Ameritas Advisory Services LLC Purchases 17,877 Shares of Cognizant Technology Solutions Corporation $CTSH

Ameritas Advisory Services LLC boosted its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 6,339.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 18,159 shares of the information technology service provider’s stock after buying an additional 17,877 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Cognizant Technology Solutions were worth $1,507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CTSH. Brighton Jones LLC bought a new stake in Cognizant Technology Solutions during the fourth quarter worth $214,000. Geneos Wealth Management Inc. raised its position in Cognizant Technology Solutions by 118.8% during the first quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock worth $44,000 after acquiring an additional 309 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Cognizant Technology Solutions in the first quarter valued at about $142,000. Cresset Asset Management LLC raised its position in shares of Cognizant Technology Solutions by 11.4% in the second quarter. Cresset Asset Management LLC now owns 9,160 shares of the information technology service provider’s stock valued at $715,000 after purchasing an additional 935 shares during the period. Finally, Jump Financial LLC raised its position in shares of Cognizant Technology Solutions by 231.4% in the second quarter. Jump Financial LLC now owns 29,667 shares of the information technology service provider’s stock valued at $2,315,000 after purchasing an additional 20,716 shares during the period. 92.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Argus raised shares of Cognizant Technology Solutions to a “hold” rating in a research report on Tuesday, February 10th. HSBC dropped their price objective on shares of Cognizant Technology Solutions from $98.00 to $80.00 in a research report on Thursday, April 30th. Jefferies Financial Group dropped their price objective on shares of Cognizant Technology Solutions from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. BMO Capital Markets dropped their price objective on shares of Cognizant Technology Solutions from $83.00 to $63.00 in a research report on Thursday, April 30th. Finally, UBS Group decreased their price target on shares of Cognizant Technology Solutions from $60.00 to $55.00 in a research note on Monday. Ten research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $73.33.

Cognizant Technology Solutions Trading Up 0.2%

Shares of Cognizant Technology Solutions stock opened at $46.05 on Friday. The company has a market capitalization of $21.82 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 0.97 and a beta of 0.81. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 12-month low of $45.48 and a 12-month high of $87.03. The firm’s 50-day moving average price is $58.68 and its two-hundred day moving average price is $70.65.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. The firm had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.41 billion. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.23 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. On average, 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 28.70%.

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.