Cognizant Technology Solutions Corporation $CTSH Shares Purchased by Trinity Legacy Partners LLC

Trinity Legacy Partners LLC raised its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,344 shares of the information technology service provider’s stock after purchasing an additional 736 shares during the quarter. Trinity Legacy Partners LLC’s holdings in Cognizant Technology Solutions were worth $4,590,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management boosted its stake in Cognizant Technology Solutions by 21.0% during the 1st quarter. Ritholtz Wealth Management now owns 10,531 shares of the information technology service provider’s stock valued at $806,000 after acquiring an additional 1,827 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Cognizant Technology Solutions by 1.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 500,039 shares of the information technology service provider’s stock valued at $38,253,000 after acquiring an additional 7,105 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Cognizant Technology Solutions by 40.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 28,047 shares of the information technology service provider’s stock valued at $2,146,000 after acquiring an additional 8,116 shares during the last quarter. LBP AM SA bought a new position in Cognizant Technology Solutions during the 2nd quarter valued at $8,541,000. Finally, Ilmarinen Mutual Pension Insurance Co boosted its stake in Cognizant Technology Solutions by 129.9% during the 1st quarter. Ilmarinen Mutual Pension Insurance Co now owns 106,200 shares of the information technology service provider’s stock valued at $8,124,000 after acquiring an additional 60,000 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They set a “hold” rating and a $80.00 price objective on the stock. Guggenheim upgraded shares of Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Friday, July 18th. Evercore ISI started coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued an “outperform” rating and a $100.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Finally, Wall Street Zen downgraded shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $86.79.

Cognizant Technology Solutions Stock Up 0.7%

CTSH stock opened at $67.00 on Friday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.17 and a fifty-two week high of $90.82. The firm’s 50-day simple moving average is $70.34 and its 200 day simple moving average is $74.52. The stock has a market cap of $32.72 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 1.39 and a beta of 0.95.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data 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 net margin of 11.89% and a return on equity of 16.77%. The business had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.17 billion. During the same quarter last year, the company earned $1.17 EPS. The company’s revenue for the quarter 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. As a group, sell-side analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.24 annualized dividend and a yield of 1.9%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 25.20%.

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.