75,549 Shares in Cognizant Technology Solutions Corporation $CTSH Acquired by Employees Retirement System of Texas

Employees Retirement System of Texas purchased a new stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 75,549 shares of the information technology service provider’s stock, valued at approximately $5,895,000.

Other large investors also recently made changes to their positions in the company. Hilltop National Bank purchased a new stake in shares of Cognizant Technology Solutions in the second quarter valued at $27,000. NewSquare Capital LLC lifted its position in Cognizant Technology Solutions by 71.8% during the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock worth $29,000 after buying an additional 153 shares during the period. Geneos Wealth Management Inc. boosted its stake in Cognizant Technology Solutions by 118.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock worth $44,000 after buying an additional 309 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of Cognizant Technology Solutions during the 1st quarter valued at about $61,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Cognizant Technology Solutions during the 1st quarter worth about $66,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CTSH shares. William Blair upgraded shares of Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a report on Friday, November 21st. JPMorgan Chase & Co. lifted their price target on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Mizuho set a $85.00 price objective on Cognizant Technology Solutions in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a report on Wednesday, November 19th. Finally, UBS Group set a $78.00 price target on Cognizant Technology Solutions and gave the company a “neutral” rating in a research report on Thursday, October 30th. Seven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $85.19.

Insider Transactions at Cognizant Technology Solutions

In other news, CAO John Sunshin Kim sold 2,500 shares of Cognizant Technology Solutions stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $75.18, for a total transaction of $187,950.00. Following the sale, the chief accounting officer owned 36,630 shares in the company, valued at $2,753,843.40. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.32% of the stock is owned by company insiders.

Cognizant Technology Solutions Stock Up 0.8%

Shares of Cognizant Technology Solutions stock opened at $77.05 on Thursday. Cognizant Technology Solutions Corporation has a twelve month low of $65.15 and a twelve month high of $90.82. The stock has a market cap of $37.19 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.47 and a beta of 0.98. The company has a current ratio of 2.36, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average price of $69.96 and a 200 day moving average price of $73.66.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, October 29th. The information technology service provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.30 by $0.09. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same period last year, the company posted $1.25 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. Equities research analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, November 18th. Cognizant Technology Solutions’s dividend payout ratio is currently 28.77%.

Cognizant Technology Solutions Profile

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.