Chevy Chase Trust Holdings LLC Has $20.32 Million Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Chevy Chase Trust Holdings LLC lifted its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 260,424 shares of the information technology service provider’s stock after buying an additional 1,020 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Cognizant Technology Solutions worth $20,321,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CTSH. Brighton Jones LLC acquired a new stake in shares of Cognizant Technology Solutions in the fourth quarter worth $214,000. GAMMA Investing LLC boosted its position in shares of Cognizant Technology Solutions by 19.9% in the first quarter. GAMMA Investing LLC now owns 12,059 shares of the information technology service provider’s stock worth $923,000 after buying an additional 2,002 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Cognizant Technology Solutions by 40.7% in the first quarter. Janney Montgomery Scott LLC now owns 28,047 shares of the information technology service provider’s stock worth $2,146,000 after buying an additional 8,116 shares during the period. State of Alaska Department of Revenue boosted its position in Cognizant Technology Solutions by 2.5% during the first quarter. State of Alaska Department of Revenue now owns 57,940 shares of the information technology service provider’s stock valued at $4,432,000 after purchasing an additional 1,410 shares during the last quarter. Finally, Premier Path Wealth Partners LLC boosted its position in Cognizant Technology Solutions by 12.9% during the first quarter. Premier Path Wealth Partners LLC now owns 3,467 shares of the information technology service provider’s stock valued at $265,000 after purchasing an additional 397 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ:CTSH opened at $66.08 on Friday. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.15 and a fifty-two week high of $90.82. The business has a 50-day moving average of $69.23 and a two-hundred day moving average of $73.70. The stock has a market capitalization of $32.27 billion, a P/E ratio of 13.43, a P/E/G ratio of 1.37 and a beta of 0.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The company had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.17 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. On average, equities research analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions’s payout ratio is currently 25.20%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research report on Wednesday, October 8th. Wall Street Zen cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Evercore ISI assumed coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They set an “outperform” rating and a $100.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Finally, Guggenheim raised Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Friday, July 18th. Five investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $86.79.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.