Campbell Newman Asset Management Inc. Sells 8,942 Shares of Cognizant Technology Solutions Corporation $CTSH

Campbell Newman Asset Management Inc. decreased its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 3.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 233,518 shares of the information technology service provider’s stock after selling 8,942 shares during the quarter. Cognizant Technology Solutions accounts for approximately 1.4% of Campbell Newman Asset Management Inc.’s holdings, making the stock its 29th biggest holding. Campbell Newman Asset Management Inc.’s holdings in Cognizant Technology Solutions were worth $19,382,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CTSH. CIBC Bancorp USA Inc. acquired a new position in Cognizant Technology Solutions during the 3rd quarter worth about $201,834,000. Voloridge Investment Management LLC lifted its position in Cognizant Technology Solutions by 801.4% during the 3rd quarter. Voloridge Investment Management LLC now owns 2,104,276 shares of the information technology service provider’s stock worth $141,134,000 after buying an additional 1,870,834 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in Cognizant Technology Solutions by 144.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,631,890 shares of the information technology service provider’s stock worth $176,521,000 after buying an additional 1,554,648 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Cognizant Technology Solutions by 59.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,778,252 shares of the information technology service provider’s stock worth $253,407,000 after buying an additional 1,407,776 shares in the last quarter. Finally, Invesco Ltd. lifted its position 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 worth $840,669,000 after buying an additional 987,395 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insiders Place Their Bets

In related news, insider Surya Gummadi sold 1,728 shares of Cognizant Technology Solutions stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $83.06, for a total transaction of $143,527.68. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Mizuho set a $87.00 price target on shares of Cognizant Technology Solutions in a research report on Monday, February 9th. Argus upgraded shares of Cognizant Technology Solutions to a “hold” rating in a research report on Tuesday, February 10th. Wedbush began coverage on shares of Cognizant Technology Solutions in a research report on Thursday, April 9th. They set a “neutral” rating and a $61.00 price target on the stock. BMO Capital Markets set a $83.00 target price on shares of Cognizant Technology Solutions in a research report on Thursday, February 12th. Finally, Weiss Ratings downgraded shares of Cognizant Technology Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. Nine research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, Cognizant Technology Solutions presently has a consensus rating of “Hold” and an average price target of $85.47.

Cognizant Technology Solutions Stock Performance

Cognizant Technology Solutions stock opened at $60.53 on Friday. 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 1 year low of $57.39 and a 1 year high of $87.03. The company has a market cap of $28.95 billion, a PE ratio of 13.30, a PEG ratio of 1.31 and a beta of 0.98. The company’s 50-day moving average is $63.37 and its two-hundred day moving average is $72.32.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share (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 company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same period in the prior year, the company posted $1.21 EPS. The company’s revenue 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 anticipate 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. Investors of record on Wednesday, February 18th were paid 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 29.01%.

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.