Nordea Investment Management AB Purchases 3,328 Shares of Cognizant Technology Solutions Corporation $CTSH

Nordea Investment Management AB grew its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 7.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 45,992 shares of the information technology service provider’s stock after acquiring an additional 3,328 shares during the period. Nordea Investment Management AB’s holdings in Cognizant Technology Solutions were worth $3,586,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CTSH. Hilltop National Bank bought a new position in shares of Cognizant Technology Solutions in the 2nd quarter valued at $27,000. Geneos Wealth Management Inc. increased its holdings in Cognizant Technology Solutions by 118.8% in the first quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock valued at $44,000 after purchasing an additional 309 shares during the period. WPG Advisers LLC acquired a new stake in Cognizant Technology Solutions in the first quarter valued at $61,000. Zions Bancorporation National Association UT acquired a new stake in Cognizant Technology Solutions in the first quarter valued at $66,000. Finally, Golden State Wealth Management LLC increased its holdings in Cognizant Technology Solutions by 290.9% in the first quarter. Golden State Wealth Management LLC now owns 899 shares of the information technology service provider’s stock valued at $69,000 after purchasing an additional 669 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Guggenheim restated a “buy” rating and issued a $85.00 price objective (down from $90.00) on shares of Cognizant Technology Solutions in a report on Tuesday. Evercore ISI assumed coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an “outperform” rating and a $100.00 price objective for the company. Wells Fargo & Company assumed coverage on Cognizant Technology Solutions in a report on Tuesday. They issued an “overweight” rating and a $82.00 price objective for the company. Wall Street Zen downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $86.13.

Cognizant Technology Solutions Price Performance

CTSH stock opened at $68.77 on Wednesday. The stock has a market capitalization of $33.59 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 1.39 and a beta of 0.95. The company’s 50-day moving average is $69.18 and its 200-day moving average is $73.65. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41. Cognizant Technology Solutions Corporation has a 1 year low of $65.15 and a 1 year high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last released 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. The company had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.17 billion. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. Equities research analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The firm also recently declared 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 of this dividend was Monday, August 18th. This represents a $1.24 annualized dividend and a yield of 1.8%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 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.