Banque Pictet & Cie SA Makes New $2.77 Million Investment in Cognizant Technology Solutions Corporation $CTSH

Banque Pictet & Cie SA bought a new stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 33,342 shares of the information technology service provider’s stock, valued at approximately $2,767,000.

Other institutional investors also recently made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Cognizant Technology Solutions by 217.4% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 15,430 shares of the information technology service provider’s stock worth $1,281,000 after purchasing an additional 10,568 shares during the period. Retireful LLC acquired a new stake in shares of Cognizant Technology Solutions in the fourth quarter valued at about $269,000. Lodestone Wealth Management LLC purchased a new stake in Cognizant Technology Solutions during the fourth quarter worth about $28,000. Frank Rimerman Advisors LLC boosted its holdings in Cognizant Technology Solutions by 23.8% during the fourth quarter. Frank Rimerman Advisors LLC now owns 6,781 shares of the information technology service provider’s stock worth $563,000 after buying an additional 1,304 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Cognizant Technology Solutions by 3.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 191,380 shares of the information technology service provider’s stock worth $15,885,000 after buying an additional 7,057 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Stock Performance

NASDAQ:CTSH opened at $62.54 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a market cap of $29.91 billion, a PE ratio of 13.75, a P/E/G ratio of 1.33 and a beta of 0.98. The firm has a 50 day simple moving average of $67.52 and a 200-day simple moving average of $72.85. Cognizant Technology Solutions Corporation has a 1-year low of $58.83 and a 1-year high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. The firm had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.31 billion. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. Cognizant Technology Solutions’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.21 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. On average, equities analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th were 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 dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, February 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 29.01%.

Insider Buying and Selling at Cognizant Technology Solutions

In related news, Director Michael Patsalos-Fox sold 2,000 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $84.23, for a total value of $168,460.00. Following the completion of the transaction, the director directly owned 29,729 shares in the company, valued at approximately $2,504,073.67. This represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Surya Gummadi sold 1,728 shares of the 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 transaction, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,859 shares of company stock valued at $319,950 over the last quarter. Insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Citigroup reiterated a “neutral” rating and set a $86.00 price target (up from $75.00) on shares of Cognizant Technology Solutions in a research report on Thursday, January 22nd. Mizuho set a $87.00 price target on Cognizant Technology Solutions in a report on Monday, February 9th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $98.00 price objective (up from $87.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, January 14th. Guggenheim reaffirmed a “buy” rating and set a $100.00 price objective (up from $95.00) on shares of Cognizant Technology Solutions in a report on Wednesday, January 28th. Finally, BMO Capital Markets set a $83.00 target price on Cognizant Technology Solutions in a research report on Thursday, February 12th. Nine research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $88.78.

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.