Cognizant Technology Solutions Corporation $CTSH Holdings Lifted by Dalton Investments Inc.

Dalton Investments Inc. increased its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 32.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 288,138 shares of the information technology service provider’s stock after buying an additional 71,100 shares during the quarter. Cognizant Technology Solutions accounts for approximately 17.7% of Dalton Investments Inc.’s holdings, making the stock its 2nd biggest position. Dalton Investments Inc.’s holdings in Cognizant Technology Solutions were worth $23,915,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Temasek Holdings Private Ltd purchased a new position in shares of Cognizant Technology Solutions during the third quarter valued at $55,217,000. OFI Invest Asset Management purchased a new position in shares of Cognizant Technology Solutions during the fourth quarter valued at $8,421,000. LSV Asset Management grew its holdings in shares of Cognizant Technology Solutions by 4.3% during the third quarter. LSV Asset Management now owns 1,749,490 shares of the information technology service provider’s stock valued at $117,338,000 after buying an additional 71,711 shares in the last quarter. Todd Asset Management LLC grew its stake in Cognizant Technology Solutions by 23.7% in the third quarter. Todd Asset Management LLC now owns 548,763 shares of the information technology service provider’s stock valued at $36,806,000 after purchasing an additional 105,197 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Cognizant Technology Solutions by 0.8% in the third quarter. Vanguard Group Inc. now owns 60,348,442 shares of the information technology service provider’s stock valued at $4,047,570,000 after purchasing an additional 493,912 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

NASDAQ CTSH opened at $51.18 on Friday. Cognizant Technology Solutions Corporation has a twelve month low of $45.48 and a twelve month high of $87.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a market capitalization of $24.25 billion, a PE ratio of 11.13, a P/E/G ratio of 1.09 and a beta of 0.81. The stock has a 50-day simple moving average of $54.97 and a 200 day simple moving average of $67.87.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.07. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.41 billion. During the same quarter in the previous year, the firm earned $1.23 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. Research analysts anticipate that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.32 annualized dividend and a yield of 2.6%. Cognizant Technology Solutions’s dividend payout ratio is 28.70%.

Cognizant Technology Solutions declared that its board has approved a stock repurchase plan on Monday, May 18th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the information technology service provider to buy up to 9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have commented on CTSH. Wedbush upgraded Cognizant Technology Solutions from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $56.00 to $70.00 in a research note on Monday. Dbs Bank lowered their target price on Cognizant Technology Solutions from $80.00 to $66.00 in a research note on Thursday, May 7th. Robert W. Baird set a $72.00 target price on Cognizant Technology Solutions and gave the company a “neutral” rating in a research note on Friday, April 10th. JPMorgan Chase & Co. lowered their target price on Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 28th. Finally, Berenberg Bank reduced their price target on 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. Eleven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $73.50.

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.