Cognizant Technology Solutions Corporation $CTSH Shares Purchased by Quantitative Investment Management LLC

Quantitative Investment Management LLC boosted its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 442.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,474 shares of the information technology service provider’s stock after purchasing an additional 40,359 shares during the period. Quantitative Investment Management LLC’s holdings in Cognizant Technology Solutions were worth $1,916,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Cognizant Technology Solutions in the 4th quarter valued at about $690,959,000. GQG Partners LLC purchased a new stake in shares of Cognizant Technology Solutions in the 4th quarter valued at approximately $673,651,000. Assenagon Asset Management S.A. raised its stake in shares of Cognizant Technology Solutions by 925.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,652,358 shares of the information technology service provider’s stock valued at $141,456,000 after acquiring an additional 3,296,205 shares during the period. Cibc World Markets Corp acquired a new position in shares of Cognizant Technology Solutions in the 4th quarter worth approximately $234,671,000. Finally, Pzena Investment Management LLC boosted its position in shares of Cognizant Technology Solutions by 14.9% during the 1st quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock worth $1,243,096,000 after purchasing an additional 2,633,683 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Performance

NASDAQ:CTSH opened at $64.58 on Tuesday. Cognizant Technology Solutions Corporation has a 52 week low of $37.08 and a 52 week high of $87.03. The company has a fifty day simple moving average of $50.65 and a two-hundred day simple moving average of $55.11. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.11. The company has a market cap of $29.09 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 1.28 and a beta of 0.81.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.01). The company had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.48 billion. Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.31 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. As a group, equities analysts anticipate that Cognizant Technology Solutions Corporation will post 5.71 earnings per share for the current fiscal year.

Cognizant Technology Solutions declared that its Board of Directors has approved a share buyback program on Monday, May 18th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the information technology service provider to purchase up to 9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Cognizant Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 18th were given a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.0%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.39%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Cognizant Technology Solutions from $61.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. TD Cowen raised their price target on Cognizant Technology Solutions from $47.00 to $54.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. Royal Bank Of Canada set a $55.00 price objective on Cognizant Technology Solutions in a research note on Friday, July 24th. Morgan Stanley reissued a “negative” rating and set a $51.00 target price (up from $44.00) on shares of Cognizant Technology Solutions in a research note on Thursday, July 30th. Finally, Truist Financial initiated coverage on Cognizant Technology Solutions in a report on Monday, June 1st. They set a “hold” rating and a $66.00 target price for the company. Ten analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cognizant Technology Solutions currently has a consensus rating of “Hold” and a consensus price target of $63.00.

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.