MKP Capital Management L.L.C. Invests $12.45 Million in Cognizant Technology Solutions Corporation $CTSH

MKP Capital Management L.L.C. acquired a new position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 150,000 shares of the information technology service provider’s stock, valued at approximately $12,450,000. Cognizant Technology Solutions makes up approximately 0.4% of MKP Capital Management L.L.C.’s holdings, making the stock its 20th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new position in Cognizant Technology Solutions in the fourth quarter valued at approximately $28,000. Physician Wealth Advisors Inc. boosted its holdings in Cognizant Technology Solutions by 165.1% in the fourth quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock valued at $28,000 after purchasing an additional 213 shares in the last quarter. Lodestone Wealth Management LLC acquired a new position in Cognizant Technology Solutions in the fourth quarter valued at approximately $28,000. Towne Trust Company N.A boosted its holdings in Cognizant Technology Solutions by 85.0% in the fourth quarter. Towne Trust Company N.A now owns 370 shares of the information technology service provider’s stock valued at $31,000 after purchasing an additional 170 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new position in Cognizant Technology Solutions in the third quarter valued at approximately $25,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Cognizant Technology Solutions Price Performance

CTSH stock opened at $57.16 on Tuesday. The company has a market capitalization of $27.09 billion, a P/E ratio of 12.43, a PEG ratio of 1.17 and a beta of 0.81. Cognizant Technology Solutions Corporation has a twelve month low of $45.48 and a twelve month high of $87.03. The business has a 50 day simple moving average of $56.22 and a 200-day simple moving average of $69.00. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.07. The business had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.41 billion. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The company’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.23 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, equities analysts anticipate that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current year.

Cognizant Technology Solutions announced that its board has approved a stock buyback program on Monday, May 18th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the information technology service provider to reacquire up to 9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Cognizant Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio is 28.70%.

Analyst Ratings Changes

CTSH has been the subject of a number of research analyst reports. Guggenheim lowered their price target on Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Royal Bank Of Canada upped their price target on Cognizant Technology Solutions from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Thursday, February 5th. Morgan Stanley lowered their price target on 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. Robert W. Baird set a $72.00 price target on Cognizant Technology Solutions and gave the company a “neutral” rating in a report on Friday, April 10th. Finally, Evercore lowered their price target on Cognizant Technology Solutions from $100.00 to $70.00 in a report on Thursday, April 30th. Ten investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $72.68.

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.