PensionDanmark Pensionsforsikringsaktieselskab Has $3.97 Million Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 9.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 102,617 shares of the information technology service provider’s stock after purchasing an additional 8,700 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Cognizant Technology Solutions were worth $3,974,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Cognizant Technology Solutions during the 4th quarter worth $690,959,000. GQG Partners LLC bought a new position in Cognizant Technology Solutions in the fourth quarter valued at about $673,651,000. Assenagon Asset Management S.A. raised its stake in Cognizant Technology Solutions by 925.5% during the second quarter. Assenagon Asset Management S.A. now owns 3,652,358 shares of the information technology service provider’s stock worth $141,456,000 after acquiring an additional 3,296,205 shares in the last quarter. Cibc World Markets Corp bought a new position in shares of Cognizant Technology Solutions in the fourth quarter worth about $234,671,000. Finally, Pzena Investment Management LLC lifted its holdings in shares of Cognizant Technology Solutions by 14.9% in the first quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock worth $1,243,096,000 after acquiring an additional 2,633,683 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CTSH shares. Berenberg Bank set a $59.00 price target on shares of Cognizant Technology Solutions and gave the company a “hold” rating in a report on Wednesday, June 17th. Mizuho set a $64.00 price objective on shares of Cognizant Technology Solutions in a research note on Thursday. Evercore cut their target price on shares of Cognizant Technology Solutions from $100.00 to $70.00 in a research report on Thursday, April 30th. BMO Capital Markets lowered their price target on shares of Cognizant Technology Solutions from $83.00 to $63.00 in a report on Thursday, April 30th. Finally, Weiss Ratings downgraded Cognizant Technology Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Ten research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $63.00.

Cognizant Technology Solutions Stock Performance

NASDAQ CTSH opened at $57.67 on Monday. The company has a market capitalization of $25.98 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 1.16 and a beta of 0.81. Cognizant Technology Solutions Corporation has a twelve month low of $37.08 and a twelve month high of $87.03. The stock has a fifty day simple moving average of $47.50 and a 200 day simple moving average of $57.36. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.11.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.01). The company had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.48 billion. Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%.The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.31 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. Sell-side analysts expect that Cognizant Technology Solutions Corporation will post 5.71 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, August 18th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.32 annualized dividend and a yield of 2.3%. Cognizant Technology Solutions’s dividend payout ratio is presently 28.39%.

Cognizant Technology Solutions declared that its Board of Directors has initiated a share buyback program on Monday, May 18th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the information technology service provider to reacquire up to 9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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.