Aaron Wealth Advisors LLC Acquires Shares of 9,309 Cognizant Technology Solutions Corporation $CTSH

Aaron Wealth Advisors LLC acquired a new stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,309 shares of the information technology service provider’s stock, valued at approximately $773,000.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in 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 last quarter. State Street Corp lifted its holdings in Cognizant Technology Solutions by 0.6% during the second quarter. State Street Corp now owns 25,381,572 shares of the information technology service provider’s stock valued at $1,980,524,000 after purchasing an additional 157,427 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in Cognizant Technology Solutions by 1.5% during the third quarter. Pzena Investment Management LLC now owns 17,710,868 shares of the information technology service provider’s stock valued at $1,187,868,000 after purchasing an additional 260,177 shares during the last quarter. Invesco Ltd. lifted its holdings in Cognizant Technology Solutions by 8.6% during the third quarter. Invesco Ltd. now owns 12,534,198 shares of the information technology service provider’s stock valued at $840,669,000 after purchasing an additional 987,395 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Cognizant Technology Solutions by 7.6% during the third 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 purchasing an additional 639,801 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Stock Down 0.8%

CTSH stock opened at $61.00 on Thursday. Cognizant Technology Solutions Corporation has a 1-year low of $58.83 and a 1-year 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 company’s 50 day moving average is $65.71 and its 200 day moving average is $72.68. The stock has a market cap of $29.17 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 1.36 and a beta of 0.98.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 EPS 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 business had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.31 billion. During the same period last year, the business earned $1.21 earnings per share. The business’s quarterly 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. Sell-side analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The firm 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 was Wednesday, February 18th. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 2.2%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 29.01%.

Insider Activity

In other news, insider Surya Gummadi sold 1,728 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $83.06, for a total value of $143,527.68. Following the transaction, the insider owned 25,641 shares in the company, valued at approximately $2,129,741.46. This trade represents a 6.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CTSH shares. Mizuho set a $87.00 price target on shares of Cognizant Technology Solutions in a report on Monday, February 9th. BMO Capital Markets set a $83.00 price target on shares of Cognizant Technology Solutions in a report on Thursday, February 12th. Royal Bank Of Canada increased their price target 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, Berenberg Bank set a $107.00 price target on shares of Cognizant Technology Solutions and gave the stock a “buy” rating in a report on Thursday, January 22nd. Nine equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $87.78.

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.