Temasek Holdings Private Ltd Sells 148,243 Shares of Cognizant Technology Solutions Corporation $CTSH

Temasek Holdings Private Ltd lessened its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 18.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 675,035 shares of the information technology service provider’s stock after selling 148,243 shares during the period. Temasek Holdings Private Ltd’s holdings in Cognizant Technology Solutions were worth $56,028,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new position in Cognizant Technology Solutions in the 4th quarter valued at $28,000. Physician Wealth Advisors Inc. grew its position in Cognizant Technology Solutions by 165.1% in the 4th quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock valued at $28,000 after acquiring an additional 213 shares during the last quarter. Lodestone Wealth Management LLC bought a new position in Cognizant Technology Solutions in the 4th quarter valued at $28,000. Towne Trust Company N.A grew its position in Cognizant Technology Solutions by 85.0% in the 4th quarter. Towne Trust Company N.A now owns 370 shares of the information technology service provider’s stock valued at $31,000 after acquiring an additional 170 shares during the last quarter. Finally, JPL Wealth Management LLC bought a new position in Cognizant Technology Solutions in the 3rd quarter valued at $25,000. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Trading Down 2.6%

Shares of NASDAQ CTSH opened at $50.82 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.23 and a quick ratio of 2.23. The stock has a market capitalization of $24.08 billion, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 1.10 and a beta of 0.81. Cognizant Technology Solutions Corporation has a 1-year low of $45.48 and a 1-year high of $87.03. The business has a fifty day moving average price of $54.55 and a 200 day moving average price of $67.53.

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

Cognizant Technology Solutions announced that its board has approved a share repurchase plan on Monday, May 18th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the information technology service provider to purchase up to 9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th were paid a $0.33 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.6%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.70%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CTSH shares. UBS Group dropped their price target on Cognizant Technology Solutions from $60.00 to $55.00 in a research report on Monday, May 11th. Guggenheim dropped their price target on Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Nomura increased their price target on Cognizant Technology Solutions from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Wedbush raised Cognizant Technology Solutions from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $56.00 to $70.00 in a research report on Monday, June 8th. Finally, The Goldman Sachs Group set a $75.00 price target on Cognizant Technology Solutions in a research report on Wednesday, April 29th. Eleven analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $73.50.

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.