Fortem Financial Group LLC Makes New Investment in Cognizant Technology Solutions Corporation $CTSH

Fortem Financial Group LLC bought a new position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the fourth quarter, HoldingsChannel.com reports. The firm bought 9,981 shares of the information technology service provider’s stock, valued at approximately $828,000.

Other institutional investors also recently bought and sold shares of the company. JPL Wealth Management LLC purchased a new stake in Cognizant Technology Solutions during the third quarter worth $25,000. Lodestone Wealth Management LLC purchased a new stake in Cognizant Technology Solutions during the fourth quarter worth $28,000. Flagship Harbor Advisors LLC purchased a new stake in Cognizant Technology Solutions during the fourth quarter worth $28,000. Physician Wealth Advisors Inc. boosted its position in Cognizant Technology Solutions by 165.1% during the fourth quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock worth $28,000 after purchasing an additional 213 shares in the last quarter. Finally, High Note Wealth LLC boosted its position in Cognizant Technology Solutions by 22,450.0% during the third quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock worth $30,000 after purchasing an additional 449 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wedbush decreased their target price on Cognizant Technology Solutions from $61.00 to $56.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Nomura boosted their target price on Cognizant Technology Solutions from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings downgraded Cognizant Technology Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. JPMorgan Chase & Co. reduced their price objective on Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. Finally, Robert W. Baird set a $72.00 price objective on Cognizant Technology Solutions and gave the company a “neutral” rating in a research report on Friday, April 10th. Ten analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Cognizant Technology Solutions presently has an average rating of “Hold” and an average price target of $75.00.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ:CTSH opened at $51.68 on Monday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 52-week low of $50.19 and a 52-week high of $87.03. The stock’s fifty day simple moving average is $60.24 and its 200-day simple moving average is $71.35. The company has a market capitalization of $24.49 billion, a P/E ratio of 11.23, a P/E/G ratio of 1.09 and a beta of 0.81.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.07. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The business had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.41 billion. During the same period in the prior year, the business earned $1.23 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, equities research analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio is currently 28.70%.

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.