Cognizant Technology Solutions Corporation $CTSH Shares Acquired by Quantitative Investment Management LLC

Quantitative Investment Management LLC increased its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 442.8% in the second quarter, HoldingsChannel.com reports. The firm owned 49,474 shares of the information technology service provider’s stock after acquiring an additional 40,359 shares during the quarter. Quantitative Investment Management LLC’s holdings in Cognizant Technology Solutions were worth $1,916,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CTSH. JPL Wealth Management LLC acquired a new position in shares of Cognizant Technology Solutions during the 3rd quarter worth about $25,000. Prosperity Bancshares Inc purchased a new position in shares of Cognizant Technology Solutions in the 4th quarter valued at about $29,000. Signature Equity Partners LLC raised its position in shares of Cognizant Technology Solutions by 102.4% during the 1st quarter. Signature Equity Partners LLC now owns 599 shares of the information technology service provider’s stock worth $37,000 after acquiring an additional 303 shares in the last quarter. Reflection Asset Management purchased a new stake in Cognizant Technology Solutions during the fourth quarter worth approximately $40,000. Finally, MV Capital Management Inc. purchased a new stake in Cognizant Technology Solutions during the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH opened at $64.58 on Tuesday. The stock has a market cap of $29.09 billion, a P/E ratio of 13.89, a P/E/G ratio of 1.28 and a beta of 0.81. Cognizant Technology Solutions Corporation has a twelve month low of $37.08 and a twelve month high of $87.03. The stock has a 50 day moving average of $50.65 and a two-hundred day moving average of $55.11. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.11.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). The business had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%.The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $1.31 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. On average, research analysts forecast that Cognizant Technology Solutions Corporation will post 5.71 earnings per share for the current year.

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

Cognizant Technology Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 18th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.39%.

Wall Street Analyst Weigh In

Several brokerages have commented on CTSH. Dbs Bank dropped their price target on shares of Cognizant Technology Solutions from $80.00 to $66.00 in a research note on Thursday, May 7th. Nomura dropped their target price on shares of Cognizant Technology Solutions from $93.00 to $74.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. HSBC cut their price target on shares of Cognizant Technology Solutions from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Wedbush raised shares of Cognizant Technology Solutions from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $56.00 to $70.00 in a research report on Monday, June 8th. Finally, Daiwa Securities Group decreased their price objective on shares of Cognizant Technology Solutions from $65.00 to $42.00 and set a “neutral” rating for the company in a research note on Wednesday, June 24th. Ten research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $63.00.

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.