Stance Capital LLC Has $1.38 Million Stake in Cognizant Technology Solutions Corporation $CTSH

Stance Capital LLC lifted its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 2,316.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,673 shares of the information technology service provider’s stock after buying an additional 15,983 shares during the quarter. Stance Capital LLC’s holdings in Cognizant Technology Solutions were worth $1,384,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new stake in Cognizant Technology Solutions in the third quarter valued at approximately $25,000. Lodestone Wealth Management LLC acquired a new position in shares of Cognizant Technology Solutions during the 4th quarter worth $28,000. Flagship Harbor Advisors LLC bought a new position in shares of Cognizant Technology Solutions during the 4th quarter valued at $28,000. Physician Wealth Advisors Inc. raised its holdings in shares of Cognizant Technology Solutions by 165.1% during 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 in the last quarter. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Cognizant Technology Solutions in the 4th quarter valued at $29,000. Institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CTSH. Weiss Ratings cut shares of Cognizant Technology Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. reduced their price target on Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. BMO Capital Markets decreased their price target on Cognizant Technology Solutions from $83.00 to $63.00 in a research note on Thursday, April 30th. The Goldman Sachs Group set a $75.00 price objective on Cognizant Technology Solutions in a report on Wednesday, April 29th. Finally, Evercore cut their price objective on Cognizant Technology Solutions from $100.00 to $70.00 in a research note on Thursday, April 30th. Ten investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $72.50.

Cognizant Technology Solutions Stock Performance

NASDAQ:CTSH opened at $43.70 on Friday. Cognizant Technology Solutions Corporation has a 1 year low of $43.40 and a 1 year high of $87.03. The firm’s fifty day simple moving average is $53.35 and its 200 day simple moving average is $66.75. 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 $20.71 billion, a PE ratio of 9.50, a PEG ratio of 0.92 and a beta of 0.81.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.33 by $0.07. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The firm had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.41 billion. During the same quarter last year, the firm posted $1.23 EPS. The business’s quarterly 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. On average, sell-side analysts anticipate that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, May 18th. Cognizant Technology Solutions’s payout ratio is currently 28.70%.

Cognizant Technology Solutions announced that its board has initiated a share buyback plan on Monday, May 18th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the information technology service provider to reacquire up to 9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

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.