Cognizant Technology Solutions Corporation $CTSH Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 8.3% in the fourth quarter, HoldingsChannel reports. The firm owned 162,554 shares of the information technology service provider’s stock after buying an additional 12,423 shares during the quarter. Handelsbanken Fonder AB’s holdings in Cognizant Technology Solutions were worth $13,492,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CTSH. JPL Wealth Management LLC acquired a new position in shares of Cognizant Technology Solutions in the third quarter valued at approximately $25,000. Lodestone Wealth Management LLC acquired a new position in shares of Cognizant Technology Solutions in the fourth quarter valued at approximately $28,000. Flagship Harbor Advisors LLC acquired a new position in shares of Cognizant Technology Solutions in the fourth quarter valued at approximately $28,000. Physician Wealth Advisors Inc. grew its holdings in shares of Cognizant Technology Solutions by 165.1% in the fourth quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock valued at $28,000 after purchasing an additional 213 shares in the last quarter. Finally, High Note Wealth LLC grew its holdings in shares of Cognizant Technology Solutions by 22,450.0% in the third quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock valued at $30,000 after purchasing an additional 449 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CTSH. Susquehanna dropped their price objective on shares of Cognizant Technology Solutions from $98.00 to $88.00 and set a “positive” rating for the company in a report on Friday, May 1st. Robert W. Baird set a $72.00 price target on shares of Cognizant Technology Solutions and gave the stock a “neutral” rating in a report on Friday, April 10th. Wedbush lowered their price target on shares of Cognizant Technology Solutions from $61.00 to $56.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. HSBC lowered their price target on shares of Cognizant Technology Solutions from $98.00 to $80.00 in a report on Thursday, April 30th. Finally, Dbs Bank lowered their price target on shares of Cognizant Technology Solutions from $80.00 to $66.00 in a report on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Cognizant Technology Solutions currently has a consensus rating of “Hold” and a consensus price target of $73.00.

Cognizant Technology Solutions Trading Up 2.0%

NASDAQ CTSH opened at $52.32 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 52 week low of $45.48 and a 52 week high of $87.03. The stock has a market capitalization of $24.79 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 1.08 and a beta of 0.81. The firm has a 50 day moving average of $57.24 and a two-hundred day moving average of $69.95.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.07. The business had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.41 billion. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, research analysts expect that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, May 18th. Cognizant Technology Solutions’s payout ratio is currently 28.70%.

Cognizant Technology Solutions announced that its Board of Directors has authorized a stock repurchase program on Monday, May 18th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the information technology service provider to buy up to 9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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.