Probity Advisors Inc. Increases Stock Position in Cognizant Technology Solutions Corporation $CTSH

Probity Advisors Inc. increased its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 4.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,838 shares of the information technology service provider’s stock after purchasing an additional 272 shares during the period. Probity Advisors Inc.’s holdings in Cognizant Technology Solutions were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Hilltop National Bank purchased a new position in shares of Cognizant Technology Solutions in the 2nd quarter worth $27,000. Geneos Wealth Management Inc. lifted its holdings in Cognizant Technology Solutions by 118.8% in the first quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock valued at $44,000 after acquiring an additional 309 shares during the period. WPG Advisers LLC bought a new stake in shares of Cognizant Technology Solutions during the 1st quarter valued at about $61,000. Zions Bancorporation National Association UT purchased a new stake in shares of Cognizant Technology Solutions during the 1st quarter valued at about $66,000. Finally, Golden State Wealth Management LLC lifted its stake in shares of Cognizant Technology Solutions by 290.9% in the 1st quarter. Golden State Wealth Management LLC now owns 899 shares of the information technology service provider’s stock worth $69,000 after purchasing an additional 669 shares during the period. Institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CTSH. JPMorgan Chase & Co. cut their target price on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft began coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They set a “hold” rating and a $80.00 price objective for the company. Guggenheim upgraded 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 assumed coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They set an “outperform” rating and a $100.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $86.79.

Cognizant Technology Solutions Trading Up 0.9%

Shares of Cognizant Technology Solutions 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 company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $69.18 and a 200-day moving average price of $73.69. The firm has a market cap of $32.58 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 1.37 and a beta of 0.95.

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

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.9%. Cognizant Technology Solutions’s dividend payout ratio is presently 25.20%.

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.