Cognizant Technology Solutions Corporation $CTSH Shares Sold by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC trimmed its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 4.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,470 shares of the information technology service provider’s stock after selling 287 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Cognizant Technology Solutions were worth $505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Hilltop National Bank acquired a new stake in Cognizant Technology Solutions during the 2nd quarter worth about $27,000. Geneos Wealth Management Inc. grew its position in Cognizant Technology Solutions by 118.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock worth $44,000 after purchasing an additional 309 shares during the period. WPG Advisers LLC acquired a new stake in Cognizant Technology Solutions during the 1st quarter worth about $61,000. Zions Bancorporation National Association UT acquired a new stake in Cognizant Technology Solutions during the 1st quarter worth about $66,000. Finally, Golden State Wealth Management LLC grew its position in Cognizant Technology Solutions by 290.9% during the 1st quarter. Golden State Wealth Management LLC now owns 899 shares of the information technology service provider’s stock worth $69,000 after purchasing an additional 669 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Cognizant Technology Solutions Trading Down 4.1%

Shares of Cognizant Technology Solutions stock opened at $65.80 on Monday. The firm has a market capitalization of $32.14 billion, a PE ratio of 13.37, a P/E/G ratio of 1.37 and a beta of 0.95. Cognizant Technology Solutions Corporation has a twelve month low of $65.17 and a twelve month high of $90.82. The firm’s 50-day moving average price is $69.60 and its 200 day moving average price is $74.03. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. The firm had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.17 billion. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. Cognizant Technology Solutions’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company posted $1.17 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. On average, sell-side 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 announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 25.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their target price on 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. 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 target price on the stock. Wall Street Zen cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research report on Wednesday, October 8th. Finally, Guggenheim upgraded Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Friday, July 18th. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.