BTG Pactual Asset Management US LLC Takes $307,000 Position in Cognizant Technology Solutions Corporation $CTSH

BTG Pactual Asset Management US LLC purchased a new position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the second quarter, HoldingsChannel reports. The firm purchased 7,915 shares of the information technology service provider’s stock, valued at approximately $307,000.

Several other large investors also recently modified their holdings of the company. JPL Wealth Management LLC purchased a new stake in Cognizant Technology Solutions during the third quarter valued at $25,000. Prosperity Bancshares Inc purchased a new position in Cognizant Technology Solutions in the fourth quarter worth about $29,000. Signature Equity Partners LLC grew its stake 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 valued at $37,000 after purchasing an additional 303 shares during the period. Reflection Asset Management bought a new stake in shares of Cognizant Technology Solutions during the 4th quarter valued at about $40,000. Finally, MV Capital Management Inc. purchased a new stake in shares of Cognizant Technology Solutions during the 4th quarter valued at about $42,000. Institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada set a $55.00 price objective on shares of Cognizant Technology Solutions in a research note on Friday, July 24th. Mizuho set a $64.00 target price on shares of Cognizant Technology Solutions in a research report on Thursday, August 6th. UBS Group reduced their target price on shares of Cognizant Technology Solutions from $60.00 to $55.00 in a report on Monday, May 11th. JPMorgan Chase & Co. decreased their price target on shares of Cognizant Technology Solutions from $74.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Finally, Morgan Stanley reiterated a “negative” rating and set a $51.00 price target (up from $44.00) on shares of Cognizant Technology Solutions in a research note on Thursday, July 30th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $63.00.

Cognizant Technology Solutions Stock Down 1.8%

NASDAQ CTSH opened at $63.39 on Wednesday. Cognizant Technology Solutions Corporation has a 52 week low of $37.08 and a 52 week high of $87.03. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $28.55 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 1.21 and a beta of 0.83. The stock’s 50-day moving average price is $51.10 and its 200-day moving average price is $55.06.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data 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 company had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.48 billion. Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. On average, equities research analysts predict that Cognizant Technology Solutions Corporation will post 5.71 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 18th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, August 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 28.39%.

Cognizant Technology Solutions announced that its Board of Directors has approved a stock buyback plan on Monday, May 18th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the information technology service provider to repurchase up to 9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.