Cognizant Technology Solutions Corporation $CTSH Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 6.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 981,314 shares of the information technology service provider’s stock after acquiring an additional 62,603 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.20% of Cognizant Technology Solutions worth $76,572,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hilltop National Bank purchased a new position in Cognizant Technology Solutions during the second quarter valued at $27,000. NewSquare Capital LLC raised its position in shares of Cognizant Technology Solutions by 71.8% during the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock worth $29,000 after purchasing an additional 153 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Cognizant Technology Solutions by 118.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock valued at $44,000 after buying an additional 309 shares in the last quarter. WPG Advisers LLC purchased a new position in Cognizant Technology Solutions in the 1st quarter valued at about $61,000. Finally, Zions Bancorporation National Association UT acquired a new stake in Cognizant Technology Solutions in the 1st quarter worth about $66,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Up 0.5%

Shares of NASDAQ:CTSH opened at $73.20 on Monday. Cognizant Technology Solutions Corporation has a 52-week low of $65.15 and a 52-week high of $90.82. The stock has a market cap of $35.75 billion, a P/E ratio of 16.98, a PEG ratio of 1.47 and a beta of 0.98. The business has a fifty day moving average of $69.14 and a two-hundred day moving average of $73.83. The company has a quick ratio of 2.41, a current ratio of 2.36 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.09. Cognizant Technology Solutions had a net margin of 10.20% and a return on equity of 17.00%. The firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the previous year, the company posted $1.25 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. On average, research analysts expect that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 18th will be issued a dividend of $0.31 per share. The ex-dividend date is Tuesday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.77%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CTSH. Citigroup started coverage on Cognizant Technology Solutions in a research report on Thursday, October 23rd. They issued a “neutral” rating and a $75.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Cognizant Technology Solutions in a research note on Thursday, October 30th. Wells Fargo & Company lifted their target price on shares of Cognizant Technology Solutions from $82.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Guggenheim reaffirmed a “buy” rating and set a $85.00 target price (down previously from $90.00) on shares of Cognizant Technology Solutions in a report on Tuesday, October 21st. Finally, Wall Street Zen downgraded shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Six analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, Cognizant Technology Solutions has a consensus rating of “Hold” and an average target price of $85.19.

Insider Activity at Cognizant Technology Solutions

In other news, CAO John Sunshin Kim sold 2,500 shares of Cognizant Technology Solutions stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $75.18, for a total transaction of $187,950.00. Following the sale, the chief accounting officer owned 36,630 shares of the company’s stock, valued at approximately $2,753,843.40. The trade was a 6.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.32% of the company’s stock.

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.