WINTON GROUP Ltd Has $5.08 Million Stake in Cognizant Technology Solutions Corporation $CTSH

WINTON GROUP Ltd lifted its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 110.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,124 shares of the information technology service provider’s stock after purchasing an additional 34,106 shares during the period. WINTON GROUP Ltd’s holdings in Cognizant Technology Solutions were worth $5,082,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CTSH. Cary Street Partners Financial LLC bought a new stake in Cognizant Technology Solutions during the 2nd quarter worth about $143,000. Federated Hermes Inc. grew its position in shares of Cognizant Technology Solutions by 334.8% during the 2nd quarter. Federated Hermes Inc. now owns 9,453 shares of the information technology service provider’s stock worth $738,000 after buying an additional 7,279 shares during the period. Jump Financial LLC raised its stake in shares of Cognizant Technology Solutions by 231.4% during the second quarter. Jump Financial LLC now owns 29,667 shares of the information technology service provider’s stock worth $2,315,000 after buying an additional 20,716 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in Cognizant Technology Solutions in the second quarter valued at approximately $64,000. Finally, Hendershot Investments Inc. raised its position in shares of Cognizant Technology Solutions by 1.5% during the 2nd quarter. Hendershot Investments Inc. now owns 226,953 shares of the information technology service provider’s stock valued at $17,709,000 after acquiring an additional 3,269 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Up 0.6%

CTSH stock opened at $80.72 on Monday. The business has a 50-day moving average of $71.46 and a 200-day moving average of $73.48. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.15 and a fifty-two week high of $90.82. The stock has a market capitalization of $38.96 billion, a P/E ratio of 18.73, a P/E/G ratio of 1.65 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 2.36.

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 firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.32 billion. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.The business’s revenue was up 7.5% on a year-over-year basis. 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. On average, sell-side analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $1.24 annualized dividend and a yield of 1.5%. Cognizant Technology Solutions’s payout ratio is 28.77%.

Insider Activity at Cognizant Technology Solutions

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

Wall Street Analyst Weigh In

CTSH has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on Cognizant Technology Solutions from $89.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Mizuho set a $85.00 target price on Cognizant Technology Solutions in a research report on Thursday, October 30th. Citigroup assumed coverage on shares of Cognizant Technology Solutions in a research report on Thursday, October 23rd. They issued a “neutral” rating and a $75.00 price target on the stock. William Blair raised shares of Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research note on Friday, November 21st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $84.00 target price on shares of Cognizant Technology Solutions in a research note on Wednesday, October 29th. Seven research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Cognizant Technology Solutions presently has a consensus rating of “Hold” and a consensus target price of $85.19.

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.