Cognizant Technology Solutions Corporation $CTSH Shares Purchased by Rhumbline Advisers

Rhumbline Advisers lifted its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,127,918 shares of the information technology service provider’s stock after acquiring an additional 8,947 shares during the period. Rhumbline Advisers owned 0.23% of Cognizant Technology Solutions worth $75,649,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CTSH. NewSquare Capital LLC raised its holdings in Cognizant Technology Solutions by 71.8% during the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock worth $29,000 after purchasing an additional 153 shares in the last quarter. High Note Wealth LLC increased its position in shares of Cognizant Technology Solutions by 22,450.0% during the 3rd quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock valued at $30,000 after purchasing an additional 449 shares during the period. Winnow Wealth LLC bought a new stake in shares of Cognizant Technology Solutions in the 3rd quarter worth $39,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings 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 period. Finally, Root Financial Partners LLC bought a new position in Cognizant Technology Solutions during the third quarter valued at about $41,000. 92.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CTSH. JPMorgan Chase & Co. boosted their price target on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. TD Cowen reaffirmed a “hold” rating and issued a $85.00 price objective (up previously from $84.00) on shares of Cognizant Technology Solutions in a research note on Thursday, February 5th. 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 report on Monday, December 8th. Guggenheim restated a “buy” rating and set a $100.00 target price (up from $95.00) on shares of Cognizant Technology Solutions in a report on Wednesday, January 28th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $86.00 price target (up previously from $75.00) on shares of Cognizant Technology Solutions in a report on Thursday, January 22nd. Ten equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $90.17.

Insiders Place Their Bets

In other news, Director Michael Patsalos-Fox sold 7,000 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $83.52, for a total value of $584,640.00. Following the transaction, the director owned 47,729 shares in the company, valued at $3,986,326.08. This represents a 12.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Surya Gummadi sold 1,728 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $83.06, for a total transaction of $143,527.68. Following the completion of the sale, the insider directly owned 25,641 shares of the company’s stock, valued at $2,129,741.46. This trade represents a 6.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 29,434 shares of company stock valued at $2,460,809 over the last ninety days. Corporate insiders own 0.32% of the company’s stock.

Cognizant Technology Solutions Stock Down 7.2%

CTSH stock opened at $65.83 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.34 and a quick ratio of 2.36. The firm has a market capitalization of $31.77 billion, a P/E ratio of 14.47, a P/E/G ratio of 1.54 and a beta of 0.95. Cognizant Technology Solutions Corporation has a 52-week low of $65.00 and a 52-week high of $90.82. The company’s 50 day simple moving average is $82.32 and its 200-day simple moving average is $74.87.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, February 4th. The information technology service provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The firm had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.31 billion. During the same quarter last year, the business posted $1.21 EPS. The company’s revenue was up 4.9% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. As a group, equities research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th will be issued a dividend of $0.33 per share. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, February 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 27.25%.

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.