Thrivent Financial for Lutherans Decreases Holdings in Cognizant Technology Solutions Corporation $CTSH

Thrivent Financial for Lutherans lowered its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 21.3% in the third quarter, Holdings Channel reports. The firm owned 31,066 shares of the information technology service provider’s stock after selling 8,408 shares during the period. Thrivent Financial for Lutherans’ holdings in Cognizant Technology Solutions were worth $2,083,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trinity Legacy Partners LLC increased its stake in Cognizant Technology Solutions by 4.8% during the 3rd quarter. Trinity Legacy Partners LLC now owns 64,286 shares of the information technology service provider’s stock worth $4,685,000 after buying an additional 2,942 shares in the last quarter. Howard Capital Management Inc. boosted its stake in shares of Cognizant Technology Solutions by 8.3% in the third quarter. Howard Capital Management Inc. now owns 62,090 shares of the information technology service provider’s stock worth $4,164,000 after acquiring an additional 4,780 shares during the last quarter. National Pension Service increased its position in shares of Cognizant Technology Solutions by 5.5% during the third quarter. National Pension Service now owns 863,720 shares of the information technology service provider’s stock worth $57,930,000 after purchasing an additional 45,016 shares in the last quarter. Winnow Wealth LLC acquired a new position in Cognizant Technology Solutions in the 3rd quarter valued at $39,000. Finally, High Note Wealth LLC lifted its holdings in Cognizant Technology Solutions by 22,450.0% in the 3rd quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock valued at $30,000 after purchasing an additional 449 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Stock Down 4.9%

Shares of NASDAQ:CTSH opened at $70.91 on Thursday. The company has a market capitalization of $34.22 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 1.62 and a beta of 0.95. Cognizant Technology Solutions Corporation has a 12-month low of $65.15 and a 12-month high of $90.82. The business has a 50-day moving average price of $82.61 and a 200 day moving average price of $74.93. The company has a current ratio of 2.34, a quick ratio of 2.36 and a debt-to-equity ratio of 0.04.

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 for the quarter, topping the consensus estimate of $1.32 by $0.03. The company had revenue of $5.33 billion during 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 firm posted $1.21 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. Sell-side analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 1.9%. Cognizant Technology Solutions’s dividend payout ratio is presently 29.01%.

Insider Transactions at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, CEO Ravi Kumar Singisetti sold 3,125 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $80.01, for a total transaction of $250,031.25. Following the transaction, the chief executive officer directly owned 75,454 shares in the company, valued at $6,037,074.54. This represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO John Sunshin Kim sold 2,500 shares of Cognizant Technology Solutions stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $80.00, for a total value of $200,000.00. Following the completion of the sale, the chief accounting officer directly owned 36,149 shares of the company’s stock, valued at $2,891,920. The trade was a 6.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 29,434 shares of company stock valued at $2,460,809 over the last three months. 0.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Guggenheim reaffirmed a “buy” rating and set a $100.00 target price (up previously from $95.00) on shares of Cognizant Technology Solutions in a report on Wednesday, January 28th. Susquehanna reaffirmed a “positive” rating and set a $98.00 price objective on shares of Cognizant Technology Solutions in a research note on Friday, January 23rd. TD Cowen reissued a “hold” rating and issued a $85.00 target price (up from $84.00) on shares of Cognizant Technology Solutions in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Monday, January 26th. Finally, Mizuho set a $87.00 price objective on Cognizant Technology Solutions in a research note on Monday. Ten equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $90.89.

Cognizant Technology Solutions 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.