MOKAN Wealth Management Inc. Makes New Investment in Cognizant Technology Solutions Corporation $CTSH

MOKAN Wealth Management Inc. acquired a new stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 18,414 shares of the information technology service provider’s stock, valued at approximately $1,235,000.

A number of other institutional investors have also modified their holdings of the business. Unison Advisors LLC boosted its stake in Cognizant Technology Solutions by 0.5% during the 2nd quarter. Unison Advisors LLC now owns 29,843 shares of the information technology service provider’s stock worth $2,329,000 after purchasing an additional 135 shares during the period. Security National Bank of SO Dak increased its stake in Cognizant Technology Solutions by 0.6% in the third 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 period. NewSquare Capital LLC raised its stake 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 valued at $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 worth $588,000 after purchasing 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. 92.44% of the stock is owned by institutional investors and hedge funds.

Cognizant Technology Solutions Price Performance

CTSH stock opened at $84.61 on Friday. The firm has a 50 day moving average of $81.48 and a 200-day moving average of $74.70. The company has a market cap of $40.84 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 1.61 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. Cognizant Technology Solutions Corporation has a 12-month low of $65.15 and a 12-month high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.09. The firm had revenue of $5.42 billion during 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%.Cognizant Technology Solutions’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the business posted $1.25 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. As a group, equities analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently announced 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%.

Analysts Set New Price Targets

Several equities analysts have issued reports on CTSH shares. JPMorgan Chase & Co. boosted their price objective on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Mizuho set a $85.00 price target on shares of Cognizant Technology Solutions in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Cognizant Technology Solutions in a report on Monday, December 29th. Guggenheim reaffirmed a “buy” rating and issued a $85.00 price objective (down previously from $90.00) on shares of Cognizant Technology Solutions in a report on Tuesday, October 21st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $84.00 target price on shares of Cognizant Technology Solutions in a research report on Wednesday, October 29th. Eight equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $87.78.

Insiders Place Their Bets

In related news, CAO John Sunshin Kim sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $80.00, for a total value of $200,000.00. Following the sale, the chief accounting officer owned 36,149 shares of the company’s stock, valued at approximately $2,891,920. This represents a 6.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ravi Kumar Singisetti sold 3,125 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $80.01, for a total value of $250,031.25. Following the transaction, the chief executive officer directly owned 75,454 shares of the company’s stock, valued at $6,037,074.54. The trade was a 3.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 30,206 shares of company stock worth $2,505,231. Insiders own 0.32% of the company’s stock.

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.