Artemis Investment Management LLP Acquires 2,159,704 Shares of Cognizant Technology Solutions Corporation $CTSH

Artemis Investment Management LLP lifted its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 289.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,905,584 shares of the information technology service provider’s stock after purchasing an additional 2,159,704 shares during the quarter. Cognizant Technology Solutions accounts for approximately 1.3% of Artemis Investment Management LLP’s investment portfolio, making the stock its 16th biggest holding. Artemis Investment Management LLP’s holdings in Cognizant Technology Solutions were worth $166,897,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC grew its holdings in shares of Cognizant Technology Solutions by 14.9% in the 1st quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock valued at $1,243,096,000 after acquiring an additional 2,633,683 shares in the last quarter. National Bank of Canada FI grew its stake in Cognizant Technology Solutions by 0.5% in the fourth quarter. National Bank of Canada FI now owns 5,771,093 shares of the information technology service provider’s stock valued at $479,000,000 after purchasing an additional 30,811 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Cognizant Technology Solutions by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,404,918 shares of the information technology service provider’s stock worth $392,947,000 after purchasing an additional 222,819 shares in the last quarter. Amundi boosted its holdings in shares of Cognizant Technology Solutions by 9.2% in the 1st quarter. Amundi now owns 6,177,881 shares of the information technology service provider’s stock valued at $379,013,000 after buying an additional 520,532 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Cognizant Technology Solutions by 4.4% during the fourth quarter. Franklin Resources Inc. now owns 3,440,056 shares of the information technology service provider’s stock worth $285,525,000 after buying an additional 143,553 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Cognizant Technology Solutions Trading Up 1.4%

NASDAQ:CTSH traded up $0.77 during mid-day trading on Thursday, hitting $57.84. 4,546,470 shares of the company’s stock were exchanged, compared to its average volume of 8,038,228. Cognizant Technology Solutions Corporation has a fifty-two week low of $37.08 and a fifty-two week high of $87.03. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $26.05 billion, a P/E ratio of 12.44, a PEG ratio of 1.07 and a beta of 0.86. The company has a 50 day simple moving average of $59.60 and a 200-day simple moving average of $54.35.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.01). Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The business had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the business posted $1.31 EPS. Cognizant Technology Solutions’s revenue was up 4.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. As a group, research analysts expect that Cognizant Technology Solutions Corporation will post 5.74 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, August 18th. Cognizant Technology Solutions’s dividend payout ratio is currently 28.39%.

Analyst Ratings Changes

Several research analysts have recently weighed in on CTSH shares. Susquehanna set a $82.00 price objective on shares of Cognizant Technology Solutions and gave the stock a “positive” rating in a research note on Thursday, July 30th. TD Cowen reiterated a “hold” rating and set a $54.00 price objective on shares of Cognizant Technology Solutions in a research note on Friday, September 18th. Royal Bank Of Canada set a $55.00 target price on shares of Cognizant Technology Solutions in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $70.00 price target (up from $65.00) on shares of Cognizant Technology Solutions in a report on Friday, September 18th. Finally, Wells Fargo & Company lifted their price objective on shares of Cognizant Technology Solutions from $61.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Ten research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $64.43.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation (NASDAQ: CTSH) is a global professional services and information technology company that helps businesses modernize their operations and technology infrastructure. Its services include IT consulting, systems integration, application development and modernization, cloud computing, data and analytics, artificial intelligence, cybersecurity, and digital engineering.

The company also provides business process services and industry-specific solutions for sectors such as financial services, healthcare, life sciences, manufacturing, retail, communications, and information technology.