Vest Financial LLC Has $39.85 Million Holdings in Cognizant Technology Solutions Corporation $CTSH

Vest Financial LLC lifted its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 14.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 594,128 shares of the information technology service provider’s stock after purchasing an additional 76,829 shares during the quarter. Vest Financial LLC owned about 0.12% of Cognizant Technology Solutions worth $39,848,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Unison Advisors LLC grew its position in Cognizant Technology Solutions by 0.5% during the second quarter. Unison Advisors LLC now owns 29,843 shares of the information technology service provider’s stock worth $2,329,000 after buying an additional 135 shares in the last quarter. Security National Bank of SO Dak increased its stake in shares of Cognizant Technology Solutions by 0.6% in the 3rd quarter. Security National Bank of SO Dak now owns 24,785 shares of the information technology service provider’s stock valued at $1,662,000 after purchasing an additional 150 shares during the last quarter. NewSquare Capital LLC grew its position in Cognizant Technology Solutions by 71.8% during the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock worth $29,000 after acquiring an additional 153 shares during the last quarter. STF Management LP raised its stake in shares of Cognizant Technology Solutions by 2.1% during the second quarter. STF Management LP now owns 7,534 shares of the information technology service provider’s stock valued at $588,000 after acquiring an additional 158 shares during the last quarter. Finally, Uncommon Cents Investing LLC lifted its holdings in shares of Cognizant Technology Solutions by 2.0% during the third quarter. Uncommon Cents Investing LLC now owns 8,400 shares of the information technology service provider’s stock worth $563,000 after purchasing an additional 165 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Activity

In related news, CEO Ravi Kumar Singisetti sold 2,950 shares of Cognizant Technology Solutions stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 75,209 shares in the company, valued at approximately $6,397,277.54. This trade represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO John Sunshin Kim sold 2,500 shares of Cognizant Technology Solutions stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $200,000.00. Following the transaction, the chief accounting officer directly owned 36,149 shares of the company’s stock, valued at approximately $2,891,920. This trade represents a 6.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,206 shares of company stock valued at $2,505,231 in the last ninety days. Insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $84.00 price target on shares of Cognizant Technology Solutions in a research report on Wednesday, October 29th. Mizuho set a $85.00 price target on Cognizant Technology Solutions in a report on Thursday, October 30th. William Blair upgraded shares of Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research report on Friday, November 21st. Royal Bank Of Canada dropped their price objective on shares of Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating on the stock in a report on Thursday, October 30th. Finally, Guggenheim reiterated a “buy” rating and issued a $85.00 price target (down previously from $90.00) on shares of Cognizant Technology Solutions in a report on Tuesday, October 21st. Seven research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, Cognizant Technology Solutions currently has a consensus rating of “Hold” and an average target price of $86.00.

Cognizant Technology Solutions Stock Up 2.0%

Cognizant Technology Solutions stock opened at $83.82 on Wednesday. The business has a fifty day moving average price of $81.06 and a 200-day moving average price of $74.56. Cognizant Technology Solutions Corporation has a 1-year low of $65.15 and a 1-year high of $90.82. The stock has a market capitalization of $40.45 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 1.62 and a beta of 0.96. 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 issued its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.09. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.32 billion. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.25 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Equities research analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS 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 $0.31 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.5%. Cognizant Technology Solutions’s dividend payout ratio is currently 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.