Resources Management Corp CT ADV Decreases Stake in Cognizant Technology Solutions Corporation $CTSH

Resources Management Corp CT ADV reduced its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 7.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,695 shares of the information technology service provider’s stock after selling 300 shares during the period. Resources Management Corp CT ADV’s holdings in Cognizant Technology Solutions were worth $283,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Park Square Financial Group LLC purchased a new stake in shares of Cognizant Technology Solutions in the 4th quarter worth about $36,000. CoreCap Advisors LLC boosted its position in shares of Cognizant Technology Solutions by 21.5% in the 4th quarter. CoreCap Advisors LLC now owns 711 shares of the information technology service provider’s stock worth $55,000 after buying an additional 126 shares in the last quarter. Pinney & Scofield Inc. purchased a new stake in shares of Cognizant Technology Solutions in the 4th quarter worth about $55,000. WPG Advisers LLC purchased a new stake in shares of Cognizant Technology Solutions in the 1st quarter worth about $61,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Cognizant Technology Solutions in the 1st quarter worth about $66,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Guggenheim upgraded shares of Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 price objective on the stock in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a “hold” rating and a $80.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Evercore ISI initiated coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an “outperform” rating and a $100.00 target price on the stock. Finally, Wall Street Zen lowered shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $86.07.

Cognizant Technology Solutions Trading Up 0.5%

NASDAQ CTSH opened at $71.82 on Monday. Cognizant Technology Solutions Corporation has a 12 month low of $65.52 and a 12 month high of $90.82. The company has a 50-day moving average of $73.73 and a 200-day moving average of $76.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41. The company has a market cap of $35.08 billion, a P/E ratio of 14.60, a P/E/G ratio of 1.50 and a beta of 0.93.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data 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 net margin of 11.89% and a return on equity of 16.77%. The company had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.17 billion. During the same quarter in the prior year, the company posted $1.17 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions’s dividend payout ratio is 25.20%.

About Cognizant Technology Solutions

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.