Aware Super Pty Ltd as trustee of Aware Super Takes $29.51 Million Position in Cognizant Technology Solutions Corporation $CTSH

Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 481,008 shares of the information technology service provider’s stock, valued at approximately $29,510,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CTSH. Quartz Partners LLC purchased a new stake in Cognizant Technology Solutions during the 1st quarter worth about $338,000. Checchi Capital Advisers LLC grew its position in shares of Cognizant Technology Solutions by 25.4% during the first quarter. Checchi Capital Advisers LLC now owns 4,829 shares of the information technology service provider’s stock worth $296,000 after buying an additional 977 shares in the last quarter. Hillsdale Investment Management Inc. increased its stake in shares of Cognizant Technology Solutions by 17.0% during the first quarter. Hillsdale Investment Management Inc. now owns 14,430 shares of the information technology service provider’s stock worth $885,000 after buying an additional 2,100 shares during the period. Legacy Capital Group California Inc. purchased a new stake in shares of Cognizant Technology Solutions during the first quarter worth approximately $864,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Cognizant Technology Solutions by 17.8% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 18,171 shares of the information technology service provider’s stock valued at $1,115,000 after acquiring an additional 2,741 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CTSH. Robert W. Baird decreased their price target on shares of Cognizant Technology Solutions from $72.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, July 10th. Susquehanna reduced their price objective on shares of Cognizant Technology Solutions from $98.00 to $88.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Daiwa Securities Group decreased their price objective on shares of Cognizant Technology Solutions from $65.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, June 24th. Truist Financial started coverage on shares of Cognizant Technology Solutions in a research note on Monday, June 1st. They set a “hold” rating and a $66.00 target price for the company. Finally, Jefferies Financial Group dropped their target price on Cognizant Technology Solutions from $80.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Ten investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $64.26.

Cognizant Technology Solutions Trading Up 3.2%

Shares of Cognizant Technology Solutions stock opened at $44.56 on Friday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04. The company has a fifty day simple moving average of $47.60 and a 200-day simple moving average of $61.16. The stock has a market cap of $21.12 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 0.94 and a beta of 0.87. Cognizant Technology Solutions Corporation has a 12-month low of $37.08 and a 12-month high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, beating 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 firm had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.41 billion. During the same period in the previous year, the company earned $1.23 earnings per share. Cognizant Technology Solutions’s quarterly 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. On average, equities analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

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

Cognizant Technology Solutions declared that its Board of Directors has initiated a share repurchase program on Monday, May 18th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the information technology service provider to purchase up to 9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is 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.