Exchange Traded Concepts LLC Buys 10,694 Shares of Cognizant Technology Solutions Corporation $CTSH

Exchange Traded Concepts LLC boosted its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 68.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,247 shares of the information technology service provider’s stock after acquiring an additional 10,694 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Cognizant Technology Solutions were worth $2,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CTSH. Vanguard Group Inc. boosted its stake in shares of Cognizant Technology Solutions by 0.8% during the third quarter. Vanguard Group Inc. now owns 60,348,442 shares of the information technology service provider’s stock valued at $4,047,570,000 after purchasing an additional 493,912 shares during the period. State Street Corp increased its stake in shares of Cognizant Technology Solutions by 0.6% in the second quarter. State Street Corp now owns 25,381,572 shares of the information technology service provider’s stock worth $1,980,524,000 after buying an additional 157,427 shares during the period. Pzena Investment Management LLC increased its stake in shares of Cognizant Technology Solutions by 1.5% in the third quarter. Pzena Investment Management LLC now owns 17,710,868 shares of the information technology service provider’s stock worth $1,187,868,000 after buying an additional 260,177 shares during the period. Invesco Ltd. raised its holdings in Cognizant Technology Solutions by 8.6% during the 3rd quarter. Invesco Ltd. now owns 12,534,198 shares of the information technology service provider’s stock valued at $840,669,000 after buying an additional 987,395 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Cognizant Technology Solutions by 7.6% during the 3rd quarter. First Trust Advisors LP now owns 9,085,998 shares of the information technology service provider’s stock valued at $609,398,000 after buying an additional 639,801 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Stock Up 0.5%

Shares of NASDAQ CTSH opened at $61.35 on Wednesday. The firm has a fifty day simple moving average of $68.41 and a two-hundred day simple moving average of $73.01. Cognizant Technology Solutions Corporation has a 12 month low of $58.83 and a 12 month high of $87.03. 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 firm has a market capitalization of $29.34 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.32 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 analysts’ consensus estimates of $1.32 by $0.03. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The firm had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.31 billion. During the same quarter in the previous year, the firm posted $1.21 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. Equities analysts expect 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. Shareholders of record on Wednesday, February 18th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, February 18th. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. Cognizant Technology Solutions’s payout ratio is presently 29.01%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CTSH. Argus raised shares of Cognizant Technology Solutions to a “hold” rating in a report on Tuesday, February 10th. Susquehanna reiterated a “positive” rating and set a $98.00 target price on shares of Cognizant Technology Solutions in a report on Friday, January 23rd. Citigroup reissued a “neutral” rating and issued a $86.00 target price (up from $75.00) on shares of Cognizant Technology Solutions in a research note on Thursday, January 22nd. UBS Group set a $71.00 price target on Cognizant Technology Solutions in a report on Friday, March 13th. Finally, BMO Capital Markets set a $83.00 price target on Cognizant Technology Solutions in a research report on Thursday, February 12th. Nine equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $88.78.

Insider Buying and Selling

In other Cognizant Technology Solutions 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 transaction of $168,460.00. Following the transaction, the director owned 29,729 shares in the company, valued at approximately $2,504,073.67. This represents a 6.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Surya Gummadi sold 1,728 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $83.06, for a total value of $143,527.68. Following the completion of 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,859 shares of company stock worth $319,950 in the last quarter. Company insiders own 0.32% of the company’s stock.

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.