Cognizant Technology Solutions Corporation $CTSH Shares Purchased by Tidal Investments LLC

Tidal Investments LLC boosted its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 20.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 224,697 shares of the information technology service provider’s stock after acquiring an additional 38,577 shares during the period. Tidal Investments LLC’s holdings in Cognizant Technology Solutions were worth $8,703,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Evolve Private Wealth LLC acquired a new stake in Cognizant Technology Solutions during the 4th quarter valued at $2,642,000. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Cognizant Technology Solutions in the first quarter worth $29,510,000. Ancora Advisors LLC purchased a new stake in shares of Cognizant Technology Solutions in the second quarter valued at $2,929,000. Pzena Investment Management LLC lifted its position in shares of Cognizant Technology Solutions by 14.9% in the first quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock valued at $1,243,096,000 after acquiring an additional 2,633,683 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Cognizant Technology Solutions by 34.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,874,274 shares of the information technology service provider’s stock valued at $238,565,000 after acquiring an additional 734,337 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CTSH shares. TD Cowen lifted their price objective on Cognizant Technology Solutions from $47.00 to $54.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. Citigroup restated a “neutral” rating and issued a $60.00 target price (up from $45.00) on shares of Cognizant Technology Solutions in a report on Thursday, July 30th. Royal Bank Of Canada set a $55.00 price target on shares of Cognizant Technology Solutions in a research note on Friday, July 24th. JPMorgan Chase & Co. lowered their price target on shares of Cognizant Technology Solutions from $74.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Finally, Berenberg Bank set a $59.00 price objective on shares of Cognizant Technology Solutions and gave the company a “hold” rating in a research report on Wednesday, June 17th. Ten analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Cognizant Technology Solutions presently has an average rating of “Hold” and an average target price of $63.00.

Cognizant Technology Solutions Stock Up 2.9%

CTSH opened at $60.00 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.18 and a quick ratio of 2.18. The stock has a market capitalization of $27.03 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 1.12 and a beta of 0.83. The business has a 50-day moving average of $54.42 and a two-hundred day moving average of $54.87. Cognizant Technology Solutions Corporation has a 12 month low of $37.08 and a 12 month high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.01). Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%.The company had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the company earned $1.31 earnings per share. The company’s 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. On average, research analysts expect that Cognizant Technology Solutions Corporation will post 5.74 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 18th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.2%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.39%.

Cognizant Technology Solutions announced that its Board of Directors has initiated a stock buyback 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 purchase up to 9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Cognizant Technology Solutions Profile

Cognizant Technology Solutions Corporation is a professional services and information technology company that helps organizations modernize their technology infrastructure, operations and customer experiences. The company provides consulting, systems integration, application development and maintenance, and business process services to clients across industries.

Its offerings include cloud enablement, software engineering, data and analytics, artificial intelligence, cybersecurity, automation and digital workplace solutions.