Cognizant Technology Solutions Corporation $CTSH Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 4.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 479,145 shares of the information technology service provider’s stock after selling 24,248 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Cognizant Technology Solutions were worth $36,618,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. acquired a new stake in Cognizant Technology Solutions during the 1st quarter worth about $41,722,000. Alyeska Investment Group L.P. acquired a new stake in Cognizant Technology Solutions during the 1st quarter worth about $36,571,000. Amundi grew its position in Cognizant Technology Solutions by 61.6% during the 1st quarter. Amundi now owns 4,519,912 shares of the information technology service provider’s stock worth $331,584,000 after purchasing an additional 1,723,335 shares during the period. Ancora Advisors LLC grew its position in Cognizant Technology Solutions by 0.9% during the 1st quarter. Ancora Advisors LLC now owns 90,542 shares of the information technology service provider’s stock worth $6,926,000 after purchasing an additional 790 shares during the period. Finally, Adage Capital Partners GP L.L.C. grew its position in Cognizant Technology Solutions by 50.4% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 561,450 shares of the information technology service provider’s stock worth $42,951,000 after purchasing an additional 188,200 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

NASDAQ:CTSH opened at $71.82 on Friday. Cognizant Technology Solutions Corporation has a one year low of $65.52 and a one year high of $90.82. The stock has a market cap of $35.08 billion, a PE ratio of 14.60, a P/E/G ratio of 1.50 and a beta of 0.93. The stock has a 50 day moving average price of $73.73 and a 200 day moving average price of $76.38. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.41.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.05. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The firm had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.17 billion. During the same period last year, the business earned $1.17 earnings per share. Cognizant Technology Solutions’s revenue was up 8.1% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. Equities research analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 25.20%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Evercore ISI started coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued an “outperform” rating and a $100.00 price objective for the company. Guggenheim upgraded shares of Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Friday, July 18th. Wall Street Zen lowered shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft started coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They set a “hold” rating and a $80.00 target price for the company. Finally, JPMorgan Chase & Co. reduced their target price on Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $86.07.

Cognizant Technology Solutions Company 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.