Cognizant Technology Solutions Corporation $CTSH Shares Acquired by Louisbourg Investments Inc.

Louisbourg Investments Inc. boosted its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 14.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,986 shares of the information technology service provider’s stock after purchasing an additional 11,750 shares during the quarter. Louisbourg Investments Inc.’s holdings in Cognizant Technology Solutions were worth $6,170,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Hilltop National Bank acquired a new position in shares of Cognizant Technology Solutions during the second quarter valued at $27,000. NewSquare Capital LLC boosted its stake in Cognizant Technology Solutions by 71.8% during the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock valued at $29,000 after purchasing an additional 153 shares during the period. Geneos Wealth Management Inc. boosted its stake in Cognizant Technology Solutions by 118.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock valued at $44,000 after purchasing an additional 309 shares during the period. WPG Advisers LLC bought a new position in Cognizant Technology Solutions in the 1st quarter worth about $61,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Cognizant Technology Solutions in the second quarter valued at approximately $64,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada decreased their price objective on Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating for the company in a report on Thursday, October 30th. The Goldman Sachs Group reissued a “neutral” rating and set a $84.00 price target on shares of Cognizant Technology Solutions in a report on Wednesday, October 29th. Citigroup initiated coverage on shares of Cognizant Technology Solutions in a research note on Thursday, October 23rd. They set a “neutral” rating and a $75.00 price objective on the stock. Guggenheim reiterated a “buy” rating and issued a $85.00 target price (down previously from $90.00) on shares of Cognizant Technology Solutions in a research report on Tuesday, October 21st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research report on Monday. Seven equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $85.44.

Cognizant Technology Solutions Price Performance

Shares of Cognizant Technology Solutions stock opened at $85.41 on Friday. Cognizant Technology Solutions Corporation has a 52 week low of $65.15 and a 52 week high of $90.82. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.04. The stock has a market cap of $41.22 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 1.71 and a beta of 0.97. The company’s 50-day moving average price is $74.64 and its two-hundred day moving average price is $73.80.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.09. Cognizant Technology Solutions had a net margin of 10.20% and a return on equity of 17.00%. The company had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the previous year, the company posted $1.25 EPS. The business’s revenue was up 7.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. As a group, sell-side analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 18th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, November 18th. Cognizant Technology Solutions’s dividend payout ratio is 28.77%.

Insider Transactions at Cognizant Technology Solutions

In related news, CAO John Sunshin Kim sold 2,500 shares of Cognizant Technology Solutions stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $80.00, for a total value of $200,000.00. Following the transaction, the chief accounting officer directly owned 36,149 shares in the company, valued at $2,891,920. The trade was a 6.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ravi Kumar Singisetti sold 3,125 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $80.01, for a total value of $250,031.25. Following the sale, the chief executive officer directly owned 75,454 shares in the company, valued at $6,037,074.54. This trade represents a 3.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,256 shares of company stock valued at $1,233,684 in the last three months. 0.32% of the stock is currently owned by corporate insiders.

Cognizant Technology Solutions Profile

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.