Cognizant Technology Solutions Corporation $CTSH Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 24.8% during the first quarter, Holdings Channel reports. The firm owned 58,540 shares of the information technology service provider’s stock after selling 19,320 shares during the period. Sequoia Financial Advisors LLC’s holdings in Cognizant Technology Solutions were worth $3,591,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Evolve Private Wealth LLC acquired a new stake in Cognizant Technology Solutions during the 4th quarter worth $2,642,000. OFI Invest Asset Management purchased a new position in shares of Cognizant Technology Solutions during the fourth quarter worth about $8,421,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Cognizant Technology Solutions by 34.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,874,274 shares of the information technology service provider’s stock worth $238,565,000 after purchasing an additional 734,337 shares during the last quarter. Pzena Investment Management LLC increased its position in shares of Cognizant Technology Solutions by 14.9% during the first quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock worth $1,243,096,000 after purchasing an additional 2,633,683 shares in the last quarter. Finally, Corient Private Wealth LLC increased its position in shares of Cognizant Technology Solutions by 44.4% during the fourth quarter. Corient Private Wealth LLC now owns 108,131 shares of the information technology service provider’s stock worth $8,977,000 after purchasing an additional 33,248 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

CTSH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. Weiss Ratings cut Cognizant Technology Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Susquehanna lowered their target price on shares of Cognizant Technology Solutions from $98.00 to $88.00 and set a “positive” rating on the stock in a research report on Friday, May 1st. Robert W. Baird reduced their price target on shares of Cognizant Technology Solutions from $72.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Wells Fargo & Company lowered their price objective on shares of Cognizant Technology Solutions from $83.00 to $61.00 and set an “overweight” rating on the stock in a research report on Friday. Eleven research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Cognizant Technology Solutions has a consensus rating of “Hold” and an average target price of $64.26.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH opened at $44.16 on Tuesday. The stock has a fifty day moving average price of $48.09 and a 200 day moving average price of $62.04. Cognizant Technology Solutions Corporation has a 1-year low of $37.08 and a 1-year high of $87.03. 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 market cap of $20.93 billion, a PE ratio of 9.60, a P/E/G ratio of 0.90 and a beta of 0.87.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.41 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. Cognizant Technology Solutions’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. Sell-side analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were given 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 3.0%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.70%.

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

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.