Uncommon Cents Investing LLC Grows Stake in Cognizant Technology Solutions Corporation $CTSH

Uncommon Cents Investing LLC lifted its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 6.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,235 shares of the information technology service provider’s stock after buying an additional 505 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Cognizant Technology Solutions were worth $643,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Invesco Ltd. lifted its position in shares of Cognizant Technology Solutions by 13.3% during the 1st quarter. Invesco Ltd. now owns 12,077,445 shares of the information technology service provider’s stock valued at $923,925,000 after buying an additional 1,422,265 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Cognizant Technology Solutions by 117.5% during the first quarter. Goldman Sachs Group Inc. now owns 6,805,893 shares of the information technology service provider’s stock worth $520,651,000 after purchasing an additional 3,677,145 shares during the period. Wellington Management Group LLP increased its stake in shares of Cognizant Technology Solutions by 9.9% in the first quarter. Wellington Management Group LLP now owns 6,458,318 shares of the information technology service provider’s stock worth $494,061,000 after purchasing an additional 579,175 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Cognizant Technology Solutions by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 6,029,067 shares of the information technology service provider’s stock valued at $461,169,000 after purchasing an additional 28,646 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Cognizant Technology Solutions by 6.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,648,919 shares of the information technology service provider’s stock valued at $355,642,000 after buying an additional 275,755 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of Cognizant Technology Solutions stock opened at $66.98 on Monday. Cognizant Technology Solutions Corporation has a 12-month low of $65.17 and a 12-month high of $90.82. The firm has a market cap of $32.71 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.39 and a beta of 0.93. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.04. The company’s fifty day simple moving average is $71.11 and its two-hundred day simple moving average is $74.80.

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

Cognizant Technology Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, August 18th. Cognizant Technology Solutions’s payout ratio is presently 25.20%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft started coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a “hold” rating and a $80.00 price target on the stock. Evercore ISI began coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued an “outperform” rating and a $100.00 target price on the stock. Wall Street Zen downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Guggenheim raised shares of Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Friday, July 18th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Cognizant Technology Solutions has a consensus rating of “Hold” and a consensus price target of $86.79.

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.