Distillate Capital Partners LLC Trims Position in Cognizant Technology Solutions Corporation $CTSH

Distillate Capital Partners LLC lessened its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 5.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 203,812 shares of the information technology service provider’s stock after selling 11,581 shares during the quarter. Distillate Capital Partners LLC’s holdings in Cognizant Technology Solutions were worth $15,903,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Hilltop National Bank bought a new position in Cognizant Technology Solutions in the 2nd quarter worth $27,000. NewSquare Capital LLC boosted its stake in shares of Cognizant Technology Solutions by 71.8% during the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock valued at $29,000 after purchasing an additional 153 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Cognizant Technology Solutions by 118.8% during the first quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock valued at $44,000 after buying an additional 309 shares during the period. WPG Advisers LLC bought a new position in Cognizant Technology Solutions in the first quarter worth about $61,000. Finally, Zions Bancorporation National Association UT purchased a new stake in Cognizant Technology Solutions in the first quarter worth about $66,000. Institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CTSH shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a report on Wednesday, November 19th. JPMorgan Chase & Co. lifted their price target on Cognizant Technology Solutions from $89.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. William Blair upgraded Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a report on Friday, November 21st. UBS Group set a $78.00 price objective on Cognizant Technology Solutions and gave the company a “neutral” rating in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada dropped their target price on shares of Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating on the stock in a report on Thursday, October 30th. Seven analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $85.19.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ:CTSH opened at $77.43 on Tuesday. The business has a fifty day moving average price of $70.49 and a 200-day moving average price of $73.53. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 2.41. The company has a market capitalization of $37.37 billion, a PE ratio of 17.97, a PEG ratio of 1.47 and a beta of 0.98. Cognizant Technology Solutions Corporation has a 1-year low of $65.15 and a 1-year high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.09. The company had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Cognizant Technology Solutions had a net margin of 10.20% and a return on equity of 17.00%. Cognizant Technology Solutions’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. As a group, equities analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Tuesday, November 18th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.6%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.77%.

Insider Transactions at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 2,500 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $75.18, for a total transaction of $187,950.00. Following the sale, the chief accounting officer directly owned 36,630 shares in the company, valued at approximately $2,753,843.40. This trade represents a 6.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.32% of the company’s stock.

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.