ABN Amro Investment Solutions Reduces Position in Cognizant Technology Solutions Corporation $CTSH

ABN Amro Investment Solutions lowered its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 31.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,185 shares of the information technology service provider’s stock after selling 16,340 shares during the quarter. ABN Amro Investment Solutions’ holdings in Cognizant Technology Solutions were worth $2,360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CTSH. Unison Advisors LLC boosted its stake in Cognizant Technology Solutions by 0.5% during the 2nd quarter. Unison Advisors LLC now owns 29,843 shares of the information technology service provider’s stock worth $2,329,000 after purchasing an additional 135 shares during the period. Security National Bank of SO Dak raised its holdings in shares of Cognizant Technology Solutions by 0.6% in the third quarter. Security National Bank of SO Dak now owns 24,785 shares of the information technology service provider’s stock valued at $1,662,000 after buying an additional 150 shares during the last quarter. NewSquare Capital LLC boosted its stake in shares of Cognizant Technology Solutions by 71.8% during the second 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. Haven Private LLC grew its holdings in shares of Cognizant Technology Solutions by 1.9% during the third quarter. Haven Private LLC now owns 8,451 shares of the information technology service provider’s stock worth $567,000 after buying an additional 157 shares during the last quarter. Finally, STF Management LP increased its position in Cognizant Technology Solutions by 2.1% in the 2nd quarter. STF Management LP now owns 7,534 shares of the information technology service provider’s stock valued at $588,000 after acquiring an additional 158 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CTSH has been the subject of a number of recent research reports. Susquehanna reaffirmed a “positive” rating and set a $98.00 price objective on shares of Cognizant Technology Solutions in a research report on Friday, January 23rd. Argus raised Cognizant Technology Solutions to a “hold” rating in a report on Tuesday, February 10th. Royal Bank Of Canada lifted their price objective on shares of 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. UBS Group restated a “neutral” rating and set a $82.00 price objective (up previously from $78.00) on shares of Cognizant Technology Solutions in a research report on Monday, December 8th. Finally, Mizuho set a $87.00 target price on shares of Cognizant Technology Solutions in a report on Monday, February 9th. Ten analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $90.17.

Cognizant Technology Solutions Stock Up 1.1%

CTSH opened at $66.55 on Monday. 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 cap of $32.12 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.44 and a beta of 0.95. Cognizant Technology Solutions Corporation has a one year low of $65.00 and a one year high of $90.82. The business’s fifty day moving average is $82.04 and its two-hundred day moving average is $74.81.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.03. The business 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%.The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter 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. Analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th will be given a $0.33 dividend. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, February 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 27.25%.

Insider Buying and Selling at Cognizant Technology Solutions

In other news, CAO John Sunshin Kim sold 2,500 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $80.00, for a total value of $200,000.00. Following the completion of the transaction, the chief accounting officer directly owned 36,149 shares of the company’s stock, valued at $2,891,920. The trade was a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ravi Kumar Singisetti sold 3,125 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $80.01, for a total value of $250,031.25. Following the completion of the sale, the chief executive officer owned 75,454 shares in the company, valued at $6,037,074.54. This represents a 3.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 29,434 shares of company stock valued at $2,460,809. Company insiders own 0.32% of the company’s stock.

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.