Westpac Banking Corp Buys 21,994 Shares of Cognizant Technology Solutions Corporation $CTSH

Westpac Banking Corp lifted its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 38.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,563 shares of the information technology service provider’s stock after acquiring an additional 21,994 shares during the period. Westpac Banking Corp’s holdings in Cognizant Technology Solutions were worth $6,521,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. JPL Wealth Management LLC bought a new position in Cognizant Technology Solutions in the third quarter valued at $25,000. Lodestone Wealth Management LLC bought a new position in Cognizant Technology Solutions in the fourth quarter valued at $28,000. Flagship Harbor Advisors LLC bought a new position in Cognizant Technology Solutions in the fourth quarter valued at $28,000. Physician Wealth Advisors Inc. grew its position in Cognizant Technology Solutions by 165.1% in the fourth quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock valued at $28,000 after purchasing an additional 213 shares in the last quarter. Finally, Towne Trust Company N.A grew its position in Cognizant Technology Solutions by 85.0% in the fourth quarter. Towne Trust Company N.A now owns 370 shares of the information technology service provider’s stock valued at $31,000 after purchasing an additional 170 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Trending Headlines about Cognizant Technology Solutions

Here are the key news stories impacting Cognizant Technology Solutions this week:

• Positive Sentiment: Cognizant expanded its strategic alliance with CrowdStrike to strengthen cybersecurity for AI-driven enterprises, a development that supports its AI and managed services growth narrative. Cognizant and CrowdStrike Expand Strategic Alliance to Secure the Agentic Enterprise
• Positive Sentiment: The company also highlighted new AI-focused roles and training programs, reinforcing its push to position itself as an AI services leader. Cognizant Develops Frontier Certified Engineer and Frontier Business Operator Roles to Define the Next Generation of AI-Powered Work
• Positive Sentiment: Recent commentary from Zacks described CTSH as a strong momentum stock, while analyst coverage has remained mostly constructive with several buy-equivalent ratings and price targets above the current trading range. Here’s Why Cognizant (CTSH) is a Strong Momentum Stock
• Neutral Sentiment: Truist initiated coverage with a hold rating and a $66 target, which is modestly above the recent share price but not a strong near-term catalyst. Truist coverage on Cognizant Technology Solutions
• Neutral Sentiment: Several articles highlighted Cognizant’s CEO and AI strategy, but these were largely thematic and did not include a new financial update or guidance change. Cognizant CEO says AI is remaking middle managers into player-coaches
• Negative Sentiment: Market chatter says the stock is falling because investors are still fixated on softer near-term revenue growth signals from Cognizant’s latest quarterly outlook and cautious analyst recalibrations. Cognizant slides as investors continue to focus on soft near-term growth signals
• Negative Sentiment: One MarketWatch note said CTSH underperformed peers, reinforcing the idea that relative performance remains weak as the market rotates away from the name. Cognizant Technology Solutions Corp. stock underperforms Tuesday when compared to competitors

Cognizant Technology Solutions Stock Performance

Shares of CTSH stock opened at $55.14 on Wednesday. The stock has a market cap of $26.13 billion, a P/E ratio of 11.99, a P/E/G ratio of 1.20 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.23 and a quick ratio of 2.23. The company has a fifty day moving average price of $56.22 and a two-hundred day moving average price of $69.00. Cognizant Technology Solutions Corporation has a one year low of $45.48 and a one year high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. The firm had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.41 billion. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.23 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, equities analysts predict that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th were paid a $0.33 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.4%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.70%.

Cognizant Technology Solutions announced that its board has initiated a share repurchase program on Monday, May 18th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the information technology service provider to reacquire up to 9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms recently weighed in on CTSH. Royal Bank Of Canada raised their target price on shares of Cognizant Technology Solutions from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. Wells Fargo & Company decreased their target price on shares of Cognizant Technology Solutions from $98.00 to $83.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. UBS Group decreased their target price on shares of Cognizant Technology Solutions from $60.00 to $55.00 in a research report on Monday, May 11th. Susquehanna decreased their target price on shares of Cognizant Technology Solutions from $98.00 to $88.00 and set a “positive” rating for the company in a research report on Friday, May 1st. Finally, Mizuho decreased their target price on shares of Cognizant Technology Solutions from $87.00 to $68.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cognizant Technology Solutions presently has an average rating of “Hold” and an average target price of $72.68.

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.