Vanguard Personalized Indexing Management LLC Cuts Stock Position in Cognizant Technology Solutions Corporation $CTSH

Vanguard Personalized Indexing Management LLC lowered its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,255 shares of the information technology service provider’s stock after selling 1,352 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Cognizant Technology Solutions were worth $5,795,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CTSH. Brighton Jones LLC purchased a new stake in shares of Cognizant Technology Solutions in the 4th quarter worth approximately $214,000. Farther Finance Advisors LLC boosted its stake in Cognizant Technology Solutions by 14.0% during the 1st quarter. Farther Finance Advisors LLC now owns 4,814 shares of the information technology service provider’s stock valued at $368,000 after purchasing an additional 591 shares during the last quarter. GAMMA Investing LLC boosted its stake in Cognizant Technology Solutions by 19.9% during the 1st quarter. GAMMA Investing LLC now owns 12,059 shares of the information technology service provider’s stock valued at $923,000 after purchasing an additional 2,002 shares during the last quarter. Simon Quick Advisors LLC purchased a new stake in Cognizant Technology Solutions during the 1st quarter valued at $225,000. Finally, Fifth Third Bancorp boosted its stake in Cognizant Technology Solutions by 5.9% during the 1st quarter. Fifth Third Bancorp now owns 16,921 shares of the information technology service provider’s stock valued at $1,294,000 after purchasing an additional 936 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on CTSH shares. Deutsche Bank Aktiengesellschaft started coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They set a “hold” rating and a $80.00 target price on the stock. Wall Street Zen downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Evercore ISI started coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They set an “outperform” rating and a $100.00 target price on the stock. Guggenheim upgraded Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. dropped their price target on Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Five research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $86.79.

Cognizant Technology Solutions Price Performance

Shares of Cognizant Technology Solutions stock opened at $66.34 on Tuesday. Cognizant Technology Solutions Corporation has a one year low of $65.17 and a one year high of $90.82. The stock’s fifty day moving average is $69.51 and its 200 day moving average is $73.96. The stock has a market cap of $32.40 billion, a P/E ratio of 13.48, a P/E/G ratio of 1.37 and a beta of 0.95. 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 announced its earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, topping 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 company had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.17 billion. During the same period last year, the firm earned $1.17 EPS. Cognizant Technology Solutions’s revenue for the quarter 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. Sell-side analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a 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%.

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.