Cognizant Technology Solutions Corporation $CTSH Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lowered its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 80.8% during the first quarter, Holdings Channel.com reports. The firm owned 166,508 shares of the information technology service provider’s stock after selling 700,377 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Cognizant Technology Solutions were worth $10,215,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CTSH. Pzena Investment Management LLC boosted its position in shares of Cognizant Technology Solutions by 14.9% during the 1st quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock worth $1,243,096,000 after purchasing an additional 2,633,683 shares during the period. Invesco Ltd. boosted its holdings in Cognizant Technology Solutions by 8.6% in the third quarter. Invesco Ltd. now owns 12,534,198 shares of the information technology service provider’s stock valued at $840,669,000 after purchasing an additional 987,395 shares during the period. Norges Bank acquired a new position in Cognizant Technology Solutions during the 4th quarter worth $690,959,000. GQG Partners LLC acquired a new position in Cognizant Technology Solutions during the 4th quarter worth $673,651,000. Finally, FIL Ltd increased its holdings in Cognizant Technology Solutions by 46.6% during the 4th quarter. FIL Ltd now owns 6,680,508 shares of the information technology service provider’s stock worth $554,482,000 after purchasing an additional 2,122,600 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CTSH. Citigroup decreased their price objective on Cognizant Technology Solutions from $55.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, July 13th. Daiwa Securities Group cut their target price on shares of Cognizant Technology Solutions from $65.00 to $42.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 24th. The Goldman Sachs Group set a $75.00 price target on shares of Cognizant Technology Solutions in a research note on Wednesday, April 29th. Dbs Bank lowered their price target on shares of Cognizant Technology Solutions from $80.00 to $66.00 in a report on Thursday, May 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Cognizant Technology Solutions from $83.00 to $61.00 and set an “overweight” rating on the stock in a research report on Friday, July 10th. Ten analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $61.35.

Cognizant Technology Solutions News Roundup

Here are the key news stories impacting Cognizant Technology Solutions this week:

• Positive Sentiment: Expanded Anthropic partnership boosts AI growth expectations. Cognizant became one of Anthropic’s Global Premier Partners and will embed Claude across its industry platforms, engineering tools and client projects. The companies are targeting broader production use of AI in sectors including manufacturing, life sciences and insurance, supporting expectations for new consulting and implementation revenue. Cognizant and Anthropic expand partnership article
• Positive Sentiment: New EMEA AI unit aims to convert pilots into recurring enterprise work. The dedicated organization will combine advisory, engineering and delivery capabilities to help European, Middle Eastern and African clients build and operate agentic AI systems. Its platform-independent approach could broaden Cognizant’s addressable market and reinforce its AI Builder strategy. Cognizant launches EMEA AI unit article
• Positive Sentiment: Five-year Andover Companies contract adds evidence of commercial traction. The insurance group selected Cognizant to modernize core and portal systems, unify data and prepare for responsible AI use in underwriting and claims. The long-term engagement provides potential revenue visibility and a reference customer for Cognizant’s insurance and AI capabilities. Andover Companies selects Cognizant article
• Neutral Sentiment: Upcoming quarterly results are the next major catalyst. Analysts expect Cognizant’s results to benefit from bookings, AI demand and acquisition contributions, but investors will look for confirmation that those factors are translating into revenue growth and updated guidance. Cognizant Q2 earnings preview
• Negative Sentiment: Macro and discretionary-spending risks remain. Weak client demand in discretionary areas and broader economic uncertainty could restrain traditional IT-services spending, potentially offsetting some of the expected AI-driven growth.

Cognizant Technology Solutions Stock Up 6.9%

Shares of NASDAQ:CTSH opened at $50.31 on Wednesday. The firm has a 50 day simple moving average of $47.04 and a 200-day simple moving average of $59.01. Cognizant Technology Solutions Corporation has a twelve month low of $37.08 and a twelve month high of $87.03. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $23.84 billion, a PE ratio of 10.94, a P/E/G ratio of 1.03 and a beta of 0.87.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. The firm had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.41 billion. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.23 EPS. On average, equities analysts predict that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current fiscal year.

Cognizant Technology Solutions declared that its Board of Directors has initiated a stock repurchase plan on Monday, May 18th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the information technology service provider to repurchase up to 9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.