Bank Julius Baer & Co. Ltd Zurich Raises Position in Cognizant Technology Solutions Corporation $CTSH

Bank Julius Baer & Co. Ltd Zurich raised its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 395.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 54,223 shares of the information technology service provider’s stock after acquiring an additional 43,280 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Cognizant Technology Solutions were worth $4,545,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new position in Cognizant Technology Solutions in the 3rd quarter valued at approximately $25,000. Lodestone Wealth Management LLC purchased a new position in Cognizant Technology Solutions in the 4th quarter valued at approximately $28,000. Flagship Harbor Advisors LLC purchased a new position in Cognizant Technology Solutions in the 4th quarter valued at approximately $28,000. Physician Wealth Advisors Inc. boosted its position in Cognizant Technology Solutions by 165.1% in the 4th quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock valued at $28,000 after buying an additional 213 shares during the period. Finally, High Note Wealth LLC boosted its position in Cognizant Technology Solutions by 22,450.0% in the 3rd quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock valued at $30,000 after buying an additional 449 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ:CTSH opened at $47.13 on Friday. 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 firm has a market capitalization of $22.33 billion, a P/E ratio of 10.25, a P/E/G ratio of 0.97 and a beta of 0.81. Cognizant Technology Solutions Corporation has a 12 month low of $45.48 and a 12 month high of $87.03. The company’s fifty day moving average price is $58.32 and its 200 day moving average price is $70.49.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. The company had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.41 billion. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. Cognizant Technology Solutions’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, sell-side analysts predict that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th will be paid a $0.33 dividend. The ex-dividend date is Monday, May 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%. Cognizant Technology Solutions’s payout ratio is currently 28.70%.

Analyst Upgrades and Downgrades

CTSH has been the subject of several recent research reports. Mizuho decreased their price target on shares of Cognizant Technology Solutions from $87.00 to $68.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Citigroup decreased their price objective on shares of Cognizant Technology Solutions from $58.00 to $51.00 and set a “neutral” rating for the company in a research report on Friday. Weiss Ratings cut shares of Cognizant Technology Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. Berenberg Bank decreased their price objective on shares of Cognizant Technology Solutions from $107.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Finally, Dbs Bank decreased their price objective on shares of Cognizant Technology Solutions from $80.00 to $66.00 in a research report on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $73.00.

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.