Cognizant Technology Solutions Corporation $CTSH Shares Sold by Swedbank AB

Swedbank AB lowered its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,692 shares of the information technology service provider’s stock after selling 17,599 shares during the period. Swedbank AB’s holdings in Cognizant Technology Solutions were worth $16,657,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new position in shares of Cognizant Technology Solutions during the fourth quarter worth $28,000. Physician Wealth Advisors Inc. grew its stake in shares of Cognizant Technology Solutions by 165.1% during the fourth quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock worth $28,000 after purchasing an additional 213 shares in the last quarter. Lodestone Wealth Management LLC acquired a new position in shares of Cognizant Technology Solutions during the fourth quarter worth $28,000. Towne Trust Company N.A grew its stake in shares of Cognizant Technology Solutions by 85.0% during the fourth quarter. Towne Trust Company N.A now owns 370 shares of the information technology service provider’s stock worth $31,000 after purchasing an additional 170 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new position in shares of Cognizant Technology Solutions during the third quarter worth $25,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CTSH. TD Cowen reiterated a “hold” rating and set a $62.00 target price (down from $71.00) on shares of Cognizant Technology Solutions in a research note on Thursday, April 30th. Mizuho lowered their target price on shares of Cognizant Technology Solutions from $87.00 to $68.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Morgan Stanley lowered their target price on shares of Cognizant Technology Solutions from $70.00 to $63.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Evercore lowered their target price on shares of Cognizant Technology Solutions from $100.00 to $70.00 in a research note on Thursday, April 30th. Finally, Argus upgraded shares of Cognizant Technology Solutions to a “hold” rating in a research note on Tuesday, February 10th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, Cognizant Technology Solutions has a consensus rating of “Hold” and a consensus price target of $73.00.

Cognizant Technology Solutions Stock Performance

NASDAQ CTSH opened at $52.75 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.23 and a quick ratio of 2.23. Cognizant Technology Solutions Corporation has a 1 year low of $45.48 and a 1 year high of $87.03. The company has a market capitalization of $25.00 billion, a PE ratio of 11.47, a P/E/G ratio of 1.11 and a beta of 0.81. The company has a fifty day moving average of $56.88 and a two-hundred day moving average of $69.67.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.07. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.41 billion. During the same quarter in the prior year, the firm posted $1.23 earnings per share. Cognizant Technology Solutions’s revenue for the quarter was up 5.8% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, analysts expect that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current year.

Cognizant Technology Solutions declared that its board has initiated a stock repurchase plan on Monday, May 18th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the information technology service provider to reacquire up to 9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Cognizant Technology Solutions Dividend Announcement

The business 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 $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio is currently 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.