Trexquant Investment LP Takes Position in Cognizant Technology Solutions Corporation $CTSH

Trexquant Investment LP bought a new stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 673,332 shares of the information technology service provider’s stock, valued at approximately $51,510,000. Cognizant Technology Solutions accounts for approximately 0.6% of Trexquant Investment LP’s investment portfolio, making the stock its 10th largest position. Trexquant Investment LP owned about 0.14% of Cognizant Technology Solutions as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Park Square Financial Group LLC acquired a new position in shares of Cognizant Technology Solutions in the 4th quarter valued at about $36,000. CoreCap Advisors LLC increased its holdings 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 valued at $55,000 after purchasing an additional 126 shares during the period. Pinney & Scofield Inc. acquired a new position in shares of Cognizant Technology Solutions in the 4th quarter valued at about $55,000. Optiver Holding B.V. acquired a new position in shares of Cognizant Technology Solutions in the 4th quarter valued at about $66,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Cognizant Technology Solutions in the 1st quarter valued at about $66,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on 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 report on Friday, July 18th. Needham & Company LLC restated a “hold” rating on shares of Cognizant Technology Solutions in a report on Thursday, May 1st. Susquehanna upgraded Cognizant Technology Solutions from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $77.00 to $90.00 in a report on Thursday, May 1st. Robert W. Baird increased their price objective on Cognizant Technology Solutions from $78.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft started coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a “hold” rating and a $80.00 price objective on the stock. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, Cognizant Technology Solutions has a consensus rating of “Hold” and an average target price of $86.07.

Cognizant Technology Solutions Stock Up 0.9%

Shares of Cognizant Technology Solutions stock opened at $72.31 on Thursday. The stock has a market capitalization of $35.32 billion, a P/E ratio of 14.70, a PEG ratio of 1.49 and a beta of 0.90. 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 stock has a 50 day moving average price of $74.49 and a two-hundred day moving average price of $77.29. Cognizant Technology Solutions Corporation has a 12-month low of $65.52 and a 12-month high of $90.82.

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

Cognizant Technology Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were given 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 1.7%. 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.