Swiss National Bank Boosts Stake in Cognizant Technology Solutions Corporation $CTSH

Swiss National Bank grew its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 7.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,497,200 shares of the information technology service provider’s stock after acquiring an additional 98,800 shares during the quarter. Swiss National Bank’s holdings in Cognizant Technology Solutions were worth $116,827,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CTSH. Vanguard Group Inc. boosted its stake 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 purchasing an additional 746,732 shares in the last quarter. Pzena Investment Management LLC lifted its stake in Cognizant Technology Solutions by 2.2% in 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 purchasing an additional 375,619 shares during 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 buying an additional 206,532 shares during the period. Invesco Ltd. grew its stake in shares of Cognizant Technology Solutions by 13.3% during 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 buying an additional 1,422,265 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of 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 worth $520,651,000 after buying an additional 3,677,145 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Price Performance

CTSH stock opened at $75.98 on Friday. 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 Corporation has a 1 year low of $65.15 and a 1 year high of $90.82. The firm has a 50-day moving average of $69.54 and a 200 day moving average of $73.72. The company has a market cap of $36.67 billion, a P/E ratio of 17.63, a PEG ratio of 1.47 and a beta of 0.98.

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 for the quarter, topping 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 for the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the prior year, the business earned $1.25 EPS. The business’s revenue for the quarter 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. On average, sell-side analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have commented on CTSH shares. Mizuho set a $85.00 price target on Cognizant Technology Solutions in a research note on Thursday, October 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $84.00 target price on shares of Cognizant Technology Solutions in a research note on Wednesday, October 29th. Wells Fargo & Company upped their price target on shares of Cognizant Technology Solutions from $82.00 to $87.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. raised their price target on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research note on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cognizant Technology Solutions presently has an average rating of “Hold” and an average target price of $85.19.

Insiders Place Their Bets

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $75.18, for a total transaction of $187,950.00. Following the completion of the transaction, the chief accounting officer owned 36,630 shares of the company’s stock, valued at approximately $2,753,843.40. This trade represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.32% of the company’s stock.

Cognizant Technology Solutions Profile

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.