Modern Wealth Management LLC acquired a new position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH – Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 4,512 shares of the information technology service provider’s stock, valued at approximately $345,000.
Several other large investors also recently bought and sold shares of CTSH. Brighton Jones LLC purchased a new stake in Cognizant Technology Solutions during the 4th quarter worth approximately $214,000. Quantinno Capital Management LP increased its stake in Cognizant Technology Solutions by 11.9% during the 4th quarter. Quantinno Capital Management LP now owns 55,511 shares of the information technology service provider’s stock worth $4,269,000 after buying an additional 5,913 shares in the last quarter. Royal Bank of Canada increased its stake in Cognizant Technology Solutions by 34.5% during the 4th quarter. Royal Bank of Canada now owns 789,045 shares of the information technology service provider’s stock worth $60,676,000 after buying an additional 202,522 shares in the last quarter. Toronto Dominion Bank increased its stake in Cognizant Technology Solutions by 46.8% during the 4th quarter. Toronto Dominion Bank now owns 280,064 shares of the information technology service provider’s stock worth $21,537,000 after buying an additional 89,342 shares in the last quarter. Finally, State of Wyoming boosted its holdings in shares of Cognizant Technology Solutions by 248.0% during the 4th quarter. State of Wyoming now owns 5,861 shares of the information technology service provider’s stock worth $451,000 after purchasing an additional 4,177 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.
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Analyst Upgrades and Downgrades
CTSH has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They set a “hold” rating and a $80.00 target price on the stock. Wall Street Zen cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. lowered their target price on Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Guggenheim upgraded Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Friday, July 18th. Finally, Evercore ISI initiated coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They set an “outperform” rating and a $100.00 target price on the stock. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $86.79.
Get Our Latest Analysis on Cognizant Technology Solutions
Cognizant Technology Solutions Trading Down 2.0%
CTSH opened at $69.17 on Monday. Cognizant Technology Solutions Corporation has a one year low of $65.52 and a one year high of $90.82. The stock has a market capitalization of $33.78 billion, a PE ratio of 14.06, a P/E/G ratio of 1.44 and a beta of 0.93. The business’s 50 day moving average price is $72.83 and its 200 day moving average price is $75.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.41.
Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The company had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.17 billion. During the same period in the prior year, the firm earned $1.17 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. As a group, equities research analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.
Cognizant Technology Solutions Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 18th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. Cognizant Technology Solutions’s dividend payout ratio is currently 25.20%.
Cognizant Technology Solutions Company Profile
(Free Report)
Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.
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