Cognizant Technology Solutions Corporation $CTSH Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ grew its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 104.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 310,354 shares of the information technology service provider’s stock after purchasing an additional 158,296 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.06% of Cognizant Technology Solutions worth $20,812,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Cognizant Technology Solutions during the second quarter valued at about $487,526,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Cognizant Technology Solutions by 59.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,778,252 shares of the information technology service provider’s stock worth $253,407,000 after acquiring an additional 1,407,776 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new position in Cognizant Technology Solutions in the second quarter valued at about $59,176,000. Vanguard Group Inc. grew its stake in Cognizant Technology Solutions by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 59,854,530 shares of the information technology service provider’s stock valued at $4,670,449,000 after purchasing an additional 746,732 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in Cognizant Technology Solutions by 54.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,705,729 shares of the information technology service provider’s stock worth $133,098,000 after purchasing an additional 600,208 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in 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. JPMorgan Chase & Co. raised their price objective on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. UBS Group reissued a “neutral” rating and issued a $82.00 target price (up previously from $78.00) on shares of Cognizant Technology Solutions in a research report on Monday, December 8th. Weiss Ratings upgraded shares of Cognizant Technology Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 6th. Finally, TD Cowen reiterated a “hold” rating and issued a $85.00 price target (up from $84.00) on shares of Cognizant Technology Solutions in a research note on Thursday, February 5th. Ten analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $90.17.

Cognizant Technology Solutions Stock Performance

CTSH stock opened at $65.18 on Wednesday. Cognizant Technology Solutions Corporation has a 1 year low of $64.61 and a 1 year high of $90.00. The stock has a market capitalization of $31.46 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 1.44 and a beta of 0.95. 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 stock’s fifty day moving average is $81.44 and its two-hundred day moving average is $74.74.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued 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 net margin of 10.56% and a return on equity of 17.17%. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same period last year, the firm posted $1.21 EPS. Cognizant Technology Solutions’s quarterly 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. On average, research analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Wednesday, February 18th will be given a $0.33 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $1.32 annualized dividend and a 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 27.25%.

Insiders Place Their Bets

In related news, CAO John Sunshin Kim sold 2,500 shares of the stock in a transaction dated Thursday, December 4th. The shares were 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 owned 36,149 shares in the company, valued at $2,891,920. This represents a 6.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 transaction of $250,927.00. Following the sale, the chief executive officer owned 75,209 shares in the company, valued at $6,397,277.54. This trade represents a 3.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 29,434 shares of company stock worth $2,460,809 over the last 90 days. 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.