Cognizant Technology Solutions Corporation $CTSH Holdings Boosted by Vest Financial LLC

Vest Financial LLC grew its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 18.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 993,288 shares of the information technology service provider’s stock after acquiring an additional 157,736 shares during the quarter. Vest Financial LLC owned about 0.22% of Cognizant Technology Solutions worth $57,054,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Security National Bank of SO Dak raised its holdings in shares of Cognizant Technology Solutions by 1.1% during the second quarter. Security National Bank of SO Dak now owns 25,780 shares of the information technology service provider’s stock valued at $998,000 after purchasing an additional 290 shares during the last quarter. Signature Equity Partners LLC lifted its position in Cognizant Technology Solutions by 102.4% during the first 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. Pine Valley Investments Ltd Liability Co lifted its position in Cognizant Technology Solutions by 3.6% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 9,338 shares of the information technology service provider’s stock valued at $573,000 after purchasing an additional 322 shares during the period. Marquette Asset Management LLC boosted its holdings in Cognizant Technology Solutions by 183.9% in the third quarter. Marquette Asset Management LLC now owns 545 shares of the information technology service provider’s stock worth $31,000 after purchasing an additional 353 shares during the last quarter. Finally, Patton Fund Management Inc. boosted its holdings in Cognizant Technology Solutions by 12.8% in the first quarter. Patton Fund Management Inc. now owns 3,270 shares of the information technology service provider’s stock worth $201,000 after purchasing an additional 371 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

NASDAQ CTSH opened at $69.55 on Thursday. The company has a 50-day moving average price of $61.06 and a 200-day moving average price of $54.55. 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 firm has a market capitalization of $31.33 billion, a P/E ratio of 14.96, a PEG ratio of 1.27 and a beta of 0.86.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted 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 business had revenue of $5.48 billion during 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 quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.31 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. Equities research analysts anticipate that Cognizant Technology Solutions Corporation will post 5.74 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Tuesday, August 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.39%.

Wall Street Analyst Weigh In

A number of research firms have commented on CTSH. Nomura cut their target price on shares of Cognizant Technology Solutions from $93.00 to $74.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Robert W. Baird set a $68.00 price target on Cognizant Technology Solutions in a report on Thursday, July 30th. Daiwa Securities Group increased their price target on Cognizant Technology Solutions from $42.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, September 25th. Weiss Ratings upgraded Cognizant Technology Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Finally, Mizuho set a $64.00 price target on Cognizant Technology Solutions in a research note on Thursday, August 6th. Ten research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $64.70.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation is a global information technology services and consulting company that helps organizations modernize their technology infrastructure, operations and customer experiences. The company serves businesses across industries including financial services, healthcare, life sciences, manufacturing, retail and communications.

Cognizant’s services include consulting, application development and modernization, cloud computing, data and artificial intelligence, digital engineering, cybersecurity and business process services.