Cognizant Technology Solutions Corporation $CTSH Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 11.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 193,464 shares of the information technology service provider’s stock after acquiring an additional 19,177 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Cognizant Technology Solutions were worth $12,976,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Phoenix Financial Ltd. purchased a new stake in Cognizant Technology Solutions in the 3rd quarter valued at approximately $220,000. LBP AM SA lifted its holdings in shares of Cognizant Technology Solutions by 135.2% in the 3rd quarter. LBP AM SA now owns 257,447 shares of the information technology service provider’s stock valued at $17,267,000 after buying an additional 147,989 shares during the period. Retirement Systems of Alabama boosted its stake in shares of Cognizant Technology Solutions by 11.7% in the third quarter. Retirement Systems of Alabama now owns 1,324,239 shares of the information technology service provider’s stock valued at $88,817,000 after buying an additional 138,191 shares in the last quarter. ARGA Investment Management LP boosted its stake in shares of Cognizant Technology Solutions by 8.9% in the third quarter. ARGA Investment Management LP now owns 140,871 shares of the information technology service provider’s stock valued at $9,448,000 after buying an additional 11,473 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Cognizant Technology Solutions during the third quarter worth $6,376,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Buying and Selling

In other news, Director Michael Patsalos-Fox sold 2,000 shares of Cognizant Technology Solutions stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $84.23, for a total transaction of $168,460.00. Following the completion of the sale, the director directly owned 29,729 shares in the company, valued at $2,504,073.67. The trade was a 6.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO John Sunshin Kim sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $200,000.00. Following the transaction, the chief accounting officer directly owned 36,149 shares in the company, valued at $2,891,920. The trade was a 6.47% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 27,706 shares of company stock worth $2,317,281. 0.32% of the stock is owned by corporate insiders.

Key Stories Impacting Cognizant Technology Solutions

Here are the key news stories impacting Cognizant Technology Solutions this week:

• Positive Sentiment: Cognizant’s Belcan unit (a Cognizant company) is part of the Missile Defense Agency’s SHIELD IDIQ vehicle with a $151B ceiling — a large potential addressable market for engineering, software and defense work that could drive multi-year revenue for Cognizant’s government/defense vertical. Belcan Government Solutions Secures SHIELD Contract
• Positive Sentiment: Press coverage highlights that a Cognizant subsidiary secured a seat on the U.S. missile defense overhaul program — reinforcing the company’s positioning in high-value government programs. Cognizant Wins Seat In Missile Defense Overhaul
• Positive Sentiment: Multi‑year expansion with Kohler to accelerate AI and cloud transformation — this deal reinforces recurring-scope digital engineering and cloud services revenue. Cognizant and Kohler Deepen Strategic Collaboration
• Positive Sentiment: Partnership with Adobe to scale AI-driven content supply chains and governance for enterprise marketing and CX — expands managed services/AI offerings in an addressed TAM likely to support higher-margin work. Cognizant to Accelerate AI-Driven Creativity with Adobe
• Positive Sentiment: Longstanding commercial wins and renewals — 25-year Ace Hardware partnership renewal, Flagstar Bank one‑year partnership update, and a Travel + Leisure collaboration renewal — signal stable client retention and cross-sell opportunities. Cognizant and Ace Hardware Celebrate 25 Years Cognizant and Flagstar Bank Mark One-Year Partnership Cognizant and Travel + Leisure Renew Collaboration
• Neutral Sentiment: Wall Street coverage shows analysts remain moderately optimistic with target prices generally above recent levels, but there’s no widespread consensus upgrade driving the move today. What Are Wall Street Analysts’ Target Price for Cognizant
• Neutral Sentiment: Reported short-interest data in late January appears anomalous/zeroed out and provides no clear pressure signal to explain today’s decline; monitor for updated, reliable short-interest prints before treating this as a factor.

Cognizant Technology Solutions Trading Down 0.5%

Shares of CTSH opened at $82.06 on Friday. Cognizant Technology Solutions Corporation has a 1-year low of $65.15 and a 1-year high of $90.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 2.36. The firm has a 50 day simple moving average of $82.80 and a 200-day simple moving average of $74.93. The stock has a market cap of $39.61 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 1.59 and a beta of 0.96.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.09. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter last year, the business posted $1.25 earnings per share. Cognizant Technology Solutions’s revenue was up 7.5% compared to the same quarter last year. Equities analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. William Blair raised Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a report on Friday, November 21st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $84.00 price target on shares of Cognizant Technology Solutions in a report on Wednesday, October 29th. Mizuho set a $85.00 price objective on shares of Cognizant Technology Solutions in a report on Thursday, October 30th. Citigroup reaffirmed a “neutral” rating and issued a $86.00 target price (up from $75.00) on shares of Cognizant Technology Solutions in a report on Thursday, January 22nd. Finally, UBS Group reiterated a “neutral” rating and set a $82.00 price target (up from $78.00) on shares of Cognizant Technology Solutions in a research report on Monday, December 8th. Nine equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $90.28.

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.