Northwest & Ethical Investments L.P. Increases Position in Cognizant Technology Solutions Corporation $CTSH

Northwest & Ethical Investments L.P. grew its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 64.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,761 shares of the information technology service provider’s stock after buying an additional 25,694 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Cognizant Technology Solutions were worth $5,131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Hilltop National Bank acquired a new stake in shares of Cognizant Technology Solutions during the second quarter worth about $27,000. NewSquare Capital LLC lifted its holdings in 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 worth $29,000 after buying an additional 153 shares in the last quarter. Geneos Wealth Management Inc. grew its stake 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 worth $44,000 after acquiring an additional 309 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of Cognizant Technology Solutions during the first quarter worth $61,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Cognizant Technology Solutions in the first quarter valued at $66,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

CTSH has been the topic of several recent research reports. UBS Group set a $78.00 price target on Cognizant Technology Solutions and gave the stock a “neutral” rating in a report on Thursday, October 30th. William Blair upgraded shares of Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research note on Friday, November 21st. JPMorgan Chase & Co. increased their price objective on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Mizuho set a $85.00 price objective on shares of Cognizant Technology Solutions in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada cut their price target on Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 30th. Seven investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $85.19.

Cognizant Technology Solutions Stock Performance

Shares of CTSH stock opened at $77.05 on Thursday. The stock’s 50-day moving average is $69.96 and its two-hundred day moving average is $73.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.36. Cognizant Technology Solutions Corporation has a 1 year low of $65.15 and a 1 year high of $90.82. The firm has a market cap of $37.19 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.47 and a beta of 0.98.

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

Cognizant Technology Solutions Dividend Announcement

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

Insider Buying and Selling

In other news, CAO John Sunshin Kim sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $75.18, for a total value of $187,950.00. Following the completion of the sale, the chief accounting officer directly owned 36,630 shares of the company’s stock, valued at approximately $2,753,843.40. This represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.