Grantham Mayo Van Otterloo & Co. LLC Reduces Holdings in Cognizant Technology Solutions Corporation $CTSH

Grantham Mayo Van Otterloo & Co. LLC lowered its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 1.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 499,209 shares of the information technology service provider’s stock after selling 8,466 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Cognizant Technology Solutions were worth $33,482,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC acquired a new stake in Cognizant Technology Solutions during the 4th quarter valued at approximately $214,000. Geneos Wealth Management Inc. raised its position in shares of 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 valued at $44,000 after purchasing an additional 309 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Cognizant Technology Solutions during the first quarter worth approximately $142,000. AE Wealth Management LLC grew its position in shares of Cognizant Technology Solutions by 533.9% during the second quarter. AE Wealth Management LLC now owns 107,928 shares of the information technology service provider’s stock worth $8,422,000 after buying an additional 90,902 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its holdings in Cognizant Technology Solutions by 2.2% in the first quarter. Summit Investment Advisors Inc. now owns 21,051 shares of the information technology service provider’s stock valued at $1,610,000 after acquiring an additional 445 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cognizant Technology Solutions

In related news, CEO Ravi Kumar Singisetti sold 2,950 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $85.06, for a total value 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 represents a 3.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Surya Gummadi sold 1,728 shares of Cognizant Technology Solutions stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $83.06, for a total value of $143,527.68. Following the sale, the insider directly owned 25,641 shares in the company, valued at $2,129,741.46. The trade was a 6.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 23,809 shares of company stock worth $2,010,778. Company insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CTSH shares. Berenberg Bank set a $107.00 price objective on shares of Cognizant Technology Solutions and gave the stock a “buy” rating in a report on Thursday, January 22nd. Argus upgraded Cognizant Technology Solutions to a “hold” rating in a research note on Tuesday, February 10th. William Blair upgraded Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research report on Friday, November 21st. Guggenheim reissued a “buy” rating and set a $100.00 price target (up from $95.00) on shares of Cognizant Technology Solutions in a research report on Wednesday, January 28th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $82.00 price objective (up from $78.00) on shares of Cognizant Technology Solutions in a report on Monday, December 8th. Ten 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $90.17.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH opened at $66.26 on Monday. 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 capitalization of $31.69 billion, a PE ratio of 14.56, a P/E/G ratio of 1.44 and a beta of 0.99. Cognizant Technology Solutions Corporation has a 1-year low of $60.03 and a 1-year high of $87.03. The business’s fifty day moving average price is $76.17 and its two-hundred day moving average price is $74.21.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.03. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. On average, research 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 declared a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, February 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 29.01%.

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.