

Analysts Set New Price Targets

CTSH has been the subject of a number of recent research reports. Weiss Ratings raised shares of Cognizant Technology Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. UBS Group set a $71.00 price objective on shares of Cognizant Technology Solutions in a report on Friday. Morgan Stanley raised their target price on shares of 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. Deutsche Bank Aktiengesellschaft upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a report on Monday, January 26th. Finally, Mizuho set a $87.00 price target on Cognizant Technology Solutions in a research note on Monday, February 9th. Ten equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $88.78.

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.