Allspring Global Investments Holdings LLC Decreases Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Allspring Global Investments Holdings LLC decreased its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 86.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,869 shares of the information technology service provider’s stock after selling 165,175 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Cognizant Technology Solutions were worth $2,184,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Security National Bank of SO Dak increased its stake in Cognizant Technology Solutions by 0.6% in the second quarter. Security National Bank of SO Dak now owns 24,635 shares of the information technology service provider’s stock worth $1,922,000 after purchasing an additional 150 shares during the period. Haven Private LLC increased its stake in Cognizant Technology Solutions by 1.9% in the third quarter. Haven Private LLC now owns 8,451 shares of the information technology service provider’s stock worth $567,000 after purchasing an additional 157 shares during the period. Uncommon Cents Investing LLC increased its stake in Cognizant Technology Solutions by 2.0% in the third quarter. Uncommon Cents Investing LLC now owns 8,400 shares of the information technology service provider’s stock worth $563,000 after purchasing an additional 165 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in Cognizant Technology Solutions by 3.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,846 shares of the information technology service provider’s stock worth $325,000 after purchasing an additional 174 shares during the period. Finally, WealthCollab LLC increased its stake in Cognizant Technology Solutions by 37.1% in the third quarter. WealthCollab LLC now owns 643 shares of the information technology service provider’s stock worth $43,000 after purchasing an additional 174 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insiders Place Their Bets

In related news, insider Surya Gummadi sold 1,728 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $83.06, for a total transaction of $143,527.68. Following the sale, the insider owned 25,641 shares of the company’s stock, valued at $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 available through this link. 0.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Mizuho set a $87.00 target price on Cognizant Technology Solutions in a research note on Monday, February 9th. BMO Capital Markets set a $83.00 price target on Cognizant Technology Solutions in a research note on Thursday, February 12th. Weiss Ratings lowered Cognizant Technology Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Wells Fargo & Company restated an “overweight” rating and set a $98.00 price target (up from $87.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, January 14th. Finally, Citigroup cut their price target on Cognizant Technology Solutions from $86.00 to $68.00 and set a “neutral” rating on the stock in a research note on Tuesday. Nine investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $87.78.

Cognizant Technology Solutions Stock Performance

Shares of Cognizant Technology Solutions stock opened at $61.00 on Thursday. The firm has a market cap of $29.17 billion, a P/E ratio of 13.41, a P/E/G ratio of 1.36 and a beta of 0.98. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 12 month low of $58.83 and a 12 month high of $87.03. The stock’s fifty day moving average price is $65.71 and its 200-day moving average price is $72.68.

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 for the quarter, beating analysts’ consensus estimates 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 company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter last year, the company earned $1.21 earnings per share. The firm’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, equities research analysts expect that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Investors 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 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 is 29.01%.

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.