J. Safra Sarasin Holding AG Acquires 13,448 Shares of Cognizant Technology Solutions Corporation $CTSH

J. Safra Sarasin Holding AG increased its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 147.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,596 shares of the information technology service provider’s stock after acquiring an additional 13,448 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Cognizant Technology Solutions were worth $1,875,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CTSH. State Street Corp boosted its position in shares of Cognizant Technology Solutions by 0.6% during the 2nd quarter. State Street Corp now owns 25,381,572 shares of the information technology service provider’s stock worth $1,980,524,000 after purchasing an additional 157,427 shares in the last quarter. AustralianSuper Pty Ltd acquired a new stake in shares of Cognizant Technology Solutions in the 3rd quarter valued at about $4,422,000. Thrivent Financial for Lutherans increased its position in Cognizant Technology Solutions by 60.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 39,474 shares of the information technology service provider’s stock valued at $3,079,000 after buying an additional 14,946 shares in the last quarter. Alps Advisors Inc. raised its stake in Cognizant Technology Solutions by 16.5% during the 3rd quarter. Alps Advisors Inc. now owns 306,078 shares of the information technology service provider’s stock worth $20,529,000 after buying an additional 43,252 shares during the period. Finally, Amundi boosted its holdings in Cognizant Technology Solutions by 5.2% in the second quarter. Amundi now owns 4,755,344 shares of the information technology service provider’s stock worth $381,135,000 after acquiring an additional 235,432 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Trading Up 0.5%

NASDAQ CTSH opened at $61.35 on Wednesday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $68.41 and a 200 day simple moving average of $73.01. Cognizant Technology Solutions Corporation has a 12 month low of $58.83 and a 12 month high of $87.03. The firm has a market capitalization of $29.34 billion, a P/E ratio of 13.48, a PEG ratio of 1.32 and a beta of 0.99.

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

Cognizant Technology Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, February 18th. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. Cognizant Technology Solutions’s payout ratio is currently 29.01%.

Insider Activity

In other news, insider Surya Gummadi sold 1,728 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $83.06, for a total value of $143,527.68. Following the transaction, the insider owned 25,641 shares in the company, valued at $2,129,741.46. The trade was a 6.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Patsalos-Fox sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $84.23, for a total value of $168,460.00. Following the completion of the transaction, the director directly owned 29,729 shares of the company’s stock, valued at approximately $2,504,073.67. This represents a 6.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 3,859 shares of company stock valued at $319,950. Company insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Berenberg Bank set a $107.00 price objective on Cognizant Technology Solutions and gave the company a “buy” rating in a research note on Thursday, January 22nd. Susquehanna reiterated a “positive” rating and issued a $98.00 target price on shares of Cognizant Technology Solutions in a report on Friday, January 23rd. Argus upgraded shares of Cognizant Technology Solutions to a “hold” rating in a research note on Tuesday, February 10th. Guggenheim restated a “buy” rating and set a $100.00 price objective (up from $95.00) on shares of Cognizant Technology Solutions in a report on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Monday, January 26th. Nine research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $88.78.

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.