Mizuho Markets Americas LLC Sells 75,000 Shares of Cognizant Technology Solutions Corporation $CTSH

Mizuho Markets Americas LLC reduced its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 575,000 shares of the information technology service provider’s stock after selling 75,000 shares during the quarter. Cognizant Technology Solutions comprises 0.9% of Mizuho Markets Americas LLC’s holdings, making the stock its 25th largest holding. Mizuho Markets Americas LLC’s holdings in Cognizant Technology Solutions were worth $47,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CTSH. JPL Wealth Management LLC bought a new position in Cognizant Technology Solutions during the 3rd quarter worth approximately $25,000. Lodestone Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions in the 4th quarter valued at $28,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Cognizant Technology Solutions during the fourth quarter worth $28,000. Physician Wealth Advisors Inc. increased its position in shares of 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 buying an additional 213 shares during the period. Finally, High Note Wealth LLC raised its stake 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 buying an additional 449 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH opened at $52.75 on Friday. The firm has a market capitalization of $25.00 billion, a P/E ratio of 11.47, a P/E/G ratio of 1.10 and a beta of 0.81. The firm’s 50-day moving average price is $57.05 and its 200-day moving average price is $69.83. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 1-year low of $45.48 and a 1-year high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 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 company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.41 billion. During the same period last year, the business posted $1.23 EPS. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. Equities research analysts anticipate that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions declared that its Board of Directors has initiated a share repurchase program on Monday, May 18th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the information technology service provider to purchase up to 9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Cognizant Technology Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, May 18th. This represents a $1.32 annualized dividend and a dividend yield of 2.5%. Cognizant Technology Solutions’s payout ratio is currently 28.70%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CTSH. Nomura upped their price target on shares of Cognizant Technology Solutions from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. UBS Group dropped their price objective on Cognizant Technology Solutions from $60.00 to $55.00 in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Monday, January 26th. Weiss Ratings cut Cognizant Technology Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Finally, Morgan Stanley lowered their target price on Cognizant Technology Solutions from $70.00 to $63.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $73.00.

Cognizant Technology Solutions Company 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.