Cognizant Technology Solutions Corporation $CTSH Stock: State of Alaska Department of Revenue Increases Position

State of Alaska Department of Revenue increased its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 246.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 160,866 shares of the information technology service provider’s stock after purchasing an additional 114,435 shares during the period. State of Alaska Department of Revenue’s holdings in Cognizant Technology Solutions were worth $9,240,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pzena Investment Management LLC boosted its holdings in Cognizant Technology Solutions by 14.9% in 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 acquiring an additional 2,633,683 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Cognizant Technology Solutions by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 6,404,918 shares of the information technology service provider’s stock valued at $392,947,000 after purchasing an additional 222,819 shares during the period. Amundi raised its stake in shares of Cognizant Technology Solutions by 9.2% during the first quarter. Amundi now owns 6,177,881 shares of the information technology service provider’s stock valued at $379,013,000 after purchasing an additional 520,532 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Cognizant Technology Solutions by 925.5% during the second quarter. Assenagon Asset Management S.A. now owns 3,652,358 shares of the information technology service provider’s stock valued at $141,456,000 after purchasing an additional 3,296,205 shares during the period. Finally, Hsbc Holdings PLC lifted its position in shares of Cognizant Technology Solutions by 27.2% during the first quarter. Hsbc Holdings PLC now owns 3,471,681 shares of the information technology service provider’s stock worth $213,004,000 after purchasing an additional 742,466 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Cognizant Technology Solutions Trading Up 5.3%

Shares of CTSH opened at $65.77 on Friday. The company has a market capitalization of $29.63 billion, a P/E ratio of 11.34, a P/E/G ratio of 1.17 and a beta of 0.86. Cognizant Technology Solutions Corporation has a one year low of $37.08 and a one year high of $87.03. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.18 and a current ratio of 2.18. The stock has a 50-day moving average price of $60.30 and a 200 day moving average price of $54.38.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share 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 analyst estimates of $5.48 billion. During the same quarter last year, the business earned $1.31 EPS. Cognizant Technology Solutions’s revenue for the quarter 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. Sell-side analysts forecast that Cognizant Technology Solutions Corporation will post 5.74 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 25th. Stockholders of record on Tuesday, August 18th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Tuesday, August 18th. Cognizant Technology Solutions’s dividend payout ratio is 28.39%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Cognizant Technology Solutions from $61.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Mizuho set a $64.00 price target on shares of Cognizant Technology Solutions in a report on Thursday, August 6th. Citigroup reaffirmed a “neutral” rating and set a $60.00 price target (up from $45.00) on shares of Cognizant Technology Solutions in a research note on Thursday, July 30th. Guggenheim reaffirmed a “buy” rating and set a $65.00 price target (down from $80.00) on shares of Cognizant Technology Solutions in a research note on Monday, July 27th. Finally, Morgan Stanley reiterated a “negative” rating and issued a $51.00 price objective (up from $44.00) on shares of Cognizant Technology Solutions in a report on Thursday, July 30th. Ten 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $64.70.

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.