Swedbank AB Trims Stock Position in Cognizant Technology Solutions Corporation $CTSH

Swedbank AB lessened its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 200,692 shares of the information technology service provider’s stock after selling 17,599 shares during the quarter. Swedbank AB’s holdings in Cognizant Technology Solutions were worth $16,657,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC acquired a new stake in Cognizant Technology Solutions in the 4th quarter valued at approximately $28,000. Physician Wealth Advisors Inc. increased its holdings in Cognizant Technology Solutions by 165.1% in the 4th quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock valued at $28,000 after purchasing an additional 213 shares during the last quarter. Lodestone Wealth Management LLC acquired a new stake in Cognizant Technology Solutions in the 4th quarter valued at approximately $28,000. Towne Trust Company N.A increased its holdings in Cognizant Technology Solutions by 85.0% in the 4th quarter. Towne Trust Company N.A now owns 370 shares of the information technology service provider’s stock valued at $31,000 after purchasing an additional 170 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in Cognizant Technology Solutions in the 3rd quarter valued at approximately $25,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Cognizant Technology Solutions stock opened at $52.75 on Tuesday. Cognizant Technology Solutions Corporation has a twelve month low of $45.48 and a twelve month high of $87.03. The stock’s fifty day simple moving average is $56.88 and its 200-day simple moving average is $69.67. 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 firm has a market capitalization of $25.00 billion, a P/E ratio of 11.47, a P/E/G ratio of 1.11 and a beta of 0.81.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $5.41 billion. During the same quarter in the prior year, the company earned $1.23 earnings per share. The company’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 analysts expect that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions announced that its board has authorized a share repurchase program on Monday, May 18th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the information technology service provider to reacquire up to 9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Cognizant Technology Solutions Dividend Announcement

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 dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.5%. Cognizant Technology Solutions’s dividend payout ratio is currently 28.70%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CTSH. HSBC dropped their target price on shares of Cognizant Technology Solutions from $98.00 to $80.00 in a report on Thursday, April 30th. Royal Bank Of Canada increased their price target on shares of 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. Citigroup reduced their price target on shares of Cognizant Technology Solutions from $58.00 to $51.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. BMO Capital Markets reduced their price target on shares of Cognizant Technology Solutions from $83.00 to $63.00 in a research report on Thursday, April 30th. Finally, Susquehanna dropped their price objective on shares of Cognizant Technology Solutions from $98.00 to $88.00 and set a “positive” rating for the company in a report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average 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.