National Pension Service Purchases 49,783 Shares of Cognizant Technology Solutions Corporation $CTSH

National Pension Service raised its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 5.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 913,503 shares of the information technology service provider’s stock after purchasing an additional 49,783 shares during the quarter. National Pension Service’s holdings in Cognizant Technology Solutions were worth $75,821,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CTSH. CIBC Bancorp USA Inc. purchased a new position in Cognizant Technology Solutions in the 3rd quarter worth approximately $201,834,000. Voloridge Investment Management LLC raised its holdings in Cognizant Technology Solutions by 801.4% in the 3rd quarter. Voloridge Investment Management LLC now owns 2,104,276 shares of the information technology service provider’s stock worth $141,134,000 after acquiring an additional 1,870,834 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Cognizant Technology Solutions by 144.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,631,890 shares of the information technology service provider’s stock worth $176,521,000 after acquiring an additional 1,554,648 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in Cognizant Technology Solutions in the 4th quarter worth approximately $84,574,000. Finally, Invesco Ltd. raised its holdings in Cognizant Technology Solutions by 8.6% in the 3rd quarter. Invesco Ltd. now owns 12,534,198 shares of the information technology service provider’s stock worth $840,669,000 after acquiring an additional 987,395 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Stock Performance

Shares of NASDAQ CTSH opened at $55.76 on Friday. The firm’s 50-day moving average price is $56.31 and its 200-day moving average price is $69.14. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.04. The company has a market cap of $26.42 billion, a PE ratio of 12.12, a PEG ratio of 1.17 and a beta of 0.81. Cognizant Technology Solutions Corporation has a 52-week low of $45.48 and a 52-week high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, beating 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 quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, analysts anticipate that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.4%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.70%.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CTSH. HSBC decreased their price objective on shares of Cognizant Technology Solutions from $98.00 to $80.00 in a report on Thursday, April 30th. Wedbush decreased their price objective on shares of Cognizant Technology Solutions from $61.00 to $56.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Susquehanna decreased their price objective on shares of Cognizant Technology Solutions from $98.00 to $88.00 and set a “positive” rating for the company in a report on Friday, May 1st. Nomura raised their price target on shares of Cognizant Technology Solutions from $92.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Robert W. Baird set a $72.00 price target on shares of Cognizant Technology Solutions and gave the company a “neutral” rating in a report on Friday, April 10th. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.00.

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.