Cognizant Technology Solutions Corporation $CTSH Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 4.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 348,412 shares of the information technology service provider’s stock after purchasing an additional 14,905 shares during the quarter. Teacher Retirement System of Texas owned about 0.07% of Cognizant Technology Solutions worth $23,368,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CTSH. Hilltop National Bank purchased a new stake in shares of Cognizant Technology Solutions during the 2nd quarter valued at $27,000. NewSquare Capital LLC boosted its holdings in Cognizant Technology Solutions by 71.8% in the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock valued at $29,000 after acquiring an additional 153 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in Cognizant Technology Solutions by 267.7% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 603 shares of the information technology service provider’s stock valued at $40,000 after acquiring an additional 439 shares during the period. Root Financial Partners LLC purchased a new stake in Cognizant Technology Solutions during the third quarter valued at about $41,000. Finally, Geneos Wealth Management Inc. increased its stake in Cognizant Technology Solutions by 118.8% during the first quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock worth $44,000 after acquiring an additional 309 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Performance

NASDAQ:CTSH opened at $84.18 on Friday. The firm has a 50-day moving average of $81.71 and a two-hundred day moving average of $74.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 2.36. The stock has a market cap of $40.63 billion, a P/E ratio of 19.53, a PEG ratio of 1.62 and a beta of 0.96. Cognizant Technology Solutions Corporation has a 1-year low of $65.15 and a 1-year high of $90.82.

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

Cognizant Technology Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 18th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, November 18th. Cognizant Technology Solutions’s dividend payout ratio is 28.77%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CTSH. TD Cowen reaffirmed a “hold” rating on shares of Cognizant Technology Solutions in a research note on Friday, January 9th. Royal Bank Of Canada reduced their price target on shares of Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 30th. Guggenheim reissued a “buy” rating and issued a $85.00 price objective (down previously from $90.00) on shares of Cognizant Technology Solutions in a research report on Tuesday, October 21st. Wells Fargo & Company reissued an “overweight” rating and issued a $98.00 target price (up previously from $87.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $88.22.

Insider Transactions at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, CEO Ravi Kumar Singisetti sold 2,950 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $85.06, for a total transaction of $250,927.00. Following the completion of the transaction, the chief executive officer directly owned 75,209 shares of the company’s stock, valued at $6,397,277.54. This trade represents a 3.77% decrease in their position. 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 2,000 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $84.23, for a total transaction of $168,460.00. Following the completion of the sale, the director directly owned 29,729 shares of the company’s stock, valued at $2,504,073.67. The trade was a 6.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 30,206 shares of company stock valued at $2,505,231. 0.32% of the stock is currently owned by corporate insiders.

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.