Denali Advisors LLC Raises Position in Cognizant Technology Solutions Corporation $CTSH

Denali Advisors LLC boosted its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 20.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,616 shares of the information technology service provider’s stock after buying an additional 2,008 shares during the quarter. Denali Advisors LLC’s holdings in Cognizant Technology Solutions were worth $906,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CTSH. Hilltop National Bank purchased a new position in Cognizant Technology Solutions in the 2nd quarter valued at about $27,000. Geneos Wealth Management Inc. lifted its stake in Cognizant Technology Solutions by 118.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock worth $44,000 after purchasing an additional 309 shares in the last quarter. WPG Advisers LLC purchased a new position in Cognizant Technology Solutions in the 1st quarter worth approximately $61,000. Zions Bancorporation National Association UT purchased a new position in Cognizant Technology Solutions in the 1st quarter worth approximately $66,000. Finally, Golden State Wealth Management LLC lifted its stake in Cognizant Technology Solutions by 290.9% in the 1st quarter. Golden State Wealth Management LLC now owns 899 shares of the information technology service provider’s stock worth $69,000 after purchasing an additional 669 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CTSH has been the topic of a number of research reports. Evercore ISI initiated coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued an “outperform” rating and a $100.00 target price on the stock. Guggenheim reissued a “buy” rating and issued a $85.00 target price (down from $90.00) on shares of Cognizant Technology Solutions in a research note on Tuesday. Wells Fargo & Company began coverage on shares of Cognizant Technology Solutions in a research note on Tuesday. They issued an “overweight” rating and a $82.00 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They set a “hold” rating and a $80.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Cognizant Technology Solutions presently has a consensus rating of “Hold” and an average price target of $86.13.

Cognizant Technology Solutions Stock Down 0.6%

Cognizant Technology Solutions stock opened at $68.36 on Thursday. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.15 and a fifty-two week high of $90.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.41. The firm has a 50 day moving average price of $69.14 and a 200 day moving average price of $73.62. The company has a market capitalization of $33.39 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 1.43 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 for the quarter, beating 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 the consensus estimate of $5.17 billion. During the same quarter last year, the firm earned $1.17 EPS. The firm’s revenue for the quarter 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. Research analysts expect that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

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