Orion Porfolio Solutions LLC Decreases Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Orion Porfolio Solutions LLC lessened its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 25.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,011 shares of the information technology service provider’s stock after selling 8,940 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Cognizant Technology Solutions were worth $2,030,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in CTSH. Norges Bank acquired a new stake in shares of Cognizant Technology Solutions in the second quarter valued at about $487,526,000. Amundi lifted its stake in Cognizant Technology Solutions by 61.6% in the 1st quarter. Amundi now owns 4,519,912 shares of the information technology service provider’s stock valued at $331,584,000 after buying an additional 1,723,335 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Cognizant Technology Solutions by 152.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 2,708,349 shares of the information technology service provider’s stock valued at $211,332,000 after buying an additional 1,636,636 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Cognizant Technology Solutions in the 2nd quarter worth about $74,917,000. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Cognizant Technology Solutions by 327.4% during the first quarter. Canada Pension Plan Investment Board now owns 1,105,521 shares of the information technology service provider’s stock valued at $84,572,000 after acquiring an additional 846,835 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cognizant Technology Solutions

In other news, CAO John Sunshin Kim sold 2,500 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $80.00, for a total value of $200,000.00. Following the transaction, the chief accounting officer owned 36,149 shares of the company’s stock, valued at $2,891,920. This represents a 6.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Patsalos-Fox sold 7,000 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $83.52, for a total value of $584,640.00. Following the sale, the director directly owned 47,729 shares of the company’s stock, valued at $3,986,326.08. The trade was a 12.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 15,256 shares of company stock worth $1,233,684. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CTSH shares. William Blair raised Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research note on Friday, November 21st. Guggenheim restated a “buy” rating and issued a $85.00 price objective (down previously from $90.00) on shares of Cognizant Technology Solutions in a report on Tuesday, October 21st. UBS Group reaffirmed a “neutral” rating and set a $82.00 target price (up previously from $78.00) on shares of Cognizant Technology Solutions in a report on Monday, December 8th. Citigroup started coverage on shares of Cognizant Technology Solutions in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $75.00 price target on the stock. Finally, Royal Bank Of Canada lowered their price target on shares of Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 30th. Seven analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $85.44.

Cognizant Technology Solutions Stock Up 2.0%

NASDAQ CTSH opened at $85.41 on Friday. The business’s fifty day simple moving average is $74.64 and its 200-day simple moving average is $73.80. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.04. The firm has a market cap of $41.22 billion, a PE ratio of 19.82, a P/E/G ratio of 1.71 and a beta of 0.97. Cognizant Technology Solutions Corporation has a 52 week low of $65.15 and a 52 week high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.09. Cognizant Technology Solutions had a net margin of 10.20% and a return on equity of 17.00%. The firm had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same period last year, the business earned $1.25 earnings per share. Cognizant Technology Solutions’s revenue was up 7.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. As a group, equities analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 18th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, November 18th. Cognizant Technology Solutions’s payout ratio is presently 28.77%.

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.