Cognizant Technology Solutions Corporation $CTSH Shares Purchased by Stance Capital LLC

Stance Capital LLC raised its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 2,316.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,673 shares of the information technology service provider’s stock after buying an additional 15,983 shares during the period. Stance Capital LLC’s holdings in Cognizant Technology Solutions were worth $1,384,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Evolve Private Wealth LLC acquired a new position in shares of Cognizant Technology Solutions in the fourth quarter worth about $2,642,000. Temasek Holdings Private Ltd purchased a new position in shares of Cognizant Technology Solutions in the third quarter worth approximately $55,217,000. OFI Invest Asset Management acquired a new stake in shares of Cognizant Technology Solutions during the fourth quarter valued at approximately $8,421,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Cognizant Technology Solutions by 34.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,874,274 shares of the information technology service provider’s stock valued at $238,565,000 after acquiring an additional 734,337 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Cognizant Technology Solutions by 7.6% in the 3rd 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 acquiring an additional 639,801 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Jefferies Financial Group lowered their price objective on shares of Cognizant Technology Solutions from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Weiss Ratings lowered Cognizant Technology Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Nomura raised their target price 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. Dbs Bank lowered their price target on Cognizant Technology Solutions from $80.00 to $66.00 in a report on Thursday, May 7th. Finally, Mizuho dropped their price target on Cognizant Technology Solutions from $87.00 to $68.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, Cognizant Technology Solutions presently has an average rating of “Hold” and an average target price of $72.50.

Cognizant Technology Solutions Stock Performance

CTSH stock opened at $43.70 on Friday. The firm has a 50 day simple moving average of $53.35 and a 200 day simple moving average of $66.75. Cognizant Technology Solutions Corporation has a 52 week low of $43.40 and a 52 week high of $87.03. The stock 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. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 2.23.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same quarter in the prior year, the business earned $1.23 EPS. The company’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. Research analysts anticipate that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th were paid a $0.33 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.0%. Cognizant Technology Solutions’s dividend payout ratio is 28.70%.

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

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.