MBB Public Markets I LLC Acquires New Shares in Cognizant Technology Solutions Corporation $CTSH

MBB Public Markets I LLC acquired a new stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,157 shares of the information technology service provider’s stock, valued at approximately $318,000.

Several other hedge funds also recently bought and sold shares of CTSH. Brighton Jones LLC purchased a new position in Cognizant Technology Solutions during the fourth quarter worth $214,000. CoreCap Advisors LLC increased its position in Cognizant Technology Solutions by 21.5% during the fourth quarter. CoreCap Advisors LLC now owns 711 shares of the information technology service provider’s stock worth $55,000 after buying an additional 126 shares in the last quarter. Ensign Peak Advisors Inc increased its position in Cognizant Technology Solutions by 6.0% during the fourth quarter. Ensign Peak Advisors Inc now owns 39,452 shares of the information technology service provider’s stock worth $3,034,000 after buying an additional 2,240 shares in the last quarter. Focus Partners Wealth increased its position in Cognizant Technology Solutions by 7.0% during the fourth quarter. Focus Partners Wealth now owns 18,446 shares of the information technology service provider’s stock worth $1,491,000 after buying an additional 1,202 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in Cognizant Technology Solutions by 3.4% during the fourth quarter. Nuveen Asset Management LLC now owns 1,208,981 shares of the information technology service provider’s stock worth $92,971,000 after buying an additional 39,667 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Trading Down 0.6%

Shares of NASDAQ CTSH opened at $70.78 on Wednesday. The stock has a market capitalization of $34.57 billion, a P/E ratio of 14.39, a PEG ratio of 1.48 and a beta of 0.93. The stock’s 50 day moving average price is $73.40 and its two-hundred day moving average price is $76.17. Cognizant Technology Solutions Corporation has a 52-week low of $65.52 and a 52-week high of $90.82. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The business had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.17 billion. During the same period in the prior year, the company posted $1.17 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. On average, analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 25.20%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued a “hold” rating and a $80.00 price objective for the company. JPMorgan Chase & Co. lowered their price target on Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Guggenheim raised Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Friday, July 18th. Wall Street Zen downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Evercore ISI initiated coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued an “outperform” rating and a $100.00 target price for the company. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $86.07.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.