Wealthfront Advisers LLC Has $4.32 Million Position in Cognizant Technology Solutions Corporation $CTSH

Wealthfront Advisers LLC grew its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 17.6% during the 3rd quarter, Holdings Channel reports. The firm owned 64,433 shares of the information technology service provider’s stock after purchasing an additional 9,660 shares during the quarter. Wealthfront Advisers LLC’s holdings in Cognizant Technology Solutions were worth $4,322,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CTSH. Johnson Investment Counsel Inc. increased its holdings in shares of Cognizant Technology Solutions by 5.7% during the third quarter. Johnson Investment Counsel Inc. now owns 15,414 shares of the information technology service provider’s stock worth $1,034,000 after buying an additional 830 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of Cognizant Technology Solutions by 3.4% in the third quarter. Linden Thomas Advisory Services LLC now owns 53,189 shares of the information technology service provider’s stock valued at $3,567,000 after purchasing an additional 1,738 shares in the last quarter. Candriam S.C.A. lifted its holdings in Cognizant Technology Solutions by 34.9% during the 3rd quarter. Candriam S.C.A. now owns 45,996 shares of the information technology service provider’s stock worth $3,085,000 after buying an additional 11,909 shares in the last quarter. Plato Investment Management Ltd boosted its position in Cognizant Technology Solutions by 57.1% in the 3rd quarter. Plato Investment Management Ltd now owns 17,091 shares of the information technology service provider’s stock valued at $1,138,000 after buying an additional 6,214 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV acquired a new stake in shares of Cognizant Technology Solutions in the 3rd quarter valued at $647,000. 92.44% of the stock is owned by institutional investors.

Cognizant Technology Solutions Trading Down 7.2%

Shares of NASDAQ:CTSH opened at $65.83 on Friday. The stock has a market capitalization of $31.77 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 1.54 and a beta of 0.95. The company’s 50-day moving average price is $82.32 and its two-hundred day moving average price is $74.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.34 and a quick ratio of 2.36. Cognizant Technology Solutions Corporation has a one year low of $65.00 and a one year high of $90.82.

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, beating analysts’ consensus estimates 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 firm had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.31 billion. During the same period last year, the company earned $1.21 earnings per share. The business’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. On average, equities analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Wednesday, February 18th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, February 18th. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. Cognizant Technology Solutions’s payout ratio is presently 27.25%.

Insiders Place Their Bets

In other news, CEO Ravi Kumar Singisetti sold 2,950 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $85.06, for a total transaction of $250,927.00. Following the completion of the sale, the chief executive officer owned 75,209 shares in the company, valued at approximately $6,397,277.54. This trade represents a 3.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Surya Gummadi sold 1,728 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $83.06, for a total transaction of $143,527.68. Following the completion of the transaction, the insider owned 25,641 shares in the company, valued at approximately $2,129,741.46. This trade represents a 6.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 29,434 shares of company stock worth $2,460,809 in the last quarter. Insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

CTSH has been the topic of several recent research reports. Mizuho set a $87.00 price target on Cognizant Technology Solutions in a report on Monday. Citigroup reissued a “neutral” rating and set a $86.00 price objective (up previously from $75.00) on shares of Cognizant Technology Solutions in a research note on Thursday, January 22nd. Guggenheim reissued a “buy” rating and issued a $100.00 target price (up from $95.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, January 28th. JPMorgan Chase & Co. increased their price objective on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $84.00 price objective on shares of Cognizant Technology Solutions in a report on Wednesday, October 29th. Ten research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $90.17.

Cognizant Technology Solutions Company 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.