Cognizant Technology Solutions Corporation $CTSH Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC lowered its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 3.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,262 shares of the information technology service provider’s stock after selling 575 shares during the period. Ameritas Advisory Services LLC’s holdings in Cognizant Technology Solutions were worth $1,113,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Conning Inc. lifted its stake in Cognizant Technology Solutions by 4.4% in the first quarter. Conning Inc. now owns 3,547 shares of the information technology service provider’s stock worth $271,000 after acquiring an additional 149 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Cognizant Technology Solutions by 1.7% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,733 shares of the information technology service provider’s stock worth $668,000 after acquiring an additional 149 shares during the last quarter. Private Trust Co. NA lifted its stake in Cognizant Technology Solutions by 8.6% in the first quarter. Private Trust Co. NA now owns 1,913 shares of the information technology service provider’s stock worth $146,000 after acquiring an additional 151 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in Cognizant Technology Solutions by 4.0% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 3,969 shares of the information technology service provider’s stock worth $304,000 after acquiring an additional 154 shares during the last quarter. Finally, Cairn Investment Group Inc. lifted its stake in Cognizant Technology Solutions by 0.3% in the first quarter. Cairn Investment Group Inc. now owns 54,755 shares of the information technology service provider’s stock worth $4,189,000 after acquiring an additional 172 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Evercore ISI assumed coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued an “outperform” rating and a $100.00 price target for the company. Wall Street Zen downgraded shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research report on Saturday, September 27th. Guggenheim upgraded shares of Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Cognizant Technology Solutions in a research report on Thursday, July 17th. They set a “hold” rating and a $80.00 price objective for the company. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $86.79.

Cognizant Technology Solutions Stock Performance

Shares of CTSH opened at $67.66 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.41. Cognizant Technology Solutions Corporation has a 1 year low of $65.17 and a 1 year high of $90.82. The stock has a market capitalization of $33.05 billion, a P/E ratio of 13.75, a P/E/G ratio of 1.41 and a beta of 0.95. The company’s fifty day moving average is $70.16 and its two-hundred day moving average is $74.40.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $5.25 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. On average, sell-side analysts predict that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were given a $0.31 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. Cognizant Technology Solutions’s payout ratio is currently 25.20%.

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.