Nomura Asset Management Co. Ltd. Has $18.25 Million Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Nomura Asset Management Co. Ltd. grew its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 233,916 shares of the information technology service provider’s stock after acquiring an additional 6,849 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Cognizant Technology Solutions were worth $18,252,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hilltop National Bank bought a new stake in shares of Cognizant Technology Solutions in the second quarter worth $27,000. NewSquare Capital LLC increased its stake in Cognizant Technology Solutions by 71.8% in the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock valued at $29,000 after buying an additional 153 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Cognizant Technology Solutions by 118.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock worth $44,000 after buying an additional 309 shares during the last quarter. WPG Advisers LLC acquired a new stake in shares of Cognizant Technology Solutions in the first quarter valued at about $61,000. Finally, Zions Bancorporation National Association UT acquired a new position in Cognizant Technology Solutions during the first quarter valued at approximately $66,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cognizant Technology Solutions

In other news, CAO John Sunshin Kim sold 2,500 shares of Cognizant Technology Solutions stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $75.18, for a total value of $187,950.00. Following the completion of the sale, the chief accounting officer directly owned 36,630 shares in the company, valued at approximately $2,753,843.40. The trade was a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.32% of the company’s stock.

Cognizant Technology Solutions Stock Performance

Shares of NASDAQ CTSH opened at $71.75 on Wednesday. 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 firm has a market cap of $34.63 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 1.47 and a beta of 0.98. The stock’s fifty day moving average price is $69.31 and its two-hundred day moving average price is $73.78. Cognizant Technology Solutions Corporation has a one year low of $65.15 and a one year high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the previous year, the business posted $1.25 earnings per share. Cognizant Technology Solutions’s quarterly 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. On average, equities analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, November 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 28.77%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wall Street Zen lowered Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. UBS Group set a $78.00 target price on shares of Cognizant Technology Solutions and gave the company a “neutral” rating in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cognizant Technology Solutions in a research note on Thursday, October 30th. Citigroup started coverage on Cognizant Technology Solutions in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $75.00 price target on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of Cognizant Technology Solutions from $82.00 to $87.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Six research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $85.19.

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.