Stevens Capital Management LP Grows Position in Cognizant Technology Solutions Corporation $CTSH

Stevens Capital Management LP lifted its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 22.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,078 shares of the information technology service provider’s stock after purchasing an additional 943 shares during the quarter. Stevens Capital Management LP’s holdings in Cognizant Technology Solutions were worth $396,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Unison Advisors LLC grew its position in Cognizant Technology Solutions by 0.5% during the second quarter. Unison Advisors LLC now owns 29,843 shares of the information technology service provider’s stock valued at $2,329,000 after buying an additional 135 shares during the period. NewSquare Capital LLC boosted its stake in shares of Cognizant Technology Solutions by 71.8% during the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock worth $29,000 after acquiring an additional 153 shares in the last quarter. STF Management LP grew its position in shares of Cognizant Technology Solutions by 2.1% during the 2nd quarter. STF Management LP now owns 7,534 shares of the information technology service provider’s stock valued at $588,000 after acquiring an additional 158 shares during the period. Kesler Norman & Wride LLC increased its stake in shares of Cognizant Technology Solutions by 1.6% in 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 in the last quarter. Finally, Lifeworks Advisors LLC raised its holdings in Cognizant Technology Solutions by 4.4% in the 2nd quarter. Lifeworks Advisors LLC now owns 4,499 shares of the information technology service provider’s stock worth $351,000 after purchasing an additional 190 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $75.18, for a total transaction of $187,950.00. Following the transaction, the chief accounting officer owned 36,630 shares of the company’s stock, valued at approximately $2,753,843.40. The trade was a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.32% of the company’s stock.

Cognizant Technology Solutions Price Performance

Cognizant Technology Solutions stock opened at $75.98 on Friday. The company has a fifty day simple moving average of $69.54 and a 200-day simple moving average of $73.72. The firm has a market capitalization of $36.67 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.47 and a beta of 0.98. The company has a quick ratio of 2.41, a current ratio of 2.36 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 52-week low of $65.15 and a 52-week high of $90.82.

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, topping analysts’ consensus estimates of $1.30 by $0.09. Cognizant Technology Solutions had a net margin of 10.20% and a return on equity of 17.00%. The firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same period in the previous year, the business posted $1.25 earnings per share. Cognizant Technology Solutions’s quarterly revenue 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. On average, equities analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Tuesday, November 18th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, November 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.77%.

Analyst Upgrades and Downgrades

CTSH has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Cognizant Technology Solutions in a report on Wednesday. Mizuho set a $85.00 price target on shares of Cognizant Technology Solutions in a report on Thursday, October 30th. Guggenheim restated a “buy” rating and set a $85.00 price objective (down from $90.00) on shares of Cognizant Technology Solutions in a research report on Tuesday, October 21st. The Goldman Sachs Group reissued a “neutral” rating and set a $84.00 target price on shares of Cognizant Technology Solutions in a research note on Wednesday, October 29th. Finally, Royal Bank Of Canada reduced their price target on shares of Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating for the company in a research report on Thursday, October 30th. Seven research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $85.19.

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.