Avantra Family Wealth Inc. Lowers Stake in Cognizant Technology Solutions Corporation $CTSH

Avantra Family Wealth Inc. reduced its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 9,558 shares of the information technology service provider’s stock after selling 190 shares during the period. Avantra Family Wealth Inc.’s holdings in Cognizant Technology Solutions were worth $746,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. SteelPeak Wealth LLC purchased a new position in Cognizant Technology Solutions during the 2nd quarter worth $2,550,000. Eads & Heald Wealth Management grew its position in Cognizant Technology Solutions by 1.4% during the 2nd quarter. Eads & Heald Wealth Management now owns 18,144 shares of the information technology service provider’s stock worth $1,416,000 after purchasing an additional 245 shares during the last quarter. DAVENPORT & Co LLC grew its position in Cognizant Technology Solutions by 4.0% during the 2nd quarter. DAVENPORT & Co LLC now owns 14,863 shares of the information technology service provider’s stock worth $1,160,000 after purchasing an additional 566 shares during the last quarter. Simplicity Wealth LLC grew its position in Cognizant Technology Solutions by 40.9% during the 2nd quarter. Simplicity Wealth LLC now owns 4,501 shares of the information technology service provider’s stock worth $351,000 after purchasing an additional 1,307 shares during the last quarter. Finally, Berger Financial Group Inc grew its position in Cognizant Technology Solutions by 1.5% during the 2nd quarter. Berger Financial Group Inc now owns 72,577 shares of the information technology service provider’s stock worth $5,663,000 after purchasing an additional 1,083 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Stock Up 0.2%

Shares of NASDAQ CTSH opened at $67.80 on Tuesday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 52 week low of $65.17 and a 52 week high of $90.82. The firm has a 50-day moving average price of $70.00 and a 200 day moving average price of $74.32. The stock has a market capitalization of $33.11 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 1.41 and a beta of 0.95.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.26 by $0.05. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The firm had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.17 billion. During the same quarter last year, the business earned $1.17 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. Equities research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were paid a $0.31 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 25.20%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. lowered their target price on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a “hold” rating and a $80.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cognizant Technology Solutions in a report on Saturday, September 27th. Finally, Evercore ISI assumed coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an “outperform” rating and a $100.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $86.79.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.