Plato Investment Management Ltd Boosts Stock Position in Cognizant Technology Solutions Corporation $CTSH

Plato Investment Management Ltd raised its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 926.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,877 shares of the information technology service provider’s stock after purchasing an additional 9,817 shares during the quarter. Plato Investment Management Ltd’s holdings in Cognizant Technology Solutions were worth $846,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Kesler Norman & Wride LLC grew its stake in Cognizant Technology Solutions by 1.6% during the 2nd quarter. Kesler Norman & Wride LLC now owns 11,289 shares of the information technology service provider’s stock valued at $881,000 after purchasing an additional 179 shares during the last quarter. Lifeworks Advisors LLC grew its stake in Cognizant Technology Solutions by 4.4% during the 2nd quarter. Lifeworks Advisors LLC now owns 4,499 shares of the information technology service provider’s stock valued at $351,000 after purchasing an additional 190 shares during the last quarter. AlphaStar Capital Management LLC purchased a new stake in Cognizant Technology Solutions during the 2nd quarter valued at about $2,508,000. Linscomb Wealth Inc. grew its stake in Cognizant Technology Solutions by 11.0% during the 2nd quarter. Linscomb Wealth Inc. now owns 33,403 shares of the information technology service provider’s stock valued at $2,606,000 after purchasing an additional 3,298 shares during the last quarter. Finally, Simon Quick Advisors LLC grew its stake in Cognizant Technology Solutions by 147.0% during the 2nd quarter. Simon Quick Advisors LLC now owns 7,260 shares of the information technology service provider’s stock valued at $567,000 after purchasing an additional 4,321 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada decreased their price objective on Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating for the company in a report on Thursday. Wells Fargo & Company boosted their price objective on Cognizant Technology Solutions from $82.00 to $87.00 and gave the company an “overweight” rating in a report on Thursday. 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. The Goldman Sachs Group reissued a “neutral” rating and issued a $84.00 price objective on shares of Cognizant Technology Solutions in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on Cognizant Technology Solutions from $89.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday. Six analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $85.19.

Cognizant Technology Solutions Stock Performance

NASDAQ CTSH opened at $72.88 on Monday. The stock has a market capitalization of $35.59 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 1.47 and a beta of 0.95. Cognizant Technology Solutions Corporation has a twelve month low of $65.15 and a twelve month high of $90.82. The company has a current ratio of 2.36, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average of $69.02 and a 200 day moving average of $73.70.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.09. The company had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.Cognizant Technology Solutions’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.25 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. Sell-side analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. Cognizant Technology Solutions’s dividend payout ratio is presently 28.77%.

Cognizant Technology Solutions Company 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.