North Dakota State Investment Board Acquires Shares of 16,937 Cognizant Technology Solutions Corporation $CTSH

North Dakota State Investment Board acquired a new stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,937 shares of the information technology service provider’s stock, valued at approximately $1,406,000.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Cognizant Technology Solutions by 0.8% during the third quarter. Vanguard Group Inc. now owns 60,348,442 shares of the information technology service provider’s stock valued at $4,047,570,000 after purchasing an additional 493,912 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in Cognizant Technology Solutions by 1.5% during the third quarter. Pzena Investment Management LLC now owns 17,710,868 shares of the information technology service provider’s stock valued at $1,187,868,000 after purchasing an additional 260,177 shares during the last quarter. Invesco Ltd. lifted its holdings in Cognizant Technology Solutions by 8.6% during the third quarter. Invesco Ltd. now owns 12,534,198 shares of the information technology service provider’s stock valued at $840,669,000 after purchasing an additional 987,395 shares during the last quarter. First Trust Advisors LP lifted its holdings in Cognizant Technology Solutions by 7.6% during the third quarter. First Trust Advisors LP now owns 9,085,998 shares of the information technology service provider’s stock valued at $609,398,000 after purchasing an additional 639,801 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Cognizant Technology Solutions by 4.3% during the third quarter. Dimensional Fund Advisors LP now owns 6,393,356 shares of the information technology service provider’s stock valued at $428,798,000 after purchasing an additional 260,844 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CTSH. Berenberg Bank decreased their price target on Cognizant Technology Solutions from $107.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Dbs Bank decreased their price target on Cognizant Technology Solutions from $80.00 to $66.00 in a research report on Thursday, May 7th. UBS Group decreased their price target on Cognizant Technology Solutions from $60.00 to $55.00 in a research report on Monday, May 11th. JPMorgan Chase & Co. decreased their price target on Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. Finally, TD Cowen reiterated a “hold” rating and set a $62.00 price target (down from $71.00) on shares of Cognizant Technology Solutions in a research report on Thursday, April 30th. Ten research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $73.00.

Cognizant Technology Solutions Stock Down 1.0%

Shares of CTSH opened at $50.88 on Wednesday. The firm has a market cap of $24.11 billion, a P/E ratio of 11.06, a P/E/G ratio of 1.08 and a beta of 0.81. The stock has a 50 day simple moving average of $57.72 and a two-hundred day simple moving average of $70.24. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.23 and a quick ratio of 2.23. Cognizant Technology Solutions Corporation has a 1 year low of $45.48 and a 1 year high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.07. The business had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.41 billion. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.Cognizant Technology Solutions’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. On average, analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.32 annualized dividend and a yield of 2.6%. Cognizant Technology Solutions’s dividend payout ratio is currently 28.70%.

Cognizant Technology Solutions announced that its board has authorized a share repurchase plan 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 shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

More Cognizant Technology Solutions News

Here are the key news stories impacting Cognizant Technology Solutions this week:

• Positive Sentiment: Cognizant raised its 2026 share repurchase target by $1 billion to $2 billion and expanded its buyback authorization, a move that typically supports the stock by increasing demand and signaling management confidence. Cognizant Increases 2026 Share Repurchase Target by $1 Billion to $2 Billion
• Positive Sentiment: The company said its AI “Bridge” initiative is emerging as a key growth driver for IT services, reinforcing the view that Cognizant can use AI-led demand to accelerate revenue growth. Cognizant Technology Solutions sees AI ‘Bridge’ as next big IT services growth driver
• Positive Sentiment: Coverage around the buyback expansion and AI push suggests the market is reassessing CTSH’s investment case toward stronger shareholder returns and a better growth profile. Did Cognizant’s Expanded US$15.5 Billion Buyback and AI Push Just Shift CTSH’s Investment Narrative?

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.