Vise Technologies Inc. Takes $1.45 Million Position in Cognizant Technology Solutions Corporation $CTSH

Vise Technologies Inc. acquired a new stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 18,560 shares of the information technology service provider’s stock, valued at approximately $1,448,000.

Other large investors also recently bought and sold shares of the company. Allworth Financial LP increased its holdings in shares of Cognizant Technology Solutions by 145.0% during the 2nd quarter. Allworth Financial LP now owns 6,867 shares of the information technology service provider’s stock worth $536,000 after buying an additional 4,064 shares during the last quarter. Cypress Capital LLC purchased a new position in Cognizant Technology Solutions during the 2nd quarter valued at about $203,000. Illinois Municipal Retirement Fund boosted its stake in shares of Cognizant Technology Solutions by 12.0% in the second quarter. Illinois Municipal Retirement Fund now owns 339,002 shares of the information technology service provider’s stock valued at $26,452,000 after purchasing an additional 36,355 shares during the period. Altman Advisors Inc. purchased a new stake in shares of Cognizant Technology Solutions during the second quarter worth $1,918,000. Finally, ProShare Advisors LLC increased its holdings in Cognizant Technology Solutions by 4.8% during the 2nd quarter. ProShare Advisors LLC now owns 795,398 shares of the information technology service provider’s stock worth $62,065,000 after purchasing an additional 36,161 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

CTSH has been the subject of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $84.00 price target on shares of Cognizant Technology Solutions in a report on Wednesday, October 29th. UBS Group set a $78.00 price target on shares of Cognizant Technology Solutions and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft assumed coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a “hold” rating and a $80.00 target price on the stock. Evercore ISI assumed coverage on shares of 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, Wall Street Zen cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Six analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $85.19.

Insiders Place Their Bets

In related news, CAO John Sunshin Kim sold 2,500 shares of Cognizant Technology Solutions stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $75.18, for a total value of $187,950.00. Following the completion of the transaction, the chief accounting officer directly owned 36,630 shares in the company, valued at approximately $2,753,843.40. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is currently owned by corporate insiders.

Cognizant Technology Solutions Stock Performance

Shares of NASDAQ:CTSH opened at $74.13 on Thursday. The firm has a market capitalization of $35.78 billion, a PE ratio of 17.16, a P/E/G ratio of 1.47 and a beta of 0.98. Cognizant Technology Solutions Corporation has a 12 month low of $65.15 and a 12 month high of $90.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 2.41. The business has a 50-day moving average of $69.23 and a two-hundred day moving average of $73.84.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the company earned $1.25 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. As a group, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th will be paid 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 is Tuesday, November 18th. Cognizant Technology Solutions’s dividend payout ratio is 28.77%.

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.