Assenagon Asset Management S.A. Has $160.33 Million Stock Position in Cognizant Technology Solutions Corporation $CTSH

Assenagon Asset Management S.A. boosted its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 62.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,931,740 shares of the information technology service provider’s stock after purchasing an additional 742,090 shares during the quarter. Assenagon Asset Management S.A. owned 0.40% of Cognizant Technology Solutions worth $160,334,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Security National Bank of SO Dak increased its stake in Cognizant Technology Solutions by 0.6% during 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 acquiring an additional 150 shares during the period. Haven Private LLC boosted its position in shares of Cognizant Technology Solutions by 1.9% during the 3rd quarter. Haven Private LLC now owns 8,451 shares of the information technology service provider’s stock valued at $567,000 after acquiring an additional 157 shares in the last quarter. Uncommon Cents Investing LLC grew its stake in shares of Cognizant Technology Solutions by 2.0% in the 3rd quarter. Uncommon Cents Investing LLC now owns 8,400 shares of the information technology service provider’s stock valued at $563,000 after purchasing an additional 165 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in shares of Cognizant Technology Solutions by 3.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,846 shares of the information technology service provider’s stock valued at $325,000 after purchasing an additional 174 shares during the period. Finally, WealthCollab LLC raised its holdings in shares of Cognizant Technology Solutions by 37.1% in the 3rd quarter. WealthCollab LLC now owns 643 shares of the information technology service provider’s stock worth $43,000 after buying an additional 174 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CTSH has been the topic of several recent analyst reports. Berenberg Bank set a $107.00 price target on Cognizant Technology Solutions and gave the company a “buy” rating in a research note on Thursday, January 22nd. Morgan Stanley increased their price objective on Cognizant Technology Solutions from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Mizuho set a $87.00 price objective on Cognizant Technology Solutions in a report on Monday, February 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Monday, January 26th. Finally, BMO Capital Markets set a $83.00 target price on shares of Cognizant Technology Solutions in a research report on Thursday, February 12th. Nine equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, Cognizant Technology Solutions currently has an average rating of “Hold” and a consensus price target of $88.78.

Insider Transactions at Cognizant Technology Solutions

In other news, Director Michael Patsalos-Fox sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $85.30, for a total transaction of $341,200.00. Following the transaction, the director directly owned 37,729 shares in the company, valued at approximately $3,218,283.70. This represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Surya Gummadi sold 1,728 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $83.06, for a total transaction of $143,527.68. Following the sale, the insider directly owned 25,641 shares in the company, valued at $2,129,741.46. This trade represents a 6.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 10,859 shares of company stock valued at $916,660. Insiders own 0.32% of the company’s stock.

Cognizant Technology Solutions Trading Down 0.2%

CTSH stock opened at $61.94 on Tuesday. The business has a fifty day moving average price of $71.31 and a 200 day moving average price of $73.43. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.14 and a quick ratio of 2.14. Cognizant Technology Solutions Corporation has a fifty-two week low of $59.35 and a fifty-two week high of $87.03. The stock has a market capitalization of $29.62 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 1.35 and a beta of 1.00.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, February 4th. The information technology service provider reported $1.35 EPS for the quarter, topping 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 company had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.31 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The business’s revenue 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. Analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, February 18th. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. Cognizant Technology Solutions’s dividend payout ratio is 29.01%.

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.