Cognizant Technology Solutions Corporation $CTSH Shares Acquired by AIA Group Ltd

AIA Group Ltd boosted its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 275.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,233 shares of the information technology service provider’s stock after purchasing an additional 44,196 shares during the period. AIA Group Ltd’s holdings in Cognizant Technology Solutions were worth $4,040,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in Cognizant Technology Solutions in the fourth quarter valued at about $214,000. Geneos Wealth Management Inc. increased its holdings in Cognizant Technology Solutions by 118.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock worth $44,000 after purchasing an additional 309 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Cognizant Technology Solutions in the 1st quarter valued at approximately $142,000. Cetera Investment Advisers boosted its stake in shares of Cognizant Technology Solutions by 3.6% during the 2nd quarter. Cetera Investment Advisers now owns 43,576 shares of the information technology service provider’s stock valued at $3,400,000 after buying an additional 1,518 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in shares of Cognizant Technology Solutions by 3.3% during the second quarter. Intech Investment Management LLC now owns 20,062 shares of the information technology service provider’s stock worth $1,565,000 after buying an additional 644 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Transactions at Cognizant Technology Solutions

In related news, insider Surya Gummadi sold 1,728 shares of the company’s 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 completion of the sale, the insider 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. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the director directly owned 29,729 shares of the company’s stock, valued at $2,504,073.67. The trade was a 6.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 13,859 shares of company stock worth $1,172,110. Company insiders own 0.32% of the company’s stock.

Cognizant Technology Solutions Stock Performance

CTSH opened at $61.55 on Friday. 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 business’s 50 day moving average is $72.24 and its 200-day moving average is $73.54. The stock has a market cap of $29.44 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 1.31 and a beta of 0.99. Cognizant Technology Solutions Corporation has a twelve month low of $59.35 and a twelve month high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.21 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. On average, analysts predict that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Increases Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Guggenheim restated a “buy” rating and issued a $100.00 price target (up from $95.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, January 28th. TD Cowen decreased their price objective on shares of Cognizant Technology Solutions from $85.00 to $71.00 and set a “hold” rating for the company in a report on Friday, March 13th. William Blair raised shares of Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research report on Friday, November 21st. UBS Group set a $71.00 target price on shares of Cognizant Technology Solutions in a research note on Friday, March 13th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $98.00 price target (up from $87.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, January 14th. Ten equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $88.78.

Cognizant Technology Solutions 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.