Cognizant Technology Solutions Corporation $CTSH Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd lessened its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 9.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 131,499 shares of the information technology service provider’s stock after selling 13,966 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Cognizant Technology Solutions were worth $8,067,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Checchi Capital Advisers LLC increased its position in shares of Cognizant Technology Solutions by 3.4% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,852 shares of the information technology service provider’s stock worth $320,000 after purchasing an additional 127 shares in the last quarter. Unison Advisors LLC lifted its holdings in Cognizant Technology Solutions by 0.5% in the 4th quarter. Unison Advisors LLC now owns 30,095 shares of the information technology service provider’s stock valued at $2,498,000 after purchasing an additional 138 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in Cognizant Technology Solutions by 7.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,130 shares of the information technology service provider’s stock worth $177,000 after purchasing an additional 143 shares during the last quarter. Security National Bank of SO Dak grew its holdings in shares of Cognizant Technology Solutions by 0.6% during the second quarter. Security National Bank of SO Dak now owns 24,635 shares of the information technology service provider’s stock worth $1,922,000 after buying an additional 150 shares in the last quarter. Finally, Cidel Asset Management Inc. grew its holdings in shares of Cognizant Technology Solutions by 3.0% during the fourth quarter. Cidel Asset Management Inc. now owns 5,535 shares of the information technology service provider’s stock worth $459,000 after buying an additional 163 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CTSH has been the topic of several research reports. Guggenheim decreased their price target on shares of Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Royal Bank Of Canada set a $55.00 price objective on shares of Cognizant Technology Solutions in a research note on Friday. TD Cowen cut their price objective on shares of Cognizant Technology Solutions from $62.00 to $47.00 and set a “hold” rating for the company in a report on Friday, June 26th. Wells Fargo & Company decreased their target price on shares of Cognizant Technology Solutions from $83.00 to $61.00 and set an “overweight” rating on the stock in a research note on Friday, July 10th. Finally, The Goldman Sachs Group set a $75.00 price target on Cognizant Technology Solutions in a research report on Wednesday, April 29th. Ten research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, Cognizant Technology Solutions presently has an average rating of “Hold” and an average price target of $62.00.

Cognizant Technology Solutions Trading Up 5.7%

Shares of CTSH stock opened at $45.45 on Friday. The company’s 50-day moving average price is $47.14 and its 200-day moving average price is $59.67. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04. The stock has a market cap of $21.54 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 0.94 and a beta of 0.87. Cognizant Technology Solutions Corporation has a twelve month low of $37.08 and a twelve month high of $87.03.

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

Cognizant Technology Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th were issued a dividend of $0.33 per share. The ex-dividend date was Monday, May 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.9%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.70%.

Cognizant Technology Solutions declared that its Board of Directors has authorized a stock repurchase program on Monday, May 18th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the information technology service provider to repurchase up to 9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Key Stories Impacting Cognizant Technology Solutions

Here are the key news stories impacting Cognizant Technology Solutions this week:

• Positive Sentiment: Cognizant announced a strategic partnership with Gulf Edge to accelerate enterprise AI adoption in Southeast Asia, including Thailand. The deal highlights CTSH’s push into higher-growth AI services and could support longer-term revenue opportunities. Article Title
• Positive Sentiment: Investors appear to be buying ahead of Cognizant’s second-quarter earnings report on July 29, leaning on the company’s first-quarter momentum, which included revenue growth, strong bookings, and improved margin guidance. Article Title
• Positive Sentiment: Wall Street still broadly remains constructive: JPMorgan cut its price target to $55 from $74, but kept an overweight rating, while other recent analyst calls have been positive. That suggests expectations may be reset rather than deteriorating. Article Title
• Neutral Sentiment: Short-interest data did not show a meaningful change, so there is little evidence that the latest move is being driven by a short squeeze or bearish positioning.
• Negative Sentiment: The JPMorgan target cut reflects lower near-term upside expectations, and the stock remains well below its prior highs, which may temper enthusiasm if upcoming earnings disappoint.
• Negative Sentiment: Recent insider selling and mixed institutional ownership trends could be a modest headwind for sentiment, even though these factors do not appear to be the main driver today.

Cognizant Technology Solutions 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.