Swiss Life Asset Management Ltd Has $12.44 Million Stake in Cognizant Technology Solutions Corporation $CTSH

Swiss Life Asset Management Ltd lifted its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 40.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 185,409 shares of the information technology service provider’s stock after purchasing an additional 52,990 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Cognizant Technology Solutions were worth $12,435,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in Cognizant Technology Solutions in the 2nd quarter valued at approximately $487,526,000. CIBC Bancorp USA Inc. bought a new position in shares of Cognizant Technology Solutions during the 3rd quarter worth approximately $201,834,000. Voloridge Investment Management LLC grew its stake in shares of Cognizant Technology Solutions by 801.4% during the 3rd quarter. Voloridge Investment Management LLC now owns 2,104,276 shares of the information technology service provider’s stock worth $141,134,000 after acquiring an additional 1,870,834 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Cognizant Technology Solutions by 144.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,631,890 shares of the information technology service provider’s stock valued at $176,521,000 after purchasing an additional 1,554,648 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Cognizant Technology Solutions by 59.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,778,252 shares of the information technology service provider’s stock valued at $253,407,000 after purchasing an additional 1,407,776 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Insider Transactions at Cognizant Technology Solutions

In other news, insider Surya Gummadi sold 1,728 shares of the firm’s 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 directly owned 25,641 shares of the company’s stock, valued at $2,129,741.46. This trade represents a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Patsalos-Fox sold 4,000 shares of Cognizant Technology Solutions stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $85.30, for a total value of $341,200.00. Following the transaction, the director owned 37,729 shares of the company’s stock, valued at $3,218,283.70. This represents a 9.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 13,859 shares of company stock valued at $1,172,110 in the last quarter. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CTSH has been the subject of several recent research reports. Guggenheim restated a “buy” rating and set a $100.00 target price (up from $95.00) on shares of Cognizant Technology Solutions in a report on Wednesday, January 28th. TD Cowen lowered their price target on shares of Cognizant Technology Solutions from $85.00 to $71.00 and set a “hold” rating on the stock in a research note on Friday, March 13th. Berenberg Bank set a $107.00 price target on shares of Cognizant Technology Solutions and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Royal Bank Of Canada raised their price objective on Cognizant Technology Solutions from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Thursday, February 5th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $98.00 target price on shares of Cognizant Technology Solutions in a research report on Friday, January 23rd. Nine analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $88.78.

Cognizant Technology Solutions Price Performance

Shares of CTSH opened at $62.07 on Friday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.04. The company’s fifty day simple moving average is $71.77 and its 200 day simple moving average is $73.47. Cognizant Technology Solutions Corporation has a 1-year low of $59.35 and a 1-year high of $87.03. The company has a market cap of $29.68 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 1.33 and a beta of 0.99.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.31 billion. During the same quarter last year, the company posted $1.21 earnings per share. The company’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. On average, research analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Wednesday, February 18th were paid a $0.33 dividend. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, February 18th. This represents a $1.32 annualized dividend and a yield of 2.1%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 29.01%.

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.