Assetmark Inc. Decreases Holdings in Cognizant Technology Solutions Corporation $CTSH

Assetmark Inc. reduced its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 563,708 shares of the information technology service provider’s stock after selling 12,545 shares during the period. Assetmark Inc. owned 0.12% of Cognizant Technology Solutions worth $46,788,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. JPL Wealth Management LLC acquired a new position in shares of Cognizant Technology Solutions during the 3rd quarter worth approximately $25,000. Lodestone Wealth Management LLC acquired a new position in shares of Cognizant Technology Solutions during the 4th quarter worth approximately $28,000. Flagship Harbor Advisors LLC acquired a new position in shares of Cognizant Technology Solutions during the 4th quarter worth approximately $28,000. High Note Wealth LLC raised its position in shares of Cognizant Technology Solutions by 22,450.0% during the 3rd quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock worth $30,000 after purchasing an additional 449 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Cognizant Technology Solutions during the 4th quarter worth approximately $32,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CTSH has been the subject of several research reports. BMO Capital Markets set a $83.00 price objective on Cognizant Technology Solutions in a research report on Thursday, February 12th. UBS Group cut their price objective on Cognizant Technology Solutions from $67.00 to $64.00 and set a “neutral” rating for the company in a research report on Monday. Mizuho set a $87.00 price objective on Cognizant Technology Solutions in a research report on Monday, February 9th. Argus upgraded Cognizant Technology Solutions to a “hold” rating in a research report on Tuesday, February 10th. Finally, Berenberg Bank set a $107.00 price objective on Cognizant Technology Solutions and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Nine research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cognizant Technology Solutions presently has a consensus rating of “Hold” and an average price target of $85.47.

Cognizant Technology Solutions Trading Down 0.8%

Shares of CTSH opened at $60.04 on Wednesday. The stock has a fifty day moving average of $64.02 and a two-hundred day moving average of $72.48. 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 company has a market capitalization of $28.71 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 1.31 and a beta of 0.98. Cognizant Technology Solutions Corporation has a fifty-two week low of $57.39 and a fifty-two week high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.03. The company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.31 billion. Cognizant Technology Solutions had a return on equity of 17.17% and a net margin of 10.56%.Cognizant Technology Solutions’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.21 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. As a group, analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The company also recently disclosed 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 2.2%. The ex-dividend date 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 currently 29.01%.

Insider Activity at Cognizant Technology Solutions

In other news, insider Surya Gummadi sold 1,728 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $83.06, for a total transaction of $143,527.68. Following the completion of the sale, the insider directly owned 25,641 shares in the company, valued at $2,129,741.46. This represents a 6.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.32% of the stock is currently owned by insiders.

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.