ProShare Advisors LLC Grows Stake in Cognizant Technology Solutions Corporation $CTSH

ProShare Advisors LLC raised its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 33.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 874,435 shares of the information technology service provider’s stock after purchasing an additional 220,091 shares during the quarter. ProShare Advisors LLC’s holdings in Cognizant Technology Solutions were worth $72,578,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of Cognizant Technology Solutions during the fourth quarter valued at approximately $214,000. Geneos Wealth Management Inc. raised its stake in shares of Cognizant Technology Solutions by 118.8% during the first 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. Acadian Asset Management LLC purchased a new stake in shares of Cognizant Technology Solutions during the first quarter valued at approximately $142,000. Cresset Asset Management LLC raised its stake in shares of Cognizant Technology Solutions by 11.4% during the second quarter. Cresset Asset Management LLC now owns 9,160 shares of the information technology service provider’s stock valued at $715,000 after purchasing an additional 935 shares during the period. Finally, Jump Financial LLC raised its stake in shares of Cognizant Technology Solutions by 231.4% during the second quarter. Jump Financial LLC now owns 29,667 shares of the information technology service provider’s stock valued at $2,315,000 after purchasing an additional 20,716 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Stock Down 1.0%

Shares of NASDAQ:CTSH opened at $50.88 on Wednesday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04. The company has a fifty day simple moving average of $57.72 and a 200 day simple moving average of $70.24. The firm has a market cap of $24.11 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 1.08 and a beta of 0.81. Cognizant Technology Solutions Corporation has a 12-month low of $45.48 and a 12-month high of $87.03.

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

Cognizant Technology Solutions Announces Dividend

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

Cognizant Technology Solutions announced that its Board of Directors has authorized a stock buyback plan on Monday, May 18th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the information technology service provider to repurchase up to 9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group set a $75.00 price objective on shares of Cognizant Technology Solutions in a research note on Wednesday, April 29th. Robert W. Baird set a $72.00 price objective on shares of Cognizant Technology Solutions and gave the company a “neutral” rating in a research note on Friday, April 10th. Berenberg Bank dropped their target price on Cognizant Technology Solutions from $107.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Dbs Bank dropped their target price on Cognizant Technology Solutions from $80.00 to $66.00 in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada lifted their target price on Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 5th. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, Cognizant Technology Solutions presently has a consensus rating of “Hold” and a consensus target price of $73.00.

Cognizant Technology Solutions News Summary

Here are the key news stories impacting Cognizant Technology Solutions this week:

• Positive Sentiment: Cognizant raised its 2026 share repurchase target by $1 billion to $2 billion and expanded its buyback authorization, a move that typically supports the stock by increasing demand and signaling management confidence. Cognizant Increases 2026 Share Repurchase Target by $1 Billion to $2 Billion
• Positive Sentiment: The company said its AI “Bridge” initiative is emerging as a key growth driver for IT services, reinforcing the view that Cognizant can use AI-led demand to accelerate revenue growth. Cognizant Technology Solutions sees AI ‘Bridge’ as next big IT services growth driver
• Positive Sentiment: Coverage around the buyback expansion and AI push suggests the market is reassessing CTSH’s investment case toward stronger shareholder returns and a better growth profile. Did Cognizant’s Expanded US$15.5 Billion Buyback and AI Push Just Shift CTSH’s Investment Narrative?

About Cognizant Technology Solutions

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.