Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 10,300 Shares of Cognizant Technology Solutions Corporation $CTSH

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 204,620 shares of the information technology service provider’s stock after selling 10,300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Cognizant Technology Solutions were worth $16,983,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in Cognizant Technology Solutions by 2.2% during the fourth quarter. Parallel Advisors LLC now owns 8,610 shares of the information technology service provider’s stock valued at $715,000 after purchasing an additional 186 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in shares of Cognizant Technology Solutions by 27.2% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 38,136 shares of the information technology service provider’s stock worth $3,165,000 after buying an additional 8,156 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new stake in shares of Cognizant Technology Solutions in the fourth quarter worth about $360,000. Prudential PLC lifted its holdings in shares of Cognizant Technology Solutions by 250.5% in the fourth quarter. Prudential PLC now owns 185,463 shares of the information technology service provider’s stock worth $15,393,000 after buying an additional 132,544 shares in the last quarter. Finally, Argent Advisors Inc. lifted its holdings in shares of Cognizant Technology Solutions by 4.9% in the fourth quarter. Argent Advisors Inc. now owns 14,267 shares of the information technology service provider’s stock worth $1,184,000 after buying an additional 670 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CTSH shares. Citigroup lowered their price target on shares of Cognizant Technology Solutions from $58.00 to $51.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Wedbush lowered their price target on shares of Cognizant Technology Solutions from $61.00 to $56.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Evercore lowered their price target on shares of Cognizant Technology Solutions from $100.00 to $70.00 in a report on Thursday, April 30th. HSBC lowered their target price on shares of Cognizant Technology Solutions from $98.00 to $80.00 in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 28th. Ten investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $72.68.

Cognizant Technology Solutions Trading Down 0.4%

Shares of CTSH opened at $53.21 on Friday. The firm’s 50 day simple moving average is $55.65 and its 200 day simple moving average is $68.48. The company has a market capitalization of $25.21 billion, a P/E ratio of 11.57, a P/E/G ratio of 1.12 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.23 and a quick 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 announced its earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The business had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.41 billion. During the same period last year, the firm posted $1.23 earnings per share. Cognizant Technology Solutions’s quarterly revenue was up 5.8% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. Sell-side analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.32 annualized dividend and a dividend yield of 2.5%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.70%.

Cognizant Technology Solutions declared that its board has approved a stock repurchase program on Monday, May 18th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the information technology service provider to purchase up to 9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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.