Cognizant Technology Solutions Corporation (CTSH) To Go Ex-Dividend on August 18th

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) announced a quarterly dividend on Wednesday, July 29th. Investors of record on Tuesday, August 18th will be paid a dividend of 0.33 per share by the information technology service provider on Tuesday, August 25th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, August 18th.

Cognizant Technology Solutions has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Cognizant Technology Solutions has a payout ratio of 24.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Cognizant Technology Solutions to earn $6.32 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 20.9%.

Cognizant Technology Solutions Stock Performance

Shares of CTSH opened at $58.79 on Friday. Cognizant Technology Solutions has a 12-month low of $37.08 and a 12-month high of $87.03. The stock has a market cap of $26.48 billion, a P/E ratio of 12.64, a PEG ratio of 1.18 and a beta of 0.82. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average of $47.92 and a two-hundred day moving average of $56.67.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the prior year, the company earned $1.31 earnings per share. The firm’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. As a group, research analysts predict that Cognizant Technology Solutions will post 5.71 EPS for the current fiscal year.

Institutional Trading of Cognizant Technology Solutions

Hedge funds have recently added to or reduced their stakes in the business. JPL Wealth Management LLC purchased a new position in shares of Cognizant Technology Solutions during the 3rd quarter worth about $25,000. Physician Wealth Advisors Inc. grew its holdings in Cognizant Technology Solutions by 165.1% in the fourth quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock valued at $28,000 after purchasing an additional 213 shares during the period. Prosperity Bancshares Inc purchased a new stake in Cognizant Technology Solutions in the fourth quarter valued at approximately $29,000. Signature Equity Partners LLC increased its position in Cognizant Technology Solutions by 102.4% during the first quarter. Signature Equity Partners LLC now owns 599 shares of the information technology service provider’s stock worth $37,000 after purchasing an additional 303 shares during the last quarter. Finally, Reflection Asset Management acquired a new position in Cognizant Technology Solutions during the fourth quarter worth approximately $40,000. 92.44% of the stock is owned by institutional investors and hedge funds.

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.