Mirae Asset Global Investments Co. Ltd. Purchases 11,037 Shares of Cognizant Technology Solutions Corporation $CTSH

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 6.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,287 shares of the information technology service provider’s stock after purchasing an additional 11,037 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Cognizant Technology Solutions were worth $13,600,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CTSH. Brighton Jones LLC bought a new stake in shares of Cognizant Technology Solutions during the 4th quarter valued at $214,000. Merit Financial Group LLC grew its stake in Cognizant Technology Solutions by 36.5% during the first quarter. Merit Financial Group LLC now owns 7,078 shares of the information technology service provider’s stock valued at $541,000 after acquiring an additional 1,892 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in Cognizant Technology Solutions by 8.4% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 3,781 shares of the information technology service provider’s stock valued at $289,000 after acquiring an additional 292 shares in the last quarter. UMB Bank n.a. grew its stake in Cognizant Technology Solutions by 36.6% during the first quarter. UMB Bank n.a. now owns 2,051 shares of the information technology service provider’s stock valued at $157,000 after acquiring an additional 549 shares in the last quarter. Finally, Wedmont Private Capital grew its stake in Cognizant Technology Solutions by 8.9% during the first quarter. Wedmont Private Capital now owns 5,831 shares of the information technology service provider’s stock valued at $409,000 after acquiring an additional 476 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Trading Up 1.0%

Shares of CTSH opened at $67.66 on Friday. Cognizant Technology Solutions Corporation has a 1-year low of $65.17 and a 1-year high of $90.82. The company has a 50-day moving average of $70.16 and a 200 day moving average of $74.40. The firm has a market capitalization of $33.05 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 1.41 and a beta of 0.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.26 by $0.05. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The business had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.17 billion. During the same quarter in the previous year, the business posted $1.17 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. On average, research analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 18th were issued a $0.31 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. Cognizant Technology Solutions’s payout ratio is currently 25.20%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CTSH shares. JPMorgan Chase & Co. cut their target price on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Guggenheim raised shares of Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued a “hold” rating and a $80.00 price objective for the company. Wall Street Zen cut shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Evercore ISI assumed coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued an “outperform” rating and a $100.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $86.79.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.