Eurizon Capital SGR S.p.A. Invests $46.24 Million in Cognizant Technology Solutions Corporation $CTSH

Eurizon Capital SGR S.p.A. purchased a new position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the fourth quarter, Holdings Channel.com reports. The fund purchased 557,016 shares of the information technology service provider’s stock, valued at approximately $46,237,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Checchi Capital Advisers LLC increased its holdings in shares of Cognizant Technology Solutions by 3.4% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,852 shares of the information technology service provider’s stock worth $320,000 after buying an additional 127 shares during the last quarter. Unison Advisors LLC increased its holdings in shares of Cognizant Technology Solutions by 0.5% during the 4th quarter. Unison Advisors LLC now owns 30,095 shares of the information technology service provider’s stock worth $2,498,000 after buying an additional 138 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of 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 buying an additional 143 shares during the last quarter. Security National Bank of SO Dak increased its holdings in Cognizant Technology Solutions by 0.6% in the 2nd quarter. Security National Bank of SO Dak now owns 24,635 shares of the information technology service provider’s stock valued at $1,922,000 after purchasing an additional 150 shares during the last quarter. Finally, Haven Private LLC increased its holdings in Cognizant Technology Solutions by 1.9% in the 3rd quarter. Haven Private LLC now owns 8,451 shares of the information technology service provider’s stock valued at $567,000 after purchasing an additional 157 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Cognizant Technology Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Nomura lifted their target price on shares of Cognizant Technology Solutions from $92.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Jefferies Financial Group dropped their target price on shares of Cognizant Technology Solutions from $80.00 to $65.00 and set a “buy” rating for the company in a report on Monday, May 4th. BMO Capital Markets dropped their target price on shares of Cognizant Technology Solutions from $83.00 to $63.00 in a report on Thursday, April 30th. Finally, Morgan Stanley dropped their target price on shares of Cognizant Technology Solutions from $70.00 to $63.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Ten analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $73.00.

Cognizant Technology Solutions Stock Performance

Shares of CTSH stock opened at $55.76 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 52 week low of $45.48 and a 52 week high of $87.03. The stock has a market capitalization of $26.42 billion, a PE ratio of 12.12, a P/E/G ratio of 1.17 and a beta of 0.81. The firm has a 50 day moving average of $56.31 and a two-hundred day moving average of $69.14.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 EPS for the quarter, beating the consensus estimate 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 company had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.41 billion. During the same quarter last year, the company posted $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. On average, research analysts predict that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.70%.

Cognizant Technology Solutions declared that its Board of Directors has approved a stock buyback plan 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 reacquire up to 9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.