Hsbc Holdings PLC Has $226.68 Million Position in Cognizant Technology Solutions Corporation $CTSH

Hsbc Holdings PLC lessened its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 18.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,729,915 shares of the information technology service provider’s stock after selling 617,520 shares during the period. Hsbc Holdings PLC’s holdings in Cognizant Technology Solutions were worth $226,683,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new position in shares of Cognizant Technology Solutions in the fourth quarter valued at approximately $28,000. Physician Wealth Advisors Inc. increased its stake in shares of Cognizant Technology Solutions by 165.1% during the fourth quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock worth $28,000 after purchasing an additional 213 shares during the period. Lodestone Wealth Management LLC acquired a new stake in Cognizant Technology Solutions during the 4th quarter worth approximately $28,000. Prosperity Bancshares Inc bought a new stake in Cognizant Technology Solutions in the 4th quarter valued at $29,000. Finally, Towne Trust Company N.A boosted its stake in Cognizant Technology Solutions by 85.0% in the 4th quarter. Towne Trust Company N.A now owns 370 shares of the information technology service provider’s stock valued at $31,000 after purchasing an additional 170 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

CTSH has been the topic of several research reports. Robert W. Baird set a $72.00 price target on shares of Cognizant Technology Solutions and gave the company a “neutral” rating in a research note on Friday, April 10th. Dbs Bank cut their price objective on shares of Cognizant Technology Solutions from $80.00 to $66.00 in a report on Thursday, May 7th. UBS Group decreased their target price on shares of Cognizant Technology Solutions from $60.00 to $55.00 in a research report on Monday, May 11th. Guggenheim lowered their target price on shares of Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, Berenberg Bank set a $59.00 price target on Cognizant Technology Solutions and gave the company a “hold” rating in a research note on Wednesday. Ten equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $72.50.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH opened at $43.70 on Friday. The stock has a market capitalization of $20.71 billion, a P/E ratio of 9.50, a PEG ratio of 0.92 and a beta of 0.81. The stock’s fifty day moving average is $53.35 and its 200 day moving average is $66.75. Cognizant Technology Solutions Corporation has a 52 week low of $43.40 and a 52 week high of $87.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 2.23.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.07. The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations 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 revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.23 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. Sell-side analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.70%.

Cognizant Technology Solutions announced that its board has authorized a share repurchase plan on Monday, May 18th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the information technology service provider to repurchase up to 9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

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.