Cognizant Technology Solutions Corporation $CTSH Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 1,374.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 188,924 shares of the information technology service provider’s stock after acquiring an additional 176,107 shares during the quarter. SG Americas Securities LLC’s holdings in Cognizant Technology Solutions were worth $12,671,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS lifted its holdings in Cognizant Technology Solutions by 86.8% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 634,277 shares of the information technology service provider’s stock valued at $42,541,000 after purchasing an additional 294,700 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Cognizant Technology Solutions by 267.7% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 603 shares of the information technology service provider’s stock valued at $40,000 after buying an additional 439 shares during the last quarter. Kathmere Capital Management LLC lifted its stake in shares of Cognizant Technology Solutions by 3.5% during the third quarter. Kathmere Capital Management LLC now owns 8,017 shares of the information technology service provider’s stock valued at $538,000 after buying an additional 270 shares during the period. Eads & Heald Wealth Management boosted its position in Cognizant Technology Solutions by 5.6% during the third quarter. Eads & Heald Wealth Management now owns 19,163 shares of the information technology service provider’s stock worth $1,285,000 after acquiring an additional 1,019 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in Cognizant Technology Solutions by 3.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,846 shares of the information technology service provider’s stock worth $325,000 after acquiring an additional 174 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Activity at Cognizant Technology Solutions

In other news, Director Michael Patsalos-Fox sold 3,000 shares of Cognizant Technology Solutions stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $85.17, for a total transaction of $255,510.00. Following the sale, the director owned 34,729 shares in the company, valued at $2,957,868.93. This trade represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ravi Kumar Singisetti sold 2,950 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $85.06, for a total transaction of $250,927.00. Following the transaction, the chief executive officer directly owned 75,209 shares in the company, valued at approximately $6,397,277.54. The trade was a 3.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 28,206 shares of company stock worth $2,336,771. 0.32% of the stock is currently owned by company insiders.

Cognizant Technology Solutions Price Performance

CTSH opened at $85.77 on Friday. Cognizant Technology Solutions Corporation has a 52-week low of $65.15 and a 52-week high of $90.82. The company has a 50 day moving average of $79.20 and a two-hundred day moving average of $74.25. The company has a market cap of $41.40 billion, a P/E ratio of 19.90, a P/E/G ratio of 1.61 and a beta of 0.96. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 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 business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter last year, the firm posted $1.25 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. On average, analysts expect that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 18th were paid a $0.31 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.4%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.77%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CTSH shares. The Goldman Sachs Group restated a “neutral” rating and set a $84.00 price objective on shares of Cognizant Technology Solutions in a report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research report on Monday, December 29th. Wells Fargo & Company lifted their price target on Cognizant Technology Solutions from $82.00 to $87.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Mizuho set a $85.00 price objective on shares of Cognizant Technology Solutions in a report on Thursday, October 30th. Finally, Guggenheim reissued a “buy” rating and issued a $85.00 target price (down from $90.00) on shares of Cognizant Technology Solutions in a research report on Tuesday, October 21st. Seven research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, Cognizant Technology Solutions presently has a consensus rating of “Hold” and an average price target of $85.44.

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.