Louisbourg Investments Inc. Has $6.17 Million Position in Cognizant Technology Solutions Corporation $CTSH

Louisbourg Investments Inc. grew its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 14.6% in the third quarter, Holdings Channel.com reports. The firm owned 91,986 shares of the information technology service provider’s stock after purchasing an additional 11,750 shares during the period. Louisbourg Investments Inc.’s holdings in Cognizant Technology Solutions were worth $6,170,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank purchased a new stake in Cognizant Technology Solutions in the 2nd quarter worth about $487,526,000. Amundi increased its holdings in shares of Cognizant Technology Solutions by 61.6% in the 1st quarter. Amundi now owns 4,519,912 shares of the information technology service provider’s stock valued at $331,584,000 after purchasing an additional 1,723,335 shares during the period. Allianz Asset Management GmbH increased its holdings in shares of Cognizant Technology Solutions by 152.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 2,708,349 shares of the information technology service provider’s stock valued at $211,332,000 after purchasing an additional 1,636,636 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Cognizant Technology Solutions in the second quarter worth approximately $74,917,000. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Cognizant Technology Solutions by 327.4% during the first quarter. Canada Pension Plan Investment Board now owns 1,105,521 shares of the information technology service provider’s stock worth $84,572,000 after purchasing an additional 846,835 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Activity

In related news, CEO Ravi Kumar Singisetti sold 3,125 shares of Cognizant Technology Solutions stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $80.01, for a total value of $250,031.25. Following the transaction, the chief executive officer owned 75,454 shares in the company, valued at $6,037,074.54. This trade represents a 3.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Patsalos-Fox sold 7,000 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $83.52, for a total transaction of $584,640.00. Following the transaction, the director directly owned 47,729 shares of the company’s stock, valued at approximately $3,986,326.08. This represents a 12.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,256 shares of company stock valued at $1,233,684 over the last 90 days. 0.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CTSH. UBS Group reiterated a “neutral” rating and issued a $82.00 target price (up previously from $78.00) on shares of Cognizant Technology Solutions in a research report on Monday, December 8th. Royal Bank Of Canada cut their price objective on Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating for the company in a report on Thursday, October 30th. JPMorgan Chase & Co. lifted their price objective on Cognizant Technology Solutions from $89.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research note on Monday. Finally, Mizuho set a $85.00 price target on Cognizant Technology Solutions in a research note on Thursday, October 30th. Seven investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $85.44.

Cognizant Technology Solutions Price Performance

NASDAQ CTSH opened at $85.41 on Friday. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.15 and a fifty-two week high of $90.82. The stock’s 50-day moving average is $74.64 and its two-hundred day moving average is $73.80. The firm has a market cap of $41.22 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 1.71 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 2.36.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.09. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the prior year, the company posted $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. On average, analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, November 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.77%.

Cognizant Technology Solutions Company 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.