Cognizant Technology Solutions Corporation $CTSH Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. lessened its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 59.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,822 shares of the information technology service provider’s stock after selling 12,930 shares during the period. Fox Run Management L.L.C.’s holdings in Cognizant Technology Solutions were worth $592,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CTSH. NewSquare Capital LLC lifted its stake in shares of Cognizant Technology Solutions by 71.8% during the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock worth $29,000 after purchasing an additional 153 shares in the last quarter. High Note Wealth LLC raised its holdings in shares of Cognizant Technology Solutions by 22,450.0% during the 3rd quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock valued at $30,000 after buying an additional 449 shares during the period. New Millennium Group LLC acquired a new position in Cognizant Technology Solutions during the 3rd quarter worth approximately $34,000. Winnow Wealth LLC purchased a new position in Cognizant Technology Solutions in the 3rd quarter worth approximately $39,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in Cognizant Technology Solutions by 267.7% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 603 shares of the information technology service provider’s stock valued at $40,000 after acquiring an additional 439 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cognizant Technology Solutions

In related news, Director Michael Patsalos-Fox sold 2,000 shares of the stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $84.23, for a total transaction of $168,460.00. Following the sale, the director owned 29,729 shares in the company, valued at $2,504,073.67. This represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO John Sunshin Kim sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $80.00, for a total value of $200,000.00. Following the transaction, the chief accounting officer directly owned 36,149 shares of the company’s stock, valued at $2,891,920. This trade represents a 6.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 29,434 shares of company stock worth $2,460,809 in the last quarter. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CTSH has been the subject of several analyst reports. Mizuho set a $87.00 target price on shares of Cognizant Technology Solutions in a research note on Monday, February 9th. Argus raised shares of Cognizant Technology Solutions to a “hold” rating in a research report on Tuesday, February 10th. Susquehanna restated a “positive” rating and set a $98.00 target price on shares of Cognizant Technology Solutions in a research note on Friday, January 23rd. William Blair upgraded Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research note on Friday, November 21st. Finally, Weiss Ratings raised Cognizant Technology Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $90.17.

Cognizant Technology Solutions Trading Down 0.8%

NASDAQ:CTSH opened at $64.43 on Friday. The company has a market cap of $30.81 billion, a PE ratio of 14.16, a P/E/G ratio of 1.40 and a beta of 0.95. The business’s 50 day moving average is $78.21 and its two-hundred day moving average is $74.36. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 52 week low of $60.03 and a 52 week high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.03. The business had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.31 billion. Cognizant Technology Solutions had a return on equity of 17.17% and a net margin of 10.56%.The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.21 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. On average, analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th were issued a $0.33 dividend. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $1.32 annualized dividend and a dividend yield of 2.0%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 29.01%.

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.