Kepler Cheuvreux Suisse SA Acquires New Position in Cognizant Technology Solutions Corporation $CTSH

Kepler Cheuvreux Suisse SA acquired a new stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 188,766 shares of the information technology service provider’s stock, valued at approximately $12,661,000.

Several other hedge funds also recently made changes to their positions in CTSH. Security National Bank of SO Dak increased its holdings in shares of Cognizant Technology Solutions by 0.6% in the 3rd quarter. Security National Bank of SO Dak now owns 24,785 shares of the information technology service provider’s stock valued at $1,662,000 after acquiring an additional 150 shares during the last quarter. Haven Private LLC lifted its stake in Cognizant Technology Solutions by 1.9% during the third quarter. Haven Private LLC now owns 8,451 shares of the information technology service provider’s stock worth $567,000 after purchasing an additional 157 shares during the last quarter. STF Management LP boosted its holdings in Cognizant Technology Solutions by 2.1% in the second quarter. STF Management LP now owns 7,534 shares of the information technology service provider’s stock worth $588,000 after purchasing an additional 158 shares during the period. Uncommon Cents Investing LLC raised its holdings in shares of Cognizant Technology Solutions by 2.0% during the third quarter. Uncommon Cents Investing LLC now owns 8,400 shares of the information technology service provider’s stock worth $563,000 after purchasing an additional 165 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Cognizant Technology Solutions by 3.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,846 shares of the information technology service provider’s stock worth $325,000 after buying an additional 174 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CTSH shares. Wells Fargo & Company reaffirmed an “overweight” rating and set a $98.00 price objective (up from $87.00) on shares of Cognizant Technology Solutions in a research report on Wednesday, January 14th. Mizuho set a $87.00 target price on shares of Cognizant Technology Solutions in a report on Monday, February 9th. William Blair raised Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a report on Friday, November 21st. Citigroup reiterated a “neutral” rating and set a $86.00 price target (up from $75.00) on shares of Cognizant Technology Solutions in a research report on Thursday, January 22nd. Finally, Morgan Stanley raised their price target on Cognizant Technology Solutions from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Ten research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, Cognizant Technology Solutions presently has a consensus rating of “Hold” and an average price target of $90.17.

Cognizant Technology Solutions Trading Down 2.6%

Shares of NASDAQ:CTSH opened at $62.98 on Wednesday. The company has a market cap of $30.12 billion, a PE ratio of 13.84, a P/E/G ratio of 1.40 and a beta of 0.99. The company’s 50-day moving average price is $75.34 and its 200 day moving average price is $74.10. Cognizant Technology Solutions Corporation has a fifty-two week low of $60.03 and a fifty-two week high of $87.03. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 EPS for the quarter, topping 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 firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.31 billion. During the same quarter in the prior year, the firm earned $1.21 EPS. Cognizant Technology Solutions’s quarterly revenue was up 4.9% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. Sell-side analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Wednesday, February 18th were issued a $0.33 dividend. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.1%. Cognizant Technology Solutions’s dividend payout ratio is currently 29.01%.

Insider Activity at Cognizant Technology Solutions

In other news, Director Michael Patsalos-Fox sold 2,000 shares of the stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $84.23, for a total value of $168,460.00. Following the completion of the transaction, the director owned 29,729 shares of the company’s stock, valued at approximately $2,504,073.67. This represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Surya Gummadi sold 1,728 shares of the firm’s 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 transaction, the insider directly owned 25,641 shares in the company, valued at $2,129,741.46. This trade represents a 6.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,809 shares of company stock worth $2,010,778 in the last three months. 0.32% of the stock is owned by company insiders.

About Cognizant Technology Solutions

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.