Cognizant Technology Solutions Corporation $CTSH Stake Lessened by Natixis Advisors LLC

Natixis Advisors LLC cut its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 20.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 566,809 shares of the information technology service provider’s stock after selling 148,486 shares during the period. Natixis Advisors LLC’s holdings in Cognizant Technology Solutions were worth $38,016,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Cognizant Technology Solutions by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 60,348,442 shares of the information technology service provider’s stock worth $4,047,570,000 after purchasing an additional 493,912 shares during the last quarter. State Street Corp lifted its position in shares of Cognizant Technology Solutions by 0.6% during the second quarter. State Street Corp now owns 25,381,572 shares of the information technology service provider’s stock worth $1,980,524,000 after purchasing an additional 157,427 shares during the last quarter. Pzena Investment Management LLC grew its stake in Cognizant Technology Solutions by 1.5% in the third quarter. Pzena Investment Management LLC now owns 17,710,868 shares of the information technology service provider’s stock worth $1,187,868,000 after purchasing an additional 260,177 shares in the last quarter. Geode Capital Management LLC grew its stake in Cognizant Technology Solutions by 1.5% in the second quarter. Geode Capital Management LLC now owns 14,019,891 shares of the information technology service provider’s stock worth $1,091,391,000 after purchasing an additional 206,532 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Cognizant Technology Solutions by 7.6% in the third quarter. First Trust Advisors LP now owns 9,085,998 shares of the information technology service provider’s stock valued at $609,398,000 after buying an additional 639,801 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Michael Patsalos-Fox sold 7,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $83.52, for a total transaction of $584,640.00. Following the completion of the transaction, the director owned 47,729 shares of the company’s stock, valued at approximately $3,986,326.08. The trade was a 12.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Ravi Kumar Singisetti sold 2,950 shares of the company’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $85.06, for a total transaction of $250,927.00. Following the transaction, the chief executive officer owned 75,209 shares of the company’s stock, valued at $6,397,277.54. This represents a 3.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 23,809 shares of company stock valued at $2,010,778. 0.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CTSH has been the topic of a number of research analyst reports. Susquehanna reaffirmed a “positive” rating and set a $98.00 target price on shares of Cognizant Technology Solutions in a report on Friday, January 23rd. Citigroup reiterated a “neutral” rating and issued a $86.00 price target (up from $75.00) on shares of Cognizant Technology Solutions in a report on Thursday, January 22nd. Wells Fargo & Company reissued an “overweight” rating and set a $98.00 price target (up from $87.00) on shares of Cognizant Technology Solutions in a research report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Monday, January 26th. Finally, UBS Group reiterated a “neutral” rating and set a $82.00 target price (up from $78.00) on shares of Cognizant Technology Solutions in a research note on Monday, December 8th. Ten investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $90.17.

Cognizant Technology Solutions Stock Performance

Shares of CTSH stock opened at $64.65 on Tuesday. The company has a market cap of $30.92 billion, a P/E ratio of 14.21, a PEG ratio of 1.44 and a beta of 1.00. The business has a 50 day moving average of $75.76 and a two-hundred day moving average of $74.16. Cognizant Technology Solutions Corporation has a 52 week low of $60.03 and a 52 week high of $87.03. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.03. Cognizant Technology Solutions had a return on equity of 17.17% and a net margin of 10.56%.The business had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter last year, the business posted $1.21 EPS. The business’s revenue was up 4.9% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. As a group, analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th were paid a $0.33 dividend. The ex-dividend date was Wednesday, February 18th. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 2.0%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 29.01%.

Cognizant Technology Solutions Profile

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.