Cognizant Technology Solutions Corporation $CTSH Shares Bought by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 59.6% in the third quarter, HoldingsChannel.com reports. The fund owned 224,281 shares of the information technology service provider’s stock after acquiring an additional 83,763 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Cognizant Technology Solutions were worth $12,883,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Signature Equity Partners LLC grew its stake in Cognizant Technology Solutions by 102.4% in the 1st quarter. Signature Equity Partners LLC now owns 599 shares of the information technology service provider’s stock valued at $37,000 after purchasing an additional 303 shares during the period. Reflection Asset Management bought a new stake in shares of Cognizant Technology Solutions during the 4th quarter worth $40,000. MV Capital Management Inc. purchased a new position in shares of Cognizant Technology Solutions in the 4th quarter worth about $42,000. SJS Investment Consulting Inc. boosted its holdings in shares of Cognizant Technology Solutions by 1,580.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 840 shares of the information technology service provider’s stock worth $52,000 after buying an additional 790 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its position in Cognizant Technology Solutions by 34.5% during the first quarter. Capital Advisors Ltd. LLC now owns 959 shares of the information technology service provider’s stock valued at $59,000 after buying an additional 246 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Price Performance

CTSH opened at $59.20 on Friday. The firm has a 50-day moving average price of $59.80 and a 200-day moving average price of $54.37. Cognizant Technology Solutions Corporation has a twelve month low of $37.08 and a twelve month high of $87.03. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $26.67 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 1.12 and a beta of 0.86.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The business had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the company posted $1.31 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. Equities analysts expect that Cognizant Technology Solutions Corporation will post 5.74 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were given a $0.33 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $1.32 annualized dividend and a dividend yield of 2.2%. Cognizant Technology Solutions’s payout ratio is 28.39%.

Analyst Ratings Changes

Several brokerages have commented on CTSH. Wedbush reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Cognizant Technology Solutions in a research report on Friday. Royal Bank Of Canada set a $55.00 target price on shares of Cognizant Technology Solutions in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $70.00 price target (up from $65.00) on shares of Cognizant Technology Solutions in a research note on Friday, September 18th. Berenberg Bank set a $59.00 price objective on Cognizant Technology Solutions and gave the company a “hold” rating in a research note on Wednesday, June 17th. Finally, HSBC reduced their price objective on Cognizant Technology Solutions from $80.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Ten research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Cognizant Technology Solutions has a consensus rating of “Hold” and a consensus target price of $64.43.

Cognizant Technology Solutions Profile

Cognizant Technology Solutions Corporation (NASDAQ: CTSH) is a global professional services and information technology company that helps businesses modernize their operations and technology infrastructure. Its services include IT consulting, systems integration, application development and modernization, cloud computing, data and analytics, artificial intelligence, cybersecurity, and digital engineering.

The company also provides business process services and industry-specific solutions for sectors such as financial services, healthcare, life sciences, manufacturing, retail, communications, and information technology.