Swiss Life Asset Management Ltd Lowers Stock Position in Cognizant Technology Solutions Corporation $CTSH

Swiss Life Asset Management Ltd decreased its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 51.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,382 shares of the information technology service provider’s stock after selling 95,027 shares during the period. Swiss Life Asset Management Ltd’s holdings in Cognizant Technology Solutions were worth $7,502,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CTSH. JPL Wealth Management LLC acquired a new position in Cognizant Technology Solutions during the third quarter worth $25,000. Lodestone Wealth Management LLC purchased a new stake in shares of Cognizant Technology Solutions during the 4th quarter worth $28,000. Flagship Harbor Advisors LLC purchased a new position in shares of Cognizant Technology Solutions in the 4th quarter valued at about $28,000. Physician Wealth Advisors Inc. lifted its stake in shares of Cognizant Technology Solutions by 165.1% in the fourth quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock valued at $28,000 after purchasing an additional 213 shares during the period. Finally, High Note Wealth LLC boosted its holdings in Cognizant Technology Solutions by 22,450.0% during the third quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock worth $30,000 after buying an additional 449 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Price Performance

CTSH stock opened at $45.97 on Thursday. The stock’s 50 day moving average price is $59.04 and its 200 day moving average price is $70.80. The firm has a market cap of $21.78 billion, a P/E ratio of 9.99, a PEG ratio of 1.01 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 2.23. Cognizant Technology Solutions Corporation has a 1 year low of $45.48 and a 1 year high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.07. The business had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.41 billion. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.23 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. On average, sell-side analysts expect that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, May 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.9%. Cognizant Technology Solutions’s payout ratio is 28.70%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CTSH shares. Royal Bank Of Canada boosted their price target on Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th. Wedbush decreased their target price on Cognizant Technology Solutions from $61.00 to $56.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. UBS Group dropped their price target on Cognizant Technology Solutions from $60.00 to $55.00 in a research report on Monday. Robert W. Baird set a $72.00 price target on Cognizant Technology Solutions and gave the stock a “neutral” rating in a research note on Friday, April 10th. Finally, Guggenheim decreased their price objective on shares of Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Ten investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $73.33.

About Cognizant Technology Solutions

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.