Jefferies Financial Group Inc. Has $2.64 Million Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Jefferies Financial Group Inc. trimmed its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 26.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,776 shares of the information technology service provider’s stock after selling 11,371 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Cognizant Technology Solutions were worth $2,637,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. AustralianSuper Pty Ltd acquired a new stake in Cognizant Technology Solutions in the third quarter worth $4,422,000. Alps Advisors Inc. grew its holdings in Cognizant Technology Solutions by 16.5% in the third quarter. Alps Advisors Inc. now owns 306,078 shares of the information technology service provider’s stock worth $20,529,000 after purchasing an additional 43,252 shares during the period. Arjuna Capital grew its holdings in shares of Cognizant Technology Solutions by 62.6% during the third quarter. Arjuna Capital now owns 24,622 shares of the information technology service provider’s stock valued at $1,651,000 after buying an additional 9,482 shares during the last quarter. National Pension Service grew its holdings in shares of Cognizant Technology Solutions by 5.5% during the third quarter. National Pension Service now owns 863,720 shares of the information technology service provider’s stock valued at $57,930,000 after buying an additional 45,016 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Cognizant Technology Solutions by 11.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 193,464 shares of the information technology service provider’s stock valued at $12,976,000 after buying an additional 19,177 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Cognizant Technology Solutions Stock Down 1.8%

CTSH opened at $51.81 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.23 and a quick ratio of 2.23. The company’s 50-day moving average is $56.71 and its 200 day moving average is $69.51. Cognizant Technology Solutions Corporation has a fifty-two week low of $45.48 and a fifty-two week high of $87.03. The firm has a market capitalization of $24.55 billion, a P/E ratio of 11.26, a PEG ratio of 1.11 and a beta of 0.81.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The company had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same period last year, the firm earned $1.23 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. Research analysts expect that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions declared that its board has authorized a share repurchase plan on Monday, May 18th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the information technology service provider to purchase up to 9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Cognizant Technology Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Monday, May 18th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.70%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CTSH. BMO Capital Markets reduced their price objective on shares of Cognizant Technology Solutions from $83.00 to $63.00 in a report on Thursday, April 30th. Jefferies Financial Group reduced their price objective on shares of Cognizant Technology Solutions from $80.00 to $65.00 and set a “buy” rating for the company in a report on Monday, May 4th. Royal Bank Of Canada lifted their price objective on shares of Cognizant Technology Solutions from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Thursday, February 5th. Evercore reduced their price objective on shares of Cognizant Technology Solutions from $100.00 to $70.00 in a report on Thursday, April 30th. Finally, Wedbush reduced their price objective on shares of Cognizant Technology Solutions from $61.00 to $56.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Ten research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $73.00.

About Cognizant Technology Solutions

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.