Swiss National Bank Reduces Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Swiss National Bank cut its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 5.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,421,000 shares of the information technology service provider’s stock after selling 76,200 shares during the period. Swiss National Bank’s holdings in Cognizant Technology Solutions were worth $95,306,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Cognizant Technology Solutions in the fourth quarter valued at approximately $214,000. Geneos Wealth Management Inc. lifted its stake in Cognizant Technology Solutions by 118.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock valued at $44,000 after buying an additional 309 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Cognizant Technology Solutions during the 1st quarter valued at $142,000. Summit Investment Advisors Inc. increased its position in Cognizant Technology Solutions by 2.2% during the first quarter. Summit Investment Advisors Inc. now owns 21,051 shares of the information technology service provider’s stock worth $1,610,000 after buying an additional 445 shares in the last quarter. Finally, AGF Management Ltd. raised its holdings in shares of Cognizant Technology Solutions by 17.2% in the second quarter. AGF Management Ltd. now owns 37,618 shares of the information technology service provider’s stock worth $2,935,000 after acquiring an additional 5,524 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Performance

Shares of CTSH stock opened at $62.98 on Wednesday. The company’s fifty day simple moving average is $75.34 and its 200-day simple moving average is $74.10. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 52 week low of $60.03 and a 52 week high of $87.03. The company has a market cap of $30.12 billion, a PE ratio of 13.84, a P/E/G ratio of 1.40 and a beta of 0.99.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, February 4th. The information technology service provider reported $1.35 EPS for the quarter, beating the consensus estimate of $1.32 by $0.03. Cognizant Technology Solutions had a return on equity of 17.17% and a net margin of 10.56%.The company had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.31 billion. During the same period last year, the company posted $1.21 earnings per share. The firm’s revenue 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. As a group, equities research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.1%. 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 payout ratio is currently 29.01%.

Insider Buying and Selling

In related news, Director Michael Patsalos-Fox sold 2,000 shares of the stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $84.23, for a total value of $168,460.00. Following the completion of the transaction, the director owned 29,729 shares of the company’s stock, valued at approximately $2,504,073.67. This represents a 6.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Surya Gummadi sold 1,728 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $83.06, for a total value of $143,527.68. Following the completion of the transaction, the insider directly owned 25,641 shares in the company, valued at approximately $2,129,741.46. The trade was a 6.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 23,809 shares of company stock valued at $2,010,778 in the last quarter. Company insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CTSH has been the topic of several analyst reports. Berenberg Bank set a $107.00 price target on shares of Cognizant Technology Solutions and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada upped their price objective on shares of Cognizant Technology Solutions from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note 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 target price for the company in a research note on Monday, January 26th. William Blair upgraded Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a report on Friday, November 21st. Finally, Mizuho set a $87.00 target price on Cognizant Technology Solutions in a research note on Monday, February 9th. Ten research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $90.17.

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.