Fjarde AP Fonden Fourth Swedish National Pension Fund Has $19.72 Million Position in Cognizant Technology Solutions Corporation $CTSH

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 57.1% during the first quarter, HoldingsChannel reports. The firm owned 321,399 shares of the information technology service provider’s stock after buying an additional 116,779 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Cognizant Technology Solutions were worth $19,718,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Evolve Private Wealth LLC acquired a new stake in shares of Cognizant Technology Solutions in the 4th quarter valued at approximately $2,642,000. Temasek Holdings Private Ltd acquired a new position in Cognizant Technology Solutions in the 3rd quarter valued at about $55,217,000. OFI Invest Asset Management bought a new position in Cognizant Technology Solutions in the 4th quarter valued at about $8,421,000. Arrowstreet Capital Limited Partnership lifted its position in 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 worth $238,565,000 after acquiring an additional 734,337 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its position in Cognizant Technology Solutions by 44.4% during the fourth quarter. Corient Private Wealth LLC now owns 108,131 shares of the information technology service provider’s stock worth $8,977,000 after acquiring an additional 33,248 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

CTSH stock opened at $41.99 on Friday. The stock has a market cap of $19.90 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 0.88 and a beta of 0.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.23 and a quick ratio of 2.23. The company has a 50 day simple moving average of $49.48 and a 200 day simple moving average of $63.94. Cognizant Technology Solutions Corporation has a 1 year low of $37.08 and a 1 year high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. The firm had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.41 billion. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.23 earnings per share. 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 fiscal year.

Cognizant Technology Solutions announced that its board has authorized a stock buyback program on Monday, May 18th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the information technology service provider to repurchase up to 9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Cognizant Technology Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 28.70%.

Analyst Upgrades and Downgrades

CTSH has been the topic of several analyst reports. Wedbush raised Cognizant Technology Solutions from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $56.00 to $70.00 in a report on Monday, June 8th. JPMorgan Chase & Co. decreased their target price on shares of Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. TD Cowen cut their price target 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. The Goldman Sachs Group set a $75.00 price objective on shares of Cognizant Technology Solutions in a research note on Wednesday, April 29th. Finally, Susquehanna cut their target price on Cognizant Technology Solutions from $98.00 to $88.00 and set a “positive” rating for the company in a research note on Friday, May 1st. Eleven equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, Cognizant Technology Solutions presently has a consensus rating of “Hold” and an average target price of $68.35.

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.