Riverview Trust Co Lowers Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Riverview Trust Co lowered its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 48.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 500 shares of the information technology service provider’s stock after selling 466 shares during the period. Riverview Trust Co’s holdings in Cognizant Technology Solutions were worth $39,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. lifted its position in Cognizant Technology Solutions by 60.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 393,484 shares of the information technology service provider’s stock worth $30,704,000 after acquiring an additional 147,803 shares during the period. LBP AM SA purchased a new stake in shares of Cognizant Technology Solutions during the second quarter worth approximately $8,541,000. Truist Financial Corp increased its stake in Cognizant Technology Solutions by 7.7% in the 2nd quarter. Truist Financial Corp now owns 62,720 shares of the information technology service provider’s stock valued at $4,894,000 after buying an additional 4,492 shares during the period. Greenleaf Trust increased its stake in Cognizant Technology Solutions by 3.4% in the 2nd quarter. Greenleaf Trust now owns 7,710 shares of the information technology service provider’s stock valued at $602,000 after buying an additional 255 shares during the period. Finally, GC Wealth Management RIA LLC acquired a new position in Cognizant Technology Solutions in the 2nd quarter valued at $505,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Cognizant Technology Solutions Stock Performance

NASDAQ:CTSH opened at $66.53 on Thursday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $70.53 and a two-hundred day moving average price of $74.61. Cognizant Technology Solutions Corporation has a twelve month low of $65.17 and a twelve month high of $90.82. The company has a market capitalization of $32.49 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 1.40 and a beta of 0.95.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The firm had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same quarter in the prior year, the company earned $1.17 EPS. Cognizant Technology Solutions’s revenue was up 8.1% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. As a group, research analysts expect that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The company also recently declared 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 dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 25.20%.

Analyst Ratings Changes

Several brokerages have recently weighed in on CTSH. Wall Street Zen downgraded shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Evercore ISI initiated 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. Deutsche Bank Aktiengesellschaft initiated coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They set a “hold” rating and a $80.00 target price for the company. Guggenheim raised Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. dropped their price objective on Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Five analysts have rated the stock with a Buy rating and ten have issued 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 $86.79.

About Cognizant Technology Solutions

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.