Headlands Technologies LLC Takes Position in Cognizant Technology Solutions Corporation $CTSH

Headlands Technologies LLC bought a new position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the 2nd quarter, HoldingsChannel reports. The fund bought 70,127 shares of the information technology service provider’s stock, valued at approximately $2,716,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Evolve Private Wealth LLC acquired a new position in Cognizant Technology Solutions during the fourth quarter valued at approximately $2,642,000. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Cognizant Technology Solutions during the 1st quarter worth $29,510,000. Ancora Advisors LLC acquired a new stake in Cognizant Technology Solutions in the second quarter valued at about $2,929,000. Pzena Investment Management LLC grew its position in Cognizant Technology Solutions by 14.9% in the first 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 acquiring an additional 2,633,683 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Cognizant Technology Solutions by 34.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,874,274 shares of the information technology service provider’s stock worth $238,565,000 after acquiring an additional 734,337 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

CTSH has been the topic of a number of research analyst reports. Morgan Stanley restated a “negative” rating and issued a $51.00 price target (up from $44.00) on shares of Cognizant Technology Solutions in a research note on Thursday, July 30th. Robert W. Baird set a $68.00 price objective on shares of Cognizant Technology Solutions in a research note on Thursday, July 30th. Nomura decreased their target price on shares of Cognizant Technology Solutions from $93.00 to $74.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. UBS Group dropped their price target on Cognizant Technology Solutions from $60.00 to $55.00 in a research note on Monday, May 11th. Finally, TD Cowen increased their target price on Cognizant Technology Solutions from $47.00 to $54.00 and gave the company a “hold” rating in a research report on Thursday, July 30th. Ten analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Cognizant Technology Solutions has a consensus rating of “Hold” and an average price target of $63.00.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH opened at $64.04 on Monday. The company’s 50 day moving average price is $50.20 and its 200-day moving average price is $55.18. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.18 and a current ratio of 2.18. Cognizant Technology Solutions Corporation has a 52-week low of $37.08 and a 52-week high of $87.03. The company has a market capitalization of $28.85 billion, a P/E ratio of 13.77, a price-to-earnings-growth ratio of 1.28 and a beta of 0.81.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.01). The firm had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.48 billion. Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%.The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.31 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. Equities analysts forecast that Cognizant Technology Solutions Corporation will post 5.71 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, August 18th. Cognizant Technology Solutions’s payout ratio is currently 28.39%.

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

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.