Andra AP fonden Acquires 172,100 Shares of Cognizant Technology Solutions Corporation $CTSH

Andra AP fonden grew its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 32.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 709,449 shares of the information technology service provider’s stock after buying an additional 172,100 shares during the period. Andra AP fonden owned 0.15% of Cognizant Technology Solutions worth $47,583,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CTSH. DNB Asset Management AS lifted its position in shares of Cognizant Technology Solutions by 4.3% in the third quarter. DNB Asset Management AS now owns 100,562 shares of the information technology service provider’s stock worth $6,745,000 after buying an additional 4,157 shares in the last quarter. Westpac Banking Corp boosted its stake in shares of Cognizant Technology Solutions by 20.9% during the 3rd quarter. Westpac Banking Corp now owns 56,569 shares of the information technology service provider’s stock worth $3,794,000 after purchasing an additional 9,779 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Cognizant Technology Solutions by 4.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,025,363 shares of the information technology service provider’s stock valued at $68,771,000 after purchasing an additional 44,049 shares during the last quarter. AlphaCore Capital LLC boosted its holdings in Cognizant Technology Solutions by 72.2% during the 3rd quarter. AlphaCore Capital LLC now owns 3,360 shares of the information technology service provider’s stock valued at $225,000 after acquiring an additional 1,409 shares during the period. Finally, Intech Investment Management LLC lifted its position in shares of Cognizant Technology Solutions by 2.0% during the third quarter. Intech Investment Management LLC now owns 20,456 shares of the information technology service provider’s stock worth $1,372,000 after purchasing an additional 394 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Up 5.9%

CTSH opened at $64.97 on Friday. Cognizant Technology Solutions Corporation has a twelve month low of $60.03 and a twelve month high of $87.03. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $78.62 and a 200 day moving average price of $74.36. The company has a market cap of $31.07 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 1.33 and a beta of 0.95.

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. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The business had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.31 billion. During the same period in the prior year, the business earned $1.21 earnings per share. The company’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. Sell-side analysts expect that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.0%. The ex-dividend date was 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 (DPR) is presently 29.01%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CTSH shares. Deutsche Bank Aktiengesellschaft upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a report on Monday, January 26th. Susquehanna reaffirmed a “positive” rating and set a $98.00 price target on shares of Cognizant Technology Solutions in a research report on Friday, January 23rd. Morgan Stanley raised their price objective on Cognizant Technology Solutions from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Citigroup restated a “neutral” rating and set a $86.00 target price (up from $75.00) on shares of Cognizant Technology Solutions in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada upped their target price 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. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, Cognizant Technology Solutions has a consensus rating of “Hold” and a consensus target price of $90.17.

Insiders Place Their Bets

In other Cognizant Technology Solutions news, CEO Ravi Kumar Singisetti sold 3,125 shares of Cognizant Technology Solutions stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $80.01, for a total transaction of $250,031.25. Following the completion of the sale, the chief executive officer directly owned 75,454 shares in the company, valued at $6,037,074.54. This trade represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Patsalos-Fox sold 7,000 shares of Cognizant Technology Solutions stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $83.52, for a total value of $584,640.00. Following the completion of the sale, the director directly owned 47,729 shares of the company’s stock, valued at $3,986,326.08. The trade was a 12.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 29,434 shares of company stock valued at $2,460,809. 0.32% of the stock is currently owned by insiders.

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.