Pensionfund Sabic Purchases Shares of 17,700 Cognizant Technology Solutions Corporation $CTSH

Pensionfund Sabic purchased a new position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,700 shares of the information technology service provider’s stock, valued at approximately $1,469,000.

A number of other institutional investors have also modified their holdings of CTSH. Brighton Jones LLC purchased a new position in Cognizant Technology Solutions during the fourth quarter valued at approximately $214,000. Geneos Wealth Management Inc. grew its stake in shares of Cognizant Technology Solutions by 118.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock worth $44,000 after purchasing an additional 309 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Cognizant Technology Solutions during the 1st quarter worth approximately $142,000. Cetera Investment Advisers increased its holdings in shares of Cognizant Technology Solutions by 3.6% during the 2nd quarter. Cetera Investment Advisers now owns 43,576 shares of the information technology service provider’s stock valued at $3,400,000 after purchasing an additional 1,518 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Cognizant Technology Solutions by 60.1% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 22,272 shares of the information technology service provider’s stock valued at $1,738,000 after purchasing an additional 8,365 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH opened at $60.24 on Wednesday. The firm has a 50-day simple moving average of $70.82 and a 200-day simple moving average of $73.34. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $28.81 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. Cognizant Technology Solutions Corporation has a 52 week low of $59.35 and a 52 week high of $87.03.

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

Cognizant Technology Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, February 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 29.01%.

Insider Activity at Cognizant Technology Solutions

In related news, insider Surya Gummadi sold 1,728 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $83.06, for a total value of $143,527.68. Following the completion of the sale, the insider owned 25,641 shares of the company’s stock, valued at approximately $2,129,741.46. This trade represents a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Patsalos-Fox sold 2,000 shares of Cognizant Technology Solutions stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $84.23, for a total value of $168,460.00. Following the transaction, the director owned 29,729 shares in the company, valued at approximately $2,504,073.67. The trade was a 6.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 6,859 shares of company stock valued at $575,460. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CTSH. Royal Bank Of Canada increased their price target on shares of Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Monday, January 26th. Argus raised shares of Cognizant Technology Solutions to a “hold” rating in a research note on Tuesday, February 10th. Weiss Ratings cut Cognizant Technology Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. Finally, Guggenheim restated a “buy” rating and issued a $100.00 price target (up from $95.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $88.78.

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.