MGO One Seven LLC Decreases Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

MGO One Seven LLC trimmed its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 18.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,867 shares of the information technology service provider’s stock after selling 639 shares during the period. MGO One Seven LLC’s holdings in Cognizant Technology Solutions were worth $224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Board of the Pension Protection Fund increased its position in shares of Cognizant Technology Solutions by 385.7% during the 2nd quarter. Board of the Pension Protection Fund now owns 13,600 shares of the information technology service provider’s stock valued at $1,061,000 after purchasing an additional 10,800 shares during the last quarter. Apollon Wealth Management LLC increased its position in shares of Cognizant Technology Solutions by 7.0% during the 2nd quarter. Apollon Wealth Management LLC now owns 15,040 shares of the information technology service provider’s stock valued at $1,174,000 after purchasing an additional 979 shares during the last quarter. Louisbourg Investments Inc. increased its position in shares of Cognizant Technology Solutions by 7.5% during the 2nd quarter. Louisbourg Investments Inc. now owns 80,236 shares of the information technology service provider’s stock valued at $6,261,000 after purchasing an additional 5,600 shares during the last quarter. Aberdeen Group plc increased its position in shares of Cognizant Technology Solutions by 6.4% during the 2nd quarter. Aberdeen Group plc now owns 438,507 shares of the information technology service provider’s stock valued at $34,111,000 after purchasing an additional 26,241 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Cognizant Technology Solutions by 247.1% during the 2nd quarter. Blue Trust Inc. now owns 4,474 shares of the information technology service provider’s stock valued at $349,000 after purchasing an additional 3,185 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Price Performance

Shares of CTSH stock opened at $66.70 on Tuesday. Cognizant Technology Solutions Corporation has a twelve month low of $65.15 and a twelve month high of $90.82. The stock has a market capitalization of $32.58 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 1.37 and a beta of 0.95. The stock has a fifty day simple moving average of $69.18 and a two-hundred day simple moving average of $73.69. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04.

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

Cognizant Technology Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, August 18th. Cognizant Technology Solutions’s dividend payout ratio is 25.20%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CTSH shares. JPMorgan Chase & Co. cut their target price on 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. Wall Street Zen downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Guggenheim raised Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Friday, July 18th. Evercore ISI initiated coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued an “outperform” rating and a $100.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $86.79.

Cognizant Technology Solutions 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.