Nomura Asset Management Co. Ltd. Has $18.25 Million Stock Position in Cognizant Technology Solutions Corporation $CTSH

Nomura Asset Management Co. Ltd. grew its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 233,916 shares of the information technology service provider’s stock after purchasing an additional 6,849 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Cognizant Technology Solutions were worth $18,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hilltop National Bank acquired a new position in Cognizant Technology Solutions during the second quarter worth $27,000. NewSquare Capital LLC grew its holdings in shares of Cognizant Technology Solutions by 71.8% in 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. increased its position in shares of Cognizant Technology Solutions by 118.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock worth $44,000 after purchasing an additional 309 shares in the last quarter. WPG Advisers LLC bought a new position in Cognizant Technology Solutions during the 1st quarter valued at about $61,000. Finally, Zions Bancorporation National Association UT bought a new stake in Cognizant Technology Solutions during the first quarter worth about $66,000. Institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

CTSH has been the topic of several recent analyst reports. Guggenheim reissued a “buy” rating and issued a $85.00 target price (down from $90.00) on shares of Cognizant Technology Solutions in a report on Tuesday, October 21st. UBS Group set a $78.00 price objective on Cognizant Technology Solutions and gave the stock a “neutral” rating in a research note on Thursday, October 30th. The Goldman Sachs Group restated a “neutral” rating and set a $84.00 target price on shares of Cognizant Technology Solutions in a report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cognizant Technology Solutions in a research report on Thursday, October 30th. Finally, Wells Fargo & Company increased their price target on shares of Cognizant Technology Solutions from $82.00 to $87.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Six equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $85.19.

Cognizant Technology Solutions Price Performance

Cognizant Technology Solutions stock opened at $71.75 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $34.63 billion, a P/E ratio of 16.65, a PEG ratio of 1.47 and a beta of 0.98. The business has a 50-day moving average of $69.31 and a 200-day moving average of $73.78. Cognizant Technology Solutions Corporation has a 1 year low of $65.15 and a 1 year high of $90.82.

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 analysts’ consensus estimates 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 business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same period last year, the company posted $1.25 EPS. Cognizant Technology Solutions’s revenue for the quarter was up 7.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. On average, equities analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently disclosed 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. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, November 18th. Cognizant Technology Solutions’s payout ratio is 28.77%.

Insider Buying and Selling at Cognizant Technology Solutions

In other news, CAO John Sunshin Kim sold 2,500 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer owned 36,630 shares of the company’s stock, valued at $2,753,843.40. This represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.32% of the stock is owned by company insiders.

About Cognizant Technology Solutions

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.