Osaic Holdings Inc. Raises Holdings in Cognizant Technology Solutions Corporation $CTSH

Osaic Holdings Inc. lifted its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 162.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,297 shares of the information technology service provider’s stock after buying an additional 41,661 shares during the quarter. Osaic Holdings Inc.’s holdings in Cognizant Technology Solutions were worth $5,191,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hilltop National Bank acquired a new position in Cognizant Technology Solutions during the second quarter worth about $27,000. 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. Geneos Wealth Management Inc. boosted its stake in shares of 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 in the last quarter. WPG Advisers LLC acquired a new stake in shares of Cognizant Technology Solutions in the 1st quarter worth approximately $61,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in Cognizant Technology Solutions in the 2nd quarter valued at approximately $64,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CTSH. Wells Fargo & Company raised their target price on shares of Cognizant Technology Solutions from $82.00 to $87.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. UBS Group restated a “neutral” rating and set a $82.00 price objective (up from $78.00) on shares of Cognizant Technology Solutions in a research report on Monday, December 8th. Citigroup started coverage on Cognizant Technology Solutions in a report on Thursday, October 23rd. They set a “neutral” rating and a $75.00 target price on the stock. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $84.00 price target on shares of Cognizant Technology Solutions in a research report on Wednesday, October 29th. Seven equities 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.com, the stock presently has an average rating of “Hold” and an average target price of $85.44.

Insider Transactions at Cognizant Technology Solutions

In related news, CAO John Sunshin Kim sold 2,500 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $80.00, for a total value of $200,000.00. Following the completion of the sale, the chief accounting officer directly owned 36,149 shares in the company, valued at approximately $2,891,920. This represents a 6.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ravi Kumar Singisetti sold 2,950 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $85.06, for a total value of $250,927.00. Following the transaction, the chief executive officer owned 75,209 shares in the company, valued at approximately $6,397,277.54. This represents a 3.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,206 shares of company stock valued at $1,484,611 over the last 90 days. Corporate insiders own 0.32% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of Cognizant Technology Solutions stock opened at $85.18 on Wednesday. The business’s fifty day moving average price is $75.38 and its 200 day moving average price is $73.79. 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 2.36 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $41.11 billion, a P/E ratio of 19.76, a PEG ratio of 1.74 and a beta of 0.97.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, October 29th. The information technology service provider reported $1.39 EPS for the quarter, topping 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 company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same period last year, the business posted $1.25 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. As a group, research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

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

About Cognizant Technology Solutions

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.