Greenleaf Trust Grows Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Greenleaf Trust increased its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 3.4% during the second quarter, Holdings Channel reports. The institutional investor owned 7,710 shares of the information technology service provider’s stock after acquiring an additional 255 shares during the period. Greenleaf Trust’s holdings in Cognizant Technology Solutions were worth $602,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its position in Cognizant Technology Solutions by 118.8% during the first quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock worth $44,000 after acquiring an additional 309 shares during the last quarter. WPG Advisers LLC acquired a new position in Cognizant Technology Solutions during the first quarter worth about $61,000. Zions Bancorporation National Association UT acquired a new position in Cognizant Technology Solutions during the first quarter worth about $66,000. Golden State Wealth Management LLC raised its position in Cognizant Technology Solutions by 290.9% during the first quarter. Golden State Wealth Management LLC now owns 899 shares of the information technology service provider’s stock worth $69,000 after acquiring an additional 669 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in Cognizant Technology Solutions during the first quarter worth about $75,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Performance

Shares of CTSH stock opened at $67.00 on Friday. Cognizant Technology Solutions Corporation has a one year low of $65.17 and a one year high of $90.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.41. The company has a 50 day moving average price of $70.34 and a 200 day moving average price of $74.52. The firm has a market capitalization of $32.72 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 1.39 and a beta of 0.95.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results 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. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The firm had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.17 billion. During the same quarter in the prior year, the business posted $1.17 earnings per share. Cognizant Technology Solutions’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. Sell-side analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.24 annualized dividend and a yield of 1.9%. Cognizant Technology Solutions’s dividend payout ratio is 25.20%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Guggenheim upgraded shares of 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. JPMorgan Chase & Co. cut their target price on shares of 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. Wall Street Zen lowered shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft began coverage on shares of 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. Finally, Evercore ISI began coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued an “outperform” rating and a $100.00 price objective for the company. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Cognizant Technology Solutions currently has an average rating of “Hold” and a consensus target price of $86.79.

Cognizant Technology Solutions Profile

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.