Skandinaviska Enskilda Banken AB publ Has $11.86 Million Stake in Cognizant Technology Solutions Corporation $CTSH

Skandinaviska Enskilda Banken AB publ boosted its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 50.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,058 shares of the information technology service provider’s stock after purchasing an additional 50,700 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Cognizant Technology Solutions were worth $11,864,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Cognizant Technology Solutions by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 59,854,530 shares of the information technology service provider’s stock valued at $4,670,449,000 after acquiring an additional 746,732 shares in the last quarter. Pzena Investment Management LLC raised its holdings in Cognizant Technology Solutions by 2.2% during the second quarter. Pzena Investment Management LLC now owns 17,450,691 shares of the information technology service provider’s stock worth $1,361,677,000 after acquiring an additional 375,619 shares in the last quarter. Geode Capital Management LLC boosted its position in Cognizant Technology Solutions by 1.5% during the second quarter. Geode Capital Management LLC now owns 14,019,891 shares of the information technology service provider’s stock valued at $1,091,391,000 after purchasing an additional 206,532 shares during the last quarter. Invesco Ltd. grew its stake in Cognizant Technology Solutions by 13.3% in the first quarter. Invesco Ltd. now owns 12,077,445 shares of the information technology service provider’s stock valued at $923,925,000 after purchasing an additional 1,422,265 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Cognizant Technology Solutions by 117.5% in the first quarter. Goldman Sachs Group Inc. now owns 6,805,893 shares of the information technology service provider’s stock valued at $520,651,000 after purchasing an additional 3,677,145 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CTSH shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research note on Wednesday, November 19th. UBS Group set a $78.00 target price on shares of Cognizant Technology Solutions and gave the stock a “neutral” rating in a report on Thursday, October 30th. Wells Fargo & Company increased their price target on shares of Cognizant Technology Solutions from $82.00 to $87.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Royal Bank Of Canada decreased their price objective on shares of Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating for the company in a research report on Thursday, October 30th. Finally, Guggenheim restated a “buy” rating and set a $85.00 price objective (down from $90.00) on shares of Cognizant Technology Solutions in a research note on Tuesday, October 21st. Seven research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $85.19.

Cognizant Technology Solutions Trading Up 0.9%

CTSH stock opened at $77.72 on Friday. Cognizant Technology Solutions Corporation has a one year low of $65.15 and a one year high of $90.82. The stock has a market cap of $37.51 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 1.47 and a beta of 0.98. The company has a fifty day moving average price of $70.31 and a two-hundred day moving average price of $73.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 2.41.

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

Cognizant Technology Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 18th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, November 18th. Cognizant Technology Solutions’s payout ratio is currently 28.77%.

Insider Activity

In other news, CAO John Sunshin Kim sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $75.18, for a total value of $187,950.00. Following the transaction, the chief accounting officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is currently owned by corporate insiders.

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.