AE Wealth Management LLC Has $2.73 Million Stake in Cognizant Technology Solutions Corporation $CTSH

AE Wealth Management LLC reduced its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 23.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,885 shares of the information technology service provider’s stock after selling 10,122 shares during the period. AE Wealth Management LLC’s holdings in Cognizant Technology Solutions were worth $2,730,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in Cognizant Technology Solutions during the 4th quarter valued at approximately $214,000. Geneos Wealth Management Inc. increased its position in shares of Cognizant Technology Solutions by 118.8% during the first quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock worth $44,000 after buying an additional 309 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Cognizant Technology Solutions during the first quarter worth $142,000. Cresset Asset Management LLC raised its stake in Cognizant Technology Solutions by 11.4% during the second quarter. Cresset Asset Management LLC now owns 9,160 shares of the information technology service provider’s stock worth $715,000 after buying an additional 935 shares during the last quarter. Finally, Jump Financial LLC lifted its holdings in Cognizant Technology Solutions by 231.4% in the second quarter. Jump Financial LLC now owns 29,667 shares of the information technology service provider’s stock valued at $2,315,000 after buying an additional 20,716 shares during the period. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH opened at $60.26 on Tuesday. The company has a market capitalization of $28.82 billion, a PE ratio of 13.24, a PEG ratio of 1.33 and a beta of 0.98. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average price is $62.77 and its 200-day moving average price is $72.31. Cognizant Technology Solutions Corporation has a twelve month low of $57.39 and a twelve month 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 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. The business had revenue of $5.33 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $1.21 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. On average, equities analysts anticipate that Cognizant Technology Solutions Corporation will post 5.65 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th were given a $0.33 dividend. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, February 18th. Cognizant Technology Solutions’s payout ratio is presently 29.01%.

Insiders Place Their Bets

In other Cognizant Technology Solutions news, insider Surya Gummadi sold 1,728 shares of the business’s stock in a transaction dated 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 directly owned 25,641 shares in the company, valued at $2,129,741.46. The trade was a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Robert W. Baird set a $72.00 price target on shares of Cognizant Technology Solutions and gave the company a “neutral” rating in a research report on Friday, April 10th. Guggenheim reiterated a “buy” rating and issued a $100.00 price target (up from $95.00) on shares of Cognizant Technology Solutions in a report on Wednesday, January 28th. Mizuho set a $87.00 price target on shares of Cognizant Technology Solutions in a research report on Monday, February 9th. Argus raised Cognizant Technology Solutions to a “hold” rating in a research report on Tuesday, February 10th. Finally, Royal Bank Of Canada lifted their price objective 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. Nine investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, Cognizant Technology Solutions presently has an average rating of “Hold” and an average target price of $85.47.

About Cognizant Technology Solutions

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.