Cognizant Technology Solutions Corporation $CTSH Holdings Decreased by Assetmark Inc.

Assetmark Inc. lowered its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 3.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 576,253 shares of the information technology service provider’s stock after selling 18,187 shares during the period. Assetmark Inc. owned about 0.12% of Cognizant Technology Solutions worth $38,649,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. NewSquare Capital LLC increased its position in Cognizant Technology Solutions by 71.8% in the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock worth $29,000 after buying an additional 153 shares during the period. High Note Wealth LLC grew its position in Cognizant Technology Solutions by 22,450.0% in the third quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock valued at $30,000 after acquiring an additional 449 shares during the period. Winnow Wealth LLC acquired a new position in Cognizant Technology Solutions during the third quarter worth $39,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Cognizant Technology Solutions by 267.7% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 603 shares of the information technology service provider’s stock valued at $40,000 after purchasing an additional 439 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new position in shares of Cognizant Technology Solutions in the 3rd quarter worth approximately $41,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Transactions at Cognizant Technology Solutions

In other news, CEO Ravi Kumar Singisetti sold 2,950 shares of the business’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $85.06, for a total transaction of $250,927.00. Following the completion of the transaction, the chief executive officer directly owned 75,209 shares in the company, valued at $6,397,277.54. The trade was a 3.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Patsalos-Fox sold 2,000 shares of Cognizant Technology Solutions stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $84.23, for a total value of $168,460.00. Following the sale, the director directly owned 29,729 shares of the company’s stock, valued at approximately $2,504,073.67. This trade represents a 6.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 29,434 shares of company stock valued at $2,460,809. Corporate insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CTSH. Royal Bank Of Canada increased their price objective on Cognizant Technology Solutions from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. William Blair upgraded Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a report on Friday, November 21st. Berenberg Bank set a $107.00 price target on shares of Cognizant Technology Solutions and gave the company a “buy” rating in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Monday, January 26th. Finally, Citigroup reiterated a “neutral” rating and issued a $86.00 price target (up previously from $75.00) on shares of Cognizant Technology Solutions in a research note on Thursday, January 22nd. Ten investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $90.17.

Cognizant Technology Solutions Stock Up 1.1%

Shares of NASDAQ:CTSH opened at $66.55 on Friday. The company has a market capitalization of $32.12 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 1.43 and a beta of 0.95. Cognizant Technology Solutions Corporation has a 1 year low of $65.00 and a 1 year high of $90.82. The business’s 50-day moving average is $82.04 and its 200-day moving average is $74.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.34 and a quick ratio of 2.36.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. The business had revenue of $5.33 billion during 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%.The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. Equities research analysts predict that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. Cognizant Technology Solutions’s payout ratio is currently 27.25%.

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.