NBT Bank N A NY Sells 200 Shares of Cognizant Technology Solutions Corporation $CTSH

NBT Bank N A NY lessened its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 14.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,188 shares of the information technology service provider’s stock after selling 200 shares during the period. NBT Bank N A NY’s holdings in Cognizant Technology Solutions were worth $93,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Conning Inc. increased its stake in Cognizant Technology Solutions by 4.4% during the 1st quarter. Conning Inc. now owns 3,547 shares of the information technology service provider’s stock valued at $271,000 after purchasing an additional 149 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in Cognizant Technology Solutions by 1.7% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,733 shares of the information technology service provider’s stock valued at $668,000 after purchasing an additional 149 shares in the last quarter. Private Trust Co. NA increased its stake in Cognizant Technology Solutions by 8.6% during the 1st quarter. Private Trust Co. NA now owns 1,913 shares of the information technology service provider’s stock valued at $146,000 after purchasing an additional 151 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its stake in Cognizant Technology Solutions by 4.0% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 3,969 shares of the information technology service provider’s stock valued at $304,000 after purchasing an additional 154 shares in the last quarter. Finally, Cairn Investment Group Inc. increased its stake in Cognizant Technology Solutions by 0.3% during the 1st quarter. Cairn Investment Group Inc. now owns 54,755 shares of the information technology service provider’s stock valued at $4,189,000 after purchasing an additional 172 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

CTSH has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research note on Wednesday. Evercore ISI initiated coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They set an “outperform” rating and a $100.00 price target on the stock. Wall Street Zen downgraded shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. dropped their price target on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Finally, Guggenheim raised shares of Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Friday, July 18th. Five research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $86.79.

Cognizant Technology Solutions Price Performance

NASDAQ CTSH opened at $68.61 on Friday. The stock has a market cap of $33.51 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 1.42 and a beta of 0.95. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 12 month low of $65.17 and a 12 month high of $90.82. The company’s 50 day moving average is $69.70 and its two-hundred day moving average is $74.17.

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, beating the consensus estimate of $1.26 by $0.05. The firm had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.17 billion. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 earnings per share. 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 anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, August 18th. Cognizant Technology Solutions’s payout ratio is currently 25.20%.

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.