Cognizant Technology Solutions Corporation $CTSH Shares Sold by Kepler Cheuvreux Suisse SA

Kepler Cheuvreux Suisse SA trimmed its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,856 shares of the information technology service provider’s stock after selling 10,910 shares during the period. Kepler Cheuvreux Suisse SA’s holdings in Cognizant Technology Solutions were worth $14,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Cognizant Technology Solutions by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 60,348,442 shares of the information technology service provider’s stock worth $4,047,570,000 after purchasing an additional 493,912 shares during the period. Pzena Investment Management LLC grew its position in Cognizant Technology Solutions by 1.5% during the 3rd quarter. Pzena Investment Management LLC now owns 17,710,868 shares of the information technology service provider’s stock worth $1,187,868,000 after purchasing an additional 260,177 shares during the period. Invesco Ltd. grew its position in Cognizant Technology Solutions by 8.6% during the 3rd quarter. Invesco Ltd. now owns 12,534,198 shares of the information technology service provider’s stock worth $840,669,000 after purchasing an additional 987,395 shares during the period. First Trust Advisors LP grew its position in Cognizant Technology Solutions by 7.6% during the 3rd quarter. First Trust Advisors LP now owns 9,085,998 shares of the information technology service provider’s stock worth $609,398,000 after purchasing an additional 639,801 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Cognizant Technology Solutions by 4.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,393,356 shares of the information technology service provider’s stock worth $428,798,000 after purchasing an additional 260,844 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Morgan Stanley cut their price target on Cognizant Technology Solutions from $70.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Wells Fargo & Company cut their price target on Cognizant Technology Solutions from $98.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. UBS Group cut their price target on Cognizant Technology Solutions from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Nomura raised their target price on Cognizant Technology Solutions from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Wedbush dropped their target price on Cognizant Technology Solutions from $61.00 to $56.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Ten research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $75.00.

Cognizant Technology Solutions Stock Performance

Shares of Cognizant Technology Solutions stock opened at $51.68 on Monday. The firm has a market capitalization of $24.49 billion, a PE ratio of 11.23, a P/E/G ratio of 1.09 and a beta of 0.81. Cognizant Technology Solutions Corporation has a twelve month low of $50.19 and a twelve month high of $87.03. The firm’s 50-day moving average price is $60.24 and its 200 day moving average price is $71.35. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. The firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.41 billion. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. Cognizant Technology Solutions’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $1.23 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. On average, sell-side analysts predict that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Monday, May 18th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.6%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.70%.

Cognizant Technology Solutions 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.