Aberdeen Group plc Cuts Stake in Cognizant Technology Solutions Corporation $CTSH

Aberdeen Group plc reduced its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 438,904 shares of the information technology service provider’s stock after selling 10,776 shares during the quarter. Aberdeen Group plc owned 0.09% of Cognizant Technology Solutions worth $36,429,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CTSH. Security National Bank of SO Dak raised its holdings in shares of Cognizant Technology Solutions by 0.6% in the 3rd 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 in the last quarter. Haven Private LLC lifted its holdings in Cognizant Technology Solutions by 1.9% during the third quarter. Haven Private LLC now owns 8,451 shares of the information technology service provider’s stock worth $567,000 after buying an additional 157 shares during the period. Uncommon Cents Investing LLC boosted its position in Cognizant Technology Solutions by 2.0% during the 3rd quarter. Uncommon Cents Investing LLC now owns 8,400 shares of the information technology service provider’s stock valued at $563,000 after acquiring an additional 165 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Cognizant Technology Solutions by 3.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,846 shares of the information technology service provider’s stock valued at $325,000 after acquiring an additional 174 shares during the period. Finally, WealthCollab LLC increased its holdings in shares of Cognizant Technology Solutions by 37.1% in the 3rd quarter. WealthCollab LLC now owns 643 shares of the information technology service provider’s stock valued at $43,000 after acquiring an additional 174 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Insider Transactions at Cognizant Technology Solutions

In other news, Director Michael Patsalos-Fox sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $84.23, for a total value of $168,460.00. Following the completion of the transaction, the director directly owned 29,729 shares in the company, valued at $2,504,073.67. This trade represents a 6.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Surya Gummadi sold 1,728 shares of Cognizant Technology Solutions stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $83.06, for a total value of $143,527.68. Following the sale, the insider directly owned 25,641 shares of the company’s stock, valued at $2,129,741.46. This trade represents a 6.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 3,859 shares of company stock valued at $319,950. 0.32% of the stock is currently owned by insiders.

Cognizant Technology Solutions Stock Performance

Cognizant Technology Solutions stock opened at $62.54 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a market cap of $29.91 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 1.36 and a beta of 0.98. The stock has a 50-day moving average of $67.08 and a two-hundred day moving average of $72.83. Cognizant Technology Solutions Corporation has a one year low of $58.83 and a one year high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data 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 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 the consensus estimate of $5.31 billion. During the same quarter in the prior year, the company posted $1.21 earnings per share. 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. On average, research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.1%. This is an increase 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 recently weighed in on CTSH. Weiss Ratings cut Cognizant Technology Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Guggenheim reiterated a “buy” rating and issued a $100.00 target price (up from $95.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, January 28th. Royal Bank Of Canada boosted their target price on shares of Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Thursday, February 5th. UBS Group set a $71.00 price target on shares of Cognizant Technology Solutions in a report on Friday, March 13th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $98.00 price objective on shares of Cognizant Technology Solutions in a research report on Friday, January 23rd. Nine investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus 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.