11,946 Shares in Cognizant Technology Solutions Corporation $CTSH Acquired by XXI Wealth LLC

XXI Wealth LLC purchased a new position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,946 shares of the information technology service provider’s stock, valued at approximately $686,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its position in Cognizant Technology Solutions by 925.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,652,358 shares of the information technology service provider’s stock valued at $141,456,000 after buying an additional 3,296,205 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in Cognizant Technology Solutions by 14.9% in the first quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock worth $1,243,096,000 after acquiring an additional 2,633,683 shares in the last quarter. Artemis Investment Management LLP boosted its holdings in Cognizant Technology Solutions by 289.6% in the third quarter. Artemis Investment Management LLP now owns 2,905,584 shares of the information technology service provider’s stock worth $166,897,000 after acquiring an additional 2,159,704 shares in the last quarter. Vontobel Holding Ltd. grew its stake in shares of Cognizant Technology Solutions by 761.3% in the third quarter. Vontobel Holding Ltd. now owns 1,859,134 shares of the information technology service provider’s stock worth $106,789,000 after acquiring an additional 1,643,271 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of Cognizant Technology Solutions by 752.1% in the first quarter. Lazard Asset Management LLC now owns 1,317,166 shares of the information technology service provider’s stock worth $80,808,000 after acquiring an additional 1,162,580 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Performance

Shares of Cognizant Technology Solutions stock traded down $3.18 during trading on Friday, hitting $70.54. 6,347,835 shares of the company’s stock traded hands, compared to its average volume of 6,724,064. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.18 and a quick ratio of 2.18. Cognizant Technology Solutions Corporation has a 1 year low of $37.08 and a 1 year high of $87.03. The stock has a market capitalization of $31.77 billion, a P/E ratio of 15.17, a PEG ratio of 1.38 and a beta of 0.86. The business has a 50-day simple moving average of $61.58 and a 200-day simple moving average of $54.74.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). The business had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%. Cognizant Technology Solutions’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $1.31 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. As a group, analysts forecast that Cognizant Technology Solutions Corporation will post 5.74 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, August 18th. Cognizant Technology Solutions’s payout ratio is presently 28.39%.

Cognizant Technology Solutions News Summary

Here are the key news stories impacting Cognizant Technology Solutions this week:

• Positive Sentiment: Cognizant launched AI Nexus, a modular platform designed to help enterprises manage AI spending, quality and business outcomes. The product could strengthen the company’s AI-services offering and support demand for its consulting and implementation work. Introducing Cognizant AI Nexus
• Positive Sentiment: The planned acquisition of DyFlex Solutions would add SAP advisory, implementation and managed-services capabilities in Australia and New Zealand, potentially expanding Cognizant’s AI-led enterprise-transformation business. Wedbush said the deal could improve the company’s SAP and AI capabilities. Cognizant to Acquire DyFlex Solutions
• Positive Sentiment: Options activity showed elevated call buying, while several analysts maintain bullish ratings, including Buy or Overweight recommendations. These signals suggest some investors still expect upside.
• Neutral Sentiment: Analysts expect single-digit earnings growth in the upcoming report. However, the median recent price target of $69 is close to the stock’s trading level, indicating limited consensus upside at present.
• Negative Sentiment: Investors are reducing exposure ahead of earnings amid uncertainty about IT-services demand, AI spending and Cognizant’s near-term outlook. Recent commentary also suggests the company may not have the strongest setup for an earnings beat.
• Negative Sentiment: Broader weakness in technology shares and cooling enthusiasm for parts of the AI trade pressured consulting and IT-services companies, weighing on CTSH independently of company-specific developments.
• Negative Sentiment: Insiders reported nine open-market sales and no purchases over the past six months. In addition, a new credit agreement featuring a $550 million term loan and a $1.85 billion revolving facility has drawn attention to capital allocation and leverage.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CTSH shares. Citigroup restated a “neutral” rating on shares of Cognizant Technology Solutions in a report on Monday. Robert W. Baird set a $68.00 price target on shares of Cognizant Technology Solutions in a research note on Thursday, July 30th. Royal Bank Of Canada set a $55.00 price objective on shares of Cognizant Technology Solutions in a research report on Friday, July 24th. Morgan Stanley restated a “negative” rating and set a $51.00 price objective (up from $44.00) on shares of Cognizant Technology Solutions in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Cognizant Technology Solutions from $74.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Cognizant Technology Solutions presently has an average rating of “Hold” and a consensus price target of $64.70.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation is a global information technology services and consulting company that helps organizations modernize their technology infrastructure, operations and customer experiences. The company serves businesses across industries including financial services, healthcare, life sciences, manufacturing, retail and communications.

Cognizant’s services include consulting, application development and modernization, cloud computing, data and artificial intelligence, digital engineering, cybersecurity and business process services.