Hillsdale Investment Management Inc. Makes New $820,000 Investment in Cognizant Technology Solutions Corporation $CTSH

Hillsdale Investment Management Inc. bought a new stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 12,230 shares of the information technology service provider’s stock, valued at approximately $820,000.

Several other large investors also recently made changes to their positions in CTSH. NewSquare Capital LLC increased its holdings 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 acquiring an additional 153 shares during the last quarter. High Note Wealth LLC boosted its position in Cognizant Technology Solutions by 22,450.0% during the third quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock worth $30,000 after purchasing an additional 449 shares during the period. New Millennium Group LLC acquired a new position in Cognizant Technology Solutions during the third quarter valued at approximately $34,000. Geneos Wealth Management Inc. raised its position in shares of Cognizant Technology Solutions by 118.8% in the first quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock valued at $44,000 after purchasing an additional 309 shares during the period. Finally, Winnow Wealth LLC acquired a new stake in shares of Cognizant Technology Solutions in the third quarter worth $39,000. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Trading Down 6.0%

Shares of CTSH opened at $61.13 on Tuesday. The stock’s 50-day moving average price is $79.90 and its 200 day moving average price is $74.57. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $29.24 billion, a price-to-earnings ratio of 13.44, a P/E/G ratio of 1.41 and a beta of 0.95. Cognizant Technology Solutions Corporation has a 12-month low of $60.89 and a 12-month high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.03. The company had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.31 billion. Cognizant Technology Solutions had a return on equity of 17.17% and a net margin of 10.56%.Cognizant Technology Solutions’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. As a group, research analysts predict that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th will be issued a $0.33 dividend. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $1.32 annualized dividend and a yield of 2.2%. Cognizant Technology Solutions’s payout ratio is presently 29.01%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CTSH shares. TD Cowen reiterated a “hold” rating and issued a $85.00 target price (up from $84.00) on shares of Cognizant Technology Solutions in a research note on Thursday, February 5th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $98.00 price target (up from $87.00) on shares of Cognizant Technology Solutions in a research report on Wednesday, January 14th. Morgan Stanley boosted their price objective on Cognizant Technology Solutions from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Susquehanna restated a “positive” rating and set a $98.00 target price on shares of Cognizant Technology Solutions in a research note on Friday, January 23rd. Finally, Guggenheim reaffirmed a “buy” rating and issued a $100.00 price target (up from $95.00) on shares of Cognizant Technology Solutions in a research report on Wednesday, January 28th. Ten investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $90.17.

Insider Buying and Selling at Cognizant Technology Solutions

In other news, insider Surya Gummadi sold 1,728 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $83.06, for a total transaction of $143,527.68. Following the completion of the transaction, the insider directly owned 25,641 shares of the company’s stock, valued at approximately $2,129,741.46. This trade represents a 6.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Patsalos-Fox sold 7,000 shares of Cognizant Technology Solutions stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $83.52, for a total transaction of $584,640.00. Following the sale, the director owned 47,729 shares in the company, valued at approximately $3,986,326.08. This trade represents a 12.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 29,434 shares of company stock worth $2,460,809. Corporate insiders own 0.32% of the company’s stock.

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.