Mizuho Markets Americas LLC Reduces Position in Cognizant Technology Solutions Corporation $CTSH

Mizuho Markets Americas LLC lessened its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 98.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,110 shares of the information technology service provider’s stock after selling 568,890 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Cognizant Technology Solutions were worth $375,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CTSH. Evolve Private Wealth LLC purchased a new stake in shares of Cognizant Technology Solutions during the fourth quarter worth $2,642,000. OFI Invest Asset Management bought a new stake in shares of Cognizant Technology Solutions during the 4th quarter valued at $8,421,000. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Cognizant Technology Solutions during the 1st quarter worth about $29,510,000. Pzena Investment Management LLC boosted its stake in Cognizant Technology Solutions by 14.9% in the 1st quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock worth $1,243,096,000 after purchasing an additional 2,633,683 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Cognizant Technology Solutions by 34.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,874,274 shares of the information technology service provider’s stock worth $238,565,000 after purchasing an additional 734,337 shares during the period. Institutional investors own 92.44% of the company’s stock.

More Cognizant Technology Solutions News

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 Trading Up 5.7%

Shares of CTSH opened at $45.45 on Friday. Cognizant Technology Solutions Corporation has a 1-year low of $37.08 and a 1-year high of $87.03. The company has a market capitalization of $21.54 billion, a P/E ratio of 9.88, a P/E/G ratio of 0.94 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 firm’s 50 day simple moving average is $47.14 and its 200 day simple moving average is $59.67.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. The business had revenue of $5.41 billion during 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 business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.23 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. Sell-side analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

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

Cognizant Technology Solutions Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley set a $44.00 price target on shares of Cognizant Technology Solutions and gave the stock an “equal weight” rating in a report on Tuesday, June 23rd. The Goldman Sachs Group set a $75.00 price objective on shares of Cognizant Technology Solutions in a research note on Wednesday, April 29th. UBS Group lowered their target price on shares of Cognizant Technology Solutions from $60.00 to $55.00 in a research note on Monday, May 11th. Wells Fargo & Company reduced their price target on shares of Cognizant Technology Solutions from $83.00 to $61.00 and set an “overweight” rating for the company in a research report on Friday, July 10th. Finally, Robert W. Baird decreased their price target on shares of Cognizant Technology Solutions from $72.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, July 10th. Ten investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $62.00.

About Cognizant Technology Solutions

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.