24,500 Shares in Cognizant Technology Solutions Corporation $CTSH Bought by Polianta Ltd

Polianta Ltd bought a new stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 24,500 shares of the information technology service provider’s stock, valued at approximately $1,503,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CTSH. Flagship Harbor Advisors LLC purchased a new stake in shares of Cognizant Technology Solutions during the fourth quarter worth about $28,000. Physician Wealth Advisors Inc. increased its holdings in shares of Cognizant Technology Solutions by 165.1% during the fourth 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 in the last quarter. Lodestone Wealth Management LLC purchased a new position in shares of Cognizant Technology Solutions in the 4th quarter valued at approximately $28,000. Prosperity Bancshares Inc purchased a new position in shares of Cognizant Technology Solutions in the 4th quarter valued at approximately $29,000. Finally, Towne Trust Company N.A boosted its stake 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 worth $31,000 after purchasing an additional 170 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH opened at $43.70 on Friday. Cognizant Technology Solutions Corporation has a 52 week low of $43.40 and a 52 week high of $87.03. The business’s 50 day moving average price is $53.35 and its 200 day moving average price is $66.75. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.04. The firm has a market cap of $20.71 billion, a P/E ratio of 9.50, a P/E/G ratio of 0.92 and a beta of 0.81.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The company had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.41 billion. During the same period last year, the firm posted $1.23 EPS. Cognizant Technology Solutions’s revenue for the quarter 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. On average, sell-side analysts expect that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current year.

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

Cognizant Technology Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.70%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Susquehanna dropped their target price on shares of Cognizant Technology Solutions from $98.00 to $88.00 and set a “positive” rating on the stock in a research report on Friday, May 1st. Guggenheim lowered their price objective on shares of Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Berenberg Bank set a $59.00 price objective on shares of Cognizant Technology Solutions and gave the company a “hold” rating in a report on Wednesday. Weiss Ratings downgraded Cognizant Technology Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Finally, Wedbush upgraded Cognizant Technology Solutions from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $56.00 to $70.00 in a research note on Monday, June 8th. Ten analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, Cognizant Technology Solutions has an average rating of “Hold” and an average target price of $72.50.

Cognizant Technology Solutions Company 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.