Mitsubishi UFJ Asset Management Co. Ltd. Purchases 44,049 Shares of Cognizant Technology Solutions Corporation $CTSH

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 4.5% during the third quarter, HoldingsChannel reports. The fund owned 1,025,363 shares of the information technology service provider’s stock after buying an additional 44,049 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Cognizant Technology Solutions were worth $68,771,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp raised its position in shares of Cognizant Technology Solutions by 0.6% in the second quarter. State Street Corp now owns 25,381,572 shares of the information technology service provider’s stock valued at $1,980,524,000 after purchasing an additional 157,427 shares during the period. AustralianSuper Pty Ltd purchased a new position in Cognizant Technology Solutions in the 3rd quarter valued at approximately $4,422,000. Thrivent Financial for Lutherans grew its stake in Cognizant Technology Solutions by 60.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 39,474 shares of the information technology service provider’s stock valued at $3,079,000 after buying an additional 14,946 shares in the last quarter. Summit Global Investments raised its holdings in Cognizant Technology Solutions by 245.1% during the 2nd quarter. Summit Global Investments now owns 35,588 shares of the information technology service provider’s stock valued at $2,777,000 after acquiring an additional 25,276 shares during the period. Finally, Alps Advisors Inc. lifted its position in shares of Cognizant Technology Solutions by 16.5% during the third quarter. Alps Advisors Inc. now owns 306,078 shares of the information technology service provider’s stock worth $20,529,000 after acquiring an additional 43,252 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

CTSH has been the topic of a number of analyst reports. Wells Fargo & Company reiterated an “overweight” rating and set a $98.00 price objective (up from $87.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, January 14th. Berenberg Bank set a $107.00 target price on Cognizant Technology Solutions and gave the company a “buy” rating in a report on Thursday, January 22nd. TD Cowen reissued a “hold” rating and issued a $85.00 price target (up from $84.00) on shares of Cognizant Technology Solutions in a report on Thursday, February 5th. Susquehanna restated a “positive” rating and issued a $98.00 price objective on shares of Cognizant Technology Solutions in a research report on Friday, January 23rd. Finally, Guggenheim reissued a “buy” rating and issued a $100.00 price target (up from $95.00) on shares of Cognizant Technology Solutions in a report on Wednesday, January 28th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $90.17.

Cognizant Technology Solutions Stock Down 0.8%

Shares of NASDAQ:CTSH opened at $64.43 on Friday. The company has a market cap of $30.81 billion, a PE ratio of 14.16, a P/E/G ratio of 1.41 and a beta of 0.95. Cognizant Technology Solutions Corporation has a 1 year low of $60.03 and a 1 year high of $87.03. The stock’s 50-day moving average is $78.21 and its 200 day moving average is $74.32. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.14 and a quick ratio of 2.14.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.03. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The business had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.31 billion. During the same quarter in the previous year, the business posted $1.21 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. Sell-side analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Wednesday, February 18th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.0%. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, February 18th. Cognizant Technology Solutions’s payout ratio is currently 29.01%.

Insider Transactions at Cognizant Technology Solutions

In related news, CAO John Sunshin Kim sold 2,500 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $200,000.00. Following the sale, the chief accounting officer owned 36,149 shares of the company’s stock, valued at $2,891,920. This represents a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ravi Kumar Singisetti sold 3,125 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $80.01, for a total transaction of $250,031.25. Following the completion of the sale, the chief executive officer directly owned 75,454 shares of the company’s stock, valued at approximately $6,037,074.54. The trade was a 3.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 29,434 shares of company stock valued at $2,460,809. Company insiders own 0.32% of the company’s stock.

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.