Koss Olinger Consulting LLC Reduces Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Koss Olinger Consulting LLC reduced its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,643 shares of the information technology service provider’s stock after selling 579 shares during the period. Koss Olinger Consulting LLC’s holdings in Cognizant Technology Solutions were worth $1,923,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Hilltop National Bank purchased a new stake in shares of Cognizant Technology Solutions in the 2nd quarter valued at $27,000. Geneos Wealth Management Inc. grew its position in Cognizant Technology Solutions by 118.8% during the first quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock valued at $44,000 after buying an additional 309 shares during the period. WPG Advisers LLC acquired a new stake in Cognizant Technology Solutions during the first quarter valued at $61,000. Zions Bancorporation National Association UT acquired a new stake in Cognizant Technology Solutions during the first quarter valued at $66,000. Finally, Golden State Wealth Management LLC grew its position in Cognizant Technology Solutions by 290.9% during the first quarter. Golden State Wealth Management LLC now owns 899 shares of the information technology service provider’s stock valued at $69,000 after buying an additional 669 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Stock Performance

CTSH opened at $67.86 on Monday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.04. The company has a market cap of $33.14 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 1.41 and a beta of 0.95. Cognizant Technology Solutions Corporation has a 52-week low of $65.15 and a 52-week high of $90.82. The firm’s fifty day simple moving average is $69.07 and its two-hundred day simple moving average is $73.69.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.05. The business had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.17 billion. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. Equities analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 18th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 25.20%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research report on Wednesday, October 8th. Wells Fargo & Company assumed coverage on shares of Cognizant Technology Solutions in a research report on Tuesday, October 21st. They set an “overweight” rating and a $82.00 price target on the stock. Evercore ISI assumed coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They set an “outperform” rating and a $100.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They set a “hold” rating and a $80.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.44.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.