Machina Capital S.A.S. Sells 3,087 Shares of Cognizant Technology Solutions Corporation $CTSH

Machina Capital S.A.S. lowered its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 29.0% in the second quarter, HoldingsChannel reports. The fund owned 7,569 shares of the information technology service provider’s stock after selling 3,087 shares during the period. Machina Capital S.A.S.’s holdings in Cognizant Technology Solutions were worth $591,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CTSH. Hilltop National Bank acquired a new position in Cognizant Technology Solutions during the 2nd quarter worth approximately $27,000. Geneos Wealth Management Inc. boosted its position in Cognizant Technology Solutions by 118.8% during the 1st 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 1st quarter worth approximately $61,000. Zions Bancorporation National Association UT acquired a new position in Cognizant Technology Solutions during the 1st quarter worth approximately $66,000. Finally, Wayfinding Financial LLC acquired a new position in Cognizant Technology Solutions during the 1st quarter worth approximately $75,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Down 0.2%

CTSH opened at $72.73 on Tuesday. Cognizant Technology Solutions Corporation has a 1-year low of $65.15 and a 1-year high of $90.82. The stock’s fifty day simple moving average is $69.03 and its 200 day simple moving average is $73.72. 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 market cap of $35.52 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 1.47 and a beta of 0.95.

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

Cognizant Technology Solutions Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CTSH shares. UBS Group set a $78.00 price target on Cognizant Technology Solutions and gave the stock a “neutral” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft started coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a “hold” rating and a $80.00 price objective for the company. Wells Fargo & Company increased 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, October 30th. Evercore ISI started 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cognizant Technology Solutions in a report on Thursday, October 30th. Six equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $85.19.

Insiders Place Their Bets

In related news, CAO John Sunshin Kim sold 2,500 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $75.18, for a total value of $187,950.00. Following the sale, the chief accounting officer owned 36,630 shares in the company, valued at approximately $2,753,843.40. This represents a 6.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.32% of the company’s stock.

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.