7,915 Shares in Cognizant Technology Solutions Corporation $CTSH Purchased by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC purchased a new stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 7,915 shares of the information technology service provider’s stock, valued at approximately $307,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Prosperity Bancshares Inc purchased a new position in shares of Cognizant Technology Solutions during the fourth quarter valued at approximately $29,000. JPL Wealth Management LLC purchased a new stake in shares of Cognizant Technology Solutions in the 3rd quarter worth approximately $25,000. Reflection Asset Management bought a new position in Cognizant Technology Solutions during the 4th quarter valued at approximately $40,000. MV Capital Management Inc. bought a new position in Cognizant Technology Solutions during the 4th quarter valued at approximately $42,000. Finally, Kingdom Financial Group LLC. purchased a new position in Cognizant Technology Solutions during the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Down 1.8%

CTSH stock opened at $63.39 on Wednesday. The stock has a market capitalization of $28.55 billion, a P/E ratio of 13.63, a P/E/G ratio of 1.21 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.18 and a quick ratio of 2.18. Cognizant Technology Solutions Corporation has a 1-year low of $37.08 and a 1-year high of $87.03. The business has a fifty day moving average price of $51.10 and a 200-day moving average price of $55.06.

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

Cognizant Technology Solutions declared that its board has authorized a stock repurchase plan 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 repurchase up to 9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

Cognizant Technology Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, August 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.39%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CTSH shares. Deutsche Bank Aktiengesellschaft set a $55.00 target price on Cognizant Technology Solutions in a research note on Friday, July 10th. UBS Group lowered their price target on Cognizant Technology Solutions from $60.00 to $55.00 in a research report on Monday, May 11th. Truist Financial started coverage on shares of Cognizant Technology Solutions in a research note on Monday, June 1st. They issued a “hold” rating and a $66.00 price target on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Cognizant Technology Solutions in a research note on Friday, August 7th. Finally, TD Cowen lifted their target price on shares of Cognizant Technology Solutions from $47.00 to $54.00 and gave the stock a “hold” rating in a report on Thursday, July 30th. Ten research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cognizant Technology Solutions has an average rating of “Hold” and an average price target of $63.00.

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.