Keystone Investors PTE Ltd. Makes New Investment in Cognizant Technology Solutions Corporation $CTSH

Keystone Investors PTE Ltd. purchased a new position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 110,855 shares of the information technology service provider’s stock, valued at approximately $9,201,000. Cognizant Technology Solutions comprises approximately 0.8% of Keystone Investors PTE Ltd.’s investment portfolio, making the stock its 29th biggest holding.

Several other large investors also recently modified their holdings of CTSH. JPL Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions in the third quarter worth about $25,000. Lodestone Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions in the fourth quarter worth about $28,000. Flagship Harbor Advisors LLC bought a new stake in shares of Cognizant Technology Solutions in the fourth quarter worth about $28,000. Physician Wealth Advisors Inc. increased its holdings in shares of Cognizant Technology Solutions by 165.1% in the fourth quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock worth $28,000 after acquiring an additional 213 shares in the last quarter. Finally, Towne Trust Company N.A increased its holdings in shares of Cognizant Technology Solutions by 85.0% in the fourth quarter. Towne Trust Company N.A now owns 370 shares of the information technology service provider’s stock worth $31,000 after acquiring an additional 170 shares in 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 $52.17 on Friday. The stock has a 50 day moving average price of $54.79 and a 200 day moving average price of $67.76. Cognizant Technology Solutions Corporation has a 52 week low of $45.48 and a 52 week high of $87.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a market capitalization of $24.72 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of 1.08 and a beta of 0.81.

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

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

Cognizant Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.32 annualized dividend and a yield of 2.5%. Cognizant Technology Solutions’s dividend payout ratio is 28.70%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Robert W. Baird set a $72.00 price target on Cognizant Technology Solutions and gave the stock a “neutral” rating in a report on Friday, April 10th. BMO Capital Markets lowered their price target on Cognizant Technology Solutions from $83.00 to $63.00 in a report on Thursday, April 30th. Berenberg Bank lowered their price target on Cognizant Technology Solutions from $107.00 to $81.00 and set a “buy” rating for the company in a report on Monday, May 11th. Mizuho decreased their price objective on Cognizant Technology Solutions from $87.00 to $68.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. decreased their price objective on Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating for the company in a report on Tuesday, April 28th. Eleven investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $73.50.

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.