Cognizant Technology Solutions Corporation $CTSH Stock Holdings Reduced by QRG Capital Management Inc.

QRG Capital Management Inc. cut its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 63.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,171 shares of the information technology service provider’s stock after selling 254,003 shares during the period. QRG Capital Management Inc.’s holdings in Cognizant Technology Solutions were worth $9,938,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTSH. Brighton Jones LLC acquired a new position in shares of Cognizant Technology Solutions during the 4th quarter worth $214,000. Geneos Wealth Management Inc. lifted its position in shares of Cognizant Technology Solutions by 118.8% in the first 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. Acadian Asset Management LLC bought a new stake in shares of Cognizant Technology Solutions during the 1st quarter worth about $142,000. Harbor Capital Advisors Inc. increased its holdings in shares of Cognizant Technology Solutions by 262.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 1,036 shares of the information technology service provider’s stock valued at $81,000 after acquiring an additional 750 shares during the last quarter. Finally, Aaron Wealth Advisors LLC bought a new position in shares of Cognizant Technology Solutions in the second quarter valued at approximately $251,000. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Performance

NASDAQ CTSH opened at $84.74 on Friday. Cognizant Technology Solutions Corporation has a twelve month low of $65.15 and a twelve month high of $90.82. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.04. The stock has a market cap of $40.90 billion, a P/E ratio of 19.66, a PEG ratio of 1.62 and a beta of 0.96. The company’s 50-day simple moving average is $80.64 and its 200 day simple moving average is $74.53.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.09. The firm had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Cognizant Technology Solutions had a net margin of 10.20% and a return on equity of 17.00%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. As a group, research analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

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

Insider Buying and Selling at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, Director Michael Patsalos-Fox sold 7,000 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $83.52, for a total transaction of $584,640.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ravi Kumar Singisetti sold 3,125 shares of Cognizant Technology Solutions stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $80.01, for a total transaction of $250,031.25. Following the completion of the transaction, the chief executive officer owned 75,454 shares of the company’s stock, valued at $6,037,074.54. This trade represents a 3.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 30,206 shares of company stock worth $2,505,231 over the last ninety days. Corporate insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on CTSH shares. UBS Group reiterated a “neutral” rating and issued a $82.00 target price (up from $78.00) on shares of Cognizant Technology Solutions in a research note on Monday, December 8th. The Goldman Sachs Group restated a “neutral” rating and set a $84.00 price target on shares of Cognizant Technology Solutions in a report on Wednesday, October 29th. Cowen reiterated a “hold” rating on shares of Cognizant Technology Solutions in a research note on Friday, January 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a report on Monday, December 29th. Finally, Guggenheim restated a “buy” rating and issued a $85.00 price objective (down previously from $90.00) on shares of Cognizant Technology Solutions in a research note on Tuesday, October 21st. Seven equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $86.00.

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.