The Manufacturers Life Insurance Company Sells 21,645 Shares of Cognizant Technology Solutions Corporation $CTSH

The Manufacturers Life Insurance Company cut its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 5.7% during the first quarter, Holdings Channel reports. The institutional investor owned 360,957 shares of the information technology service provider’s stock after selling 21,645 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Cognizant Technology Solutions were worth $22,144,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Evolve Private Wealth LLC bought a new position in shares of Cognizant Technology Solutions during the fourth quarter valued at $2,642,000. OFI Invest Asset Management bought a new position in Cognizant Technology Solutions in the 4th quarter worth about $8,421,000. Aware Super Pty Ltd as trustee of Aware Super bought a new position in Cognizant Technology Solutions in the 1st quarter worth about $29,510,000. Pzena Investment Management LLC grew its position in Cognizant Technology Solutions by 14.9% during the 1st quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock valued at $1,243,096,000 after purchasing an additional 2,633,683 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Cognizant Technology Solutions by 34.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,874,274 shares of the information technology service provider’s stock valued at $238,565,000 after purchasing an additional 734,337 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Key Stories Impacting Cognizant Technology Solutions

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

• Positive Sentiment: Broader AI strategy: Cognizant is positioning itself as an implementation and consulting partner across multiple leading AI models, including Anthropic and OpenAI, reducing the risk of relying on a single platform. The company reported more than 8,000 AI engagements and is emphasizing AI-led services, platforms and large deals. Anthropic Is Only Part of the Story. Cognizant Has a Much Bigger AI Plan
• Positive Sentiment: Analyst support increased: Wells Fargo raised its price target from $61 to $67 and maintained an Overweight rating, citing Cognizant’s differentiated AI strategy. Morgan Stanley also increased its target, while William Blair initiated a Buy recommendation based on margin expansion, Financial Services growth and AI-driven demand. Cognizant in focus as Morgan Stanley ups price target
• Positive Sentiment: Revenue and demand trends: Second-quarter revenue rose 4.5% year over year to $5.48 billion, matching or exceeding expectations, with Financial Services described as a key growth area. Investors also continue to view CTSH as an attractively valued momentum stock, with earnings growth and AI opportunities supporting the long-term case. Cognizant Q2 Earnings Results
• Positive Sentiment: Shareholder return: Cognizant declared a quarterly dividend of $0.33 per share, representing an annualized yield of approximately 2.4%, adding support for income-focused investors.
• Neutral Sentiment: Mixed quarterly results: Adjusted EPS of $1.37 narrowly missed the $1.38 consensus, although revenue met expectations and exceeded the prior-year result. Management’s full-year EPS guidance is $5.70–$5.82, while reports indicate the 2026 sales outlook was trimmed. Cognizant Q2 2026 Earnings Call Summary
• Negative Sentiment: Valuation caution: TD Cowen raised its target from $47 to $54 but retained a Hold rating, leaving its target below the recent trading level. Higher interest costs also pressured quarterly earnings.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CTSH shares. Guggenheim reiterated a “buy” rating and set a $65.00 price target (down from $80.00) on shares of Cognizant Technology Solutions in a report on Monday, July 27th. Susquehanna set a $82.00 price objective on shares of Cognizant Technology Solutions and gave the stock a “positive” rating in a report on Thursday. Daiwa Securities Group lowered their price objective on Cognizant Technology Solutions from $65.00 to $42.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 24th. Wells Fargo & Company increased their target price on Cognizant Technology Solutions from $61.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Mizuho reduced their target price on Cognizant Technology Solutions from $87.00 to $68.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Ten research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Cognizant Technology Solutions presently has an average rating of “Hold” and a consensus price target of $63.17.

Cognizant Technology Solutions Stock Up 2.7%

Cognizant Technology Solutions stock opened at $55.35 on Friday. The stock has a market cap of $26.23 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 1.21 and a beta of 0.87. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.23 and a current ratio of 2.18. The stock has a fifty day moving average of $47.22 and a 200 day moving average of $58.56. Cognizant Technology Solutions Corporation has a one year low of $37.08 and a one year high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The firm had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the prior year, the firm earned $1.31 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. As a group, sell-side analysts predict that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current year.

Cognizant Technology Solutions declared that its Board of Directors has approved a share buyback program on Monday, May 18th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the information technology service provider to repurchase up to 9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 18th will be given a $0.33 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.32 annualized dividend and a yield of 2.4%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.39%.

Cognizant Technology Solutions 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.