Cognizant Technology Solutions Corporation $CTSH Holdings Decreased by Metis Global Partners LLC

Metis Global Partners LLC cut its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 11.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,679 shares of the information technology service provider’s stock after selling 2,271 shares during the quarter. Metis Global Partners LLC’s holdings in Cognizant Technology Solutions were worth $1,379,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Hilltop National Bank acquired a new stake in shares of Cognizant Technology Solutions during the second quarter worth $27,000. NewSquare Capital LLC grew its position in shares of Cognizant Technology Solutions by 71.8% during the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock valued at $29,000 after buying an additional 153 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Cognizant Technology Solutions by 118.8% during the first quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock worth $44,000 after acquiring an additional 309 shares during the period. WPG Advisers LLC bought a new position in Cognizant Technology Solutions in the first quarter worth about $61,000. Finally, Zions Bancorporation National Association UT acquired a new position in Cognizant Technology Solutions in the first quarter valued at approximately $66,000. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Trading Down 0.4%

Shares of CTSH stock opened at $72.88 on Tuesday. Cognizant Technology Solutions Corporation has a 1 year low of $65.15 and a 1 year high of $90.82. The firm has a market capitalization of $35.59 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 1.47 and a beta of 0.98. The stock has a fifty day moving average of $69.16 and a two-hundred day moving average of $73.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.36.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.09. The business had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Cognizant Technology Solutions had a net margin of 10.20% and a return on equity of 17.00%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. As a group, research analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 18th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, November 18th. Cognizant Technology Solutions’s dividend payout ratio is currently 28.77%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Citigroup started coverage on Cognizant Technology Solutions in a research report on Thursday, October 23rd. They set a “neutral” rating and a $75.00 price target on the stock. Wells Fargo & Company upped their price objective on Cognizant Technology Solutions from $82.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft assumed coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued a “hold” rating and a $80.00 target price on the stock. Mizuho set a $85.00 price target on shares of Cognizant Technology Solutions in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Six research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, Cognizant Technology Solutions presently has a consensus rating of “Hold” and a consensus target price of $85.19.

Insider Activity

In related news, CAO John Sunshin Kim sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $75.18, for a total transaction of $187,950.00. Following the transaction, the chief accounting officer owned 36,630 shares in the company, valued at $2,753,843.40. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is owned by company insiders.

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.