Caprock Group LLC Takes Position in Cognizant Technology Solutions Corporation $CTSH

Caprock Group LLC bought a new position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,348 shares of the information technology service provider’s stock, valued at approximately $964,000.

Several other large investors have also recently bought and sold shares of CTSH. NewSquare Capital LLC boosted its holdings 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 acquiring an additional 153 shares during the period. High Note Wealth LLC boosted its stake in Cognizant Technology Solutions by 22,450.0% in the 3rd quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock valued at $30,000 after purchasing an additional 449 shares during the period. Winnow Wealth LLC acquired a new position in Cognizant Technology Solutions in the 3rd quarter valued at $39,000. E Fund Management Hong Kong Co. Ltd. increased its position 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 worth $40,000 after buying an additional 439 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in shares of Cognizant Technology Solutions during the third quarter worth $41,000. 92.44% of the stock is owned by institutional investors.

Insider Activity at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, insider Surya Gummadi sold 1,728 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $83.06, for a total value of $143,527.68. Following the completion of the transaction, the insider owned 25,641 shares of the company’s stock, valued at $2,129,741.46. This represents a 6.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ravi Kumar Singisetti sold 2,950 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $85.06, for a total value of $250,927.00. Following the sale, the chief executive officer owned 75,209 shares in the company, valued at approximately $6,397,277.54. This trade represents a 3.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 29,434 shares of company stock worth $2,460,809. Corporate insiders own 0.32% of the company’s stock.

Cognizant Technology Solutions Trading Up 1.1%

Shares of 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. Cognizant Technology Solutions Corporation has a 52-week low of $65.00 and a 52-week high of $90.82. The firm 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. The business’s fifty day moving average is $82.04 and its 200-day moving average is $74.81.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.03. Cognizant Technology Solutions had a return on equity of 17.17% and a net margin of 10.56%.The business had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.31 billion. During the same period last year, the firm posted $1.21 earnings per share. Cognizant Technology Solutions’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 EPS for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

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

Analysts Set New Price Targets

A number of research firms recently commented on CTSH. Berenberg Bank set a $107.00 price target on shares of Cognizant Technology Solutions and gave the stock a “buy” rating in a research report on Thursday, January 22nd. UBS Group reaffirmed a “neutral” rating and set a $82.00 target price (up from $78.00) on shares of Cognizant Technology Solutions in a report on Monday, December 8th. Morgan Stanley lifted their price target on shares of Cognizant Technology Solutions from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. BMO Capital Markets set a $83.00 price target on Cognizant Technology Solutions in a research report on Thursday. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $84.00 price objective on shares of Cognizant Technology Solutions in a research note on Wednesday, October 29th. Ten investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $90.17.

Cognizant Technology Solutions Company 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.