Cognizant Technology Solutions Corporation $CTSH Stake Lowered by IFM Investors Pty Ltd

IFM Investors Pty Ltd trimmed its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 13.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 80,791 shares of the information technology service provider’s stock after selling 12,355 shares during the quarter. IFM Investors Pty Ltd’s holdings in Cognizant Technology Solutions were worth $4,957,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CTSH. JPL Wealth Management LLC bought a new stake in Cognizant Technology Solutions in the 3rd quarter valued at $25,000. Lodestone Wealth Management LLC bought a new position in Cognizant Technology Solutions in the 4th quarter worth approximately $28,000. Flagship Harbor Advisors LLC bought a new position in Cognizant Technology Solutions in the fourth quarter valued at about $28,000. Physician Wealth Advisors Inc. raised its stake 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 last quarter. Finally, Prosperity Bancshares Inc bought a new position in shares of Cognizant Technology Solutions in the 4th quarter worth $29,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CTSH. Truist Financial started coverage on Cognizant Technology Solutions in a research report on Monday, June 1st. They set a “hold” rating and a $66.00 price target on the stock. Wells Fargo & Company dropped their price objective on Cognizant Technology Solutions from $98.00 to $83.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Citigroup boosted their price target on Cognizant Technology Solutions from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, June 8th. Morgan Stanley set a $44.00 price objective on Cognizant Technology Solutions and gave the company an “equal weight” rating in a research report on Tuesday, June 23rd. Finally, TD Cowen reduced their target price on Cognizant Technology Solutions from $62.00 to $47.00 and set a “hold” rating for the company in a research note on Friday, June 26th. Eleven analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Cognizant Technology Solutions has a consensus rating of “Hold” and an average price target of $68.35.

Cognizant Technology Solutions Price Performance

Cognizant Technology Solutions stock opened at $41.99 on Friday. The firm has a market cap of $19.90 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 0.88 and a beta of 0.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.23 and a quick ratio of 2.23. The stock’s fifty day moving average price is $49.48 and its two-hundred day moving average price is $63.94. Cognizant Technology Solutions Corporation has a one year low of $37.08 and a one year high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last released 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 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 analyst estimates of $5.41 billion. During the same period last year, the firm earned $1.23 EPS. The business’s quarterly revenue 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. As a group, research analysts expect that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 28.70%.

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

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.