Sumitomo Mitsui Trust Group Inc. Has $79.30 Million Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Sumitomo Mitsui Trust Group Inc. lowered its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 5.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,292,509 shares of the information technology service provider’s stock after selling 77,972 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Cognizant Technology Solutions were worth $79,295,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. JPL Wealth Management LLC bought a new position in Cognizant Technology Solutions in the third quarter worth $25,000. Lodestone Wealth Management LLC bought a new stake in Cognizant Technology Solutions in the 4th quarter valued at $28,000. Flagship Harbor Advisors LLC acquired a new position in shares of Cognizant Technology Solutions in the 4th quarter valued at $28,000. Physician Wealth Advisors Inc. lifted its holdings in shares of Cognizant Technology Solutions by 165.1% during the 4th quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock worth $28,000 after acquiring an additional 213 shares during the period. Finally, Prosperity Bancshares Inc bought a new stake in shares of Cognizant Technology Solutions in the 4th quarter valued at approximately $29,000. 92.44% of the stock is currently owned by institutional investors.

Key Stories Impacting Cognizant Technology Solutions

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

• Positive Sentiment: Cognizant announced it will scale its Frontier workforce to 5,000 Frontier Certified Engineers and 10,000 Frontier Business Operators, reinforcing its enterprise AI strategy and signaling a push to convert AI spending into client revenue. Cognizant to scale to 5,000 Frontier Certified Engineers and 10,000 Frontier Business Operators
• Positive Sentiment: The company also said it is strengthening its AI strategy through a Google-related AI deal, which investors may see as validation of Cognizant’s enterprise AI positioning. As Cognizant Links Up with Google on AI Deal, Here’s How to Play CTSH Stock Now
• Positive Sentiment: Cognizant was named to TIME’s America’s Best Companies 2026 list, which supports its brand image around employee satisfaction, financial performance, and sustainability transparency. Cognizant named in TIME America’s Best Companies 2026 List
• Neutral Sentiment: Wells Fargo and Robert W. Baird both cut their price targets on CTSH, though both maintained constructive overall ratings, reflecting a more cautious near-term view on the stock.
• Neutral Sentiment: A Zacks note said Cognizant’s enterprise AI efforts are progressing, but weak demand, competition, and margin pressure remain concerns for the outlook. CTSH Strengthens Enterprise AI Strategy With Frontier Workforce
• Neutral Sentiment: Cognizant also disclosed a stockholder derivative action settlement notice, which appears to be a legal/administrative update rather than a major new operational development. Summary Notice of Pendency and Proposed Settlement of Stockholder Derivative Action
• Negative Sentiment: Market sentiment has also turned less favorable toward tech stocks broadly as investors rotate out of recent winners, which can weigh on shares like CTSH. Selling Winners, Buying Losers’: Tech Stocks Drop as Energy Jumps to Start H2

Cognizant Technology Solutions Price Performance

Shares of NASDAQ:CTSH traded down $0.83 during midday trading on Friday, reaching $42.57. The company’s stock had a trading volume of 6,250,900 shares, compared to its average volume of 14,306,458. Cognizant Technology Solutions Corporation has a fifty-two week low of $37.08 and a fifty-two week high of $87.03. The company has a market capitalization of $20.17 billion, a P/E ratio of 9.25, a P/E/G ratio of 0.90 and a beta of 0.87. 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 business’s fifty day simple moving average is $48.26 and its 200-day simple moving average is $62.49.

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

Cognizant Technology Solutions declared that its board has authorized a stock repurchase program on Monday, May 18th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the information technology service provider to buy up to 9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Cognizant Technology Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 28.70%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Guggenheim dropped their price objective on Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. The Goldman Sachs Group set a $75.00 target price on shares of Cognizant Technology Solutions in a research report on Wednesday, April 29th. Nomura cut their price target on shares of Cognizant Technology Solutions from $93.00 to $74.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Susquehanna decreased their price objective on shares of Cognizant Technology Solutions from $98.00 to $88.00 and set a “positive” rating on the stock in a research note on Friday, May 1st. Finally, Evercore dropped their price objective on shares of Cognizant Technology Solutions from $100.00 to $70.00 in a report on Thursday, April 30th. Eleven analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $64.70.

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.