NEOS Investment Management LLC Acquires 92,863 Shares of Cognizant Technology Solutions Corporation $CTSH

NEOS Investment Management LLC increased its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 67.6% during the third quarter, according to its most recent filing with the SEC. The fund owned 230,207 shares of the information technology service provider’s stock after buying an additional 92,863 shares during the quarter. NEOS Investment Management LLC’s holdings in Cognizant Technology Solutions were worth $15,440,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp grew its position in shares of Cognizant Technology Solutions by 0.6% in the second quarter. State Street Corp now owns 25,381,572 shares of the information technology service provider’s stock valued at $1,980,524,000 after purchasing an additional 157,427 shares in the last quarter. AustralianSuper Pty Ltd bought a new position in Cognizant Technology Solutions in the 3rd quarter worth about $4,422,000. Thrivent Financial for Lutherans grew its holdings in Cognizant Technology Solutions by 60.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 39,474 shares of the information technology service provider’s stock valued at $3,079,000 after buying an additional 14,946 shares in the last quarter. Summit Global Investments increased its position in shares of Cognizant Technology Solutions by 245.1% during the second quarter. Summit Global Investments now owns 35,588 shares of the information technology service provider’s stock valued at $2,777,000 after buying an additional 25,276 shares during the period. Finally, Alps Advisors Inc. lifted its holdings in shares of Cognizant Technology Solutions by 16.5% in the third quarter. Alps Advisors Inc. now owns 306,078 shares of the information technology service provider’s stock worth $20,529,000 after buying an additional 43,252 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Insider Transactions at Cognizant Technology Solutions

In related news, CEO Ravi Kumar Singisetti sold 2,950 shares of the 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 transaction, the chief executive officer owned 75,209 shares of the company’s stock, valued at approximately $6,397,277.54. This trade represents a 3.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $200,000.00. Following the completion of the sale, the chief accounting officer directly owned 36,149 shares of the company’s stock, valued at $2,891,920. This represents a 6.47% 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 in the last three months. Corporate insiders own 0.32% of the company’s stock.

Cognizant Technology Solutions Stock Performance

NASDAQ CTSH opened at $65.18 on Wednesday. Cognizant Technology Solutions Corporation has a 52-week low of $64.61 and a 52-week high of $90.00. The company has a fifty day moving average of $81.44 and a 200-day moving average of $74.74. The company has a market capitalization of $31.46 billion, a P/E ratio of 14.33, a P/E/G 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.

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 for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $5.31 billion. During the same quarter last year, the business posted $1.21 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. As a group, equities research analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The company 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. This represents a $1.32 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, February 18th. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. Cognizant Technology Solutions’s dividend payout ratio is presently 27.25%.

Wall Street Analysts Forecast Growth

CTSH has been the subject of several recent analyst reports. Susquehanna reaffirmed a “positive” rating and set a $98.00 price objective on shares of Cognizant Technology Solutions in a research note on Friday, January 23rd. Royal Bank Of Canada boosted their price target 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. Citigroup reaffirmed a “neutral” rating and issued a $86.00 price target (up previously from $75.00) on shares of Cognizant Technology Solutions in a report on Thursday, January 22nd. The Goldman Sachs Group reissued a “neutral” rating and set a $84.00 price objective on shares of Cognizant Technology Solutions in a research note on Wednesday, October 29th. Finally, UBS Group restated a “neutral” rating and issued a $82.00 target price (up from $78.00) on shares of Cognizant Technology Solutions in a research note on Monday, December 8th. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, Cognizant Technology Solutions currently has a consensus rating of “Hold” and a consensus price target of $90.17.

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.