Cognizant Technology Solutions Corporation $CTSH Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 124.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 587,154 shares of the information technology service provider’s stock after purchasing an additional 325,117 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Cognizant Technology Solutions were worth $39,891,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CTSH. Brighton Jones LLC bought a new position in shares of Cognizant Technology Solutions in the fourth quarter worth $214,000. Geneos Wealth Management Inc. grew its position in Cognizant Technology Solutions by 118.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock valued at $44,000 after buying an additional 309 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Cognizant Technology Solutions during the 1st quarter valued at about $142,000. CX Institutional lifted its stake in shares of Cognizant Technology Solutions by 8.4% in the 2nd quarter. CX Institutional now owns 4,236 shares of the information technology service provider’s stock worth $331,000 after acquiring an additional 329 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Cognizant Technology Solutions by 16.4% in the second quarter. GAMMA Investing LLC now owns 14,035 shares of the information technology service provider’s stock valued at $1,095,000 after acquiring an additional 1,976 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Cognizant Technology Solutions Stock Up 0.8%

NASDAQ:CTSH opened at $82.88 on Wednesday. Cognizant Technology Solutions Corporation has a 1-year low of $65.15 and a 1-year high of $90.82. The firm has a market capitalization of $40.00 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 1.62 and a beta of 0.96. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.04. The business’s fifty day moving average price is $81.06 and its 200 day moving average price is $74.56.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.09. The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.32 billion. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. On average, sell-side analysts forecast 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. Stockholders of record on Tuesday, November 18th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, November 18th. Cognizant Technology Solutions’s payout ratio is currently 28.77%.

Insider Transactions at Cognizant Technology Solutions

In related news, Director Michael Patsalos-Fox sold 7,000 shares of the 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 completion of the sale, the director directly owned 47,729 shares in the company, valued at approximately $3,986,326.08. This trade represents a 12.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ravi Kumar Singisetti sold 3,125 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $80.01, for a total value of $250,031.25. Following the completion of the transaction, the chief executive officer directly owned 75,454 shares in the company, valued at approximately $6,037,074.54. The trade was a 3.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 30,206 shares of company stock valued at $2,505,231. 0.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CTSH. Guggenheim reaffirmed a “buy” rating and set a $85.00 price target (down from $90.00) on shares of Cognizant Technology Solutions in a research note on Tuesday, October 21st. TD Cowen lifted their target price on Cognizant Technology Solutions from $78.00 to $84.00 and gave the stock a “hold” rating in a report on Friday, January 9th. The Goldman Sachs Group restated a “neutral” rating and set a $84.00 price objective on shares of Cognizant Technology Solutions in a research report on Wednesday, October 29th. Mizuho set a $85.00 target price on shares of Cognizant Technology Solutions in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. upped their price target on Cognizant Technology Solutions from $89.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Seven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $86.00.

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.