Cognizant Technology Solutions Corporation $CTSH Shares Acquired by Prudential Financial Inc.

Prudential Financial Inc. increased its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 7.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,858,306 shares of the information technology service provider’s stock after purchasing an additional 124,145 shares during the quarter. Prudential Financial Inc. owned 0.38% of Cognizant Technology Solutions worth $145,004,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CTSH. Vanguard Group Inc. raised its position in Cognizant Technology Solutions by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 59,854,530 shares of the information technology service provider’s stock worth $4,670,449,000 after buying an additional 746,732 shares during the last quarter. Pzena Investment Management LLC increased its stake in shares of Cognizant Technology Solutions by 2.2% during the second quarter. Pzena Investment Management LLC now owns 17,450,691 shares of the information technology service provider’s stock worth $1,361,677,000 after acquiring an additional 375,619 shares during the period. Geode Capital Management LLC raised its holdings in Cognizant Technology Solutions by 1.5% during the second quarter. Geode Capital Management LLC now owns 14,019,891 shares of the information technology service provider’s stock worth $1,091,391,000 after purchasing an additional 206,532 shares in the last quarter. Invesco Ltd. lifted its position in Cognizant Technology Solutions by 13.3% in the first quarter. Invesco Ltd. now owns 12,077,445 shares of the information technology service provider’s stock valued at $923,925,000 after purchasing an additional 1,422,265 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Cognizant Technology Solutions by 117.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,805,893 shares of the information technology service provider’s stock valued at $520,651,000 after purchasing an additional 3,677,145 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Citigroup began coverage on Cognizant Technology Solutions in a research note on Thursday, October 23rd. They set a “neutral” rating and a $75.00 target price for the company. JPMorgan Chase & Co. raised their target price on Cognizant Technology Solutions from $89.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. UBS Group set a $78.00 price target on shares of Cognizant Technology Solutions and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Mizuho set a $85.00 price target on shares of Cognizant Technology Solutions in a report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Cognizant Technology Solutions in a report on Wednesday. Seven research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.19.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH opened at $75.98 on Friday. The company has a current ratio of 2.36, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is $69.54 and its 200 day moving average price is $73.72. Cognizant Technology Solutions Corporation has a 52 week low of $65.15 and a 52 week high of $90.82. The stock has a market cap of $36.67 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.47 and a beta of 0.98.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.09. The firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.Cognizant Technology Solutions’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. As a group, research analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 18th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, November 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 28.77%.

Insider Activity

In related news, CAO John Sunshin Kim sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $75.18, for a total transaction of $187,950.00. Following the completion of the transaction, the chief accounting officer owned 36,630 shares of the company’s stock, valued at approximately $2,753,843.40. This represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Cognizant Technology Solutions Company Profile

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.