North Dakota State Investment Board Purchases Shares of 16,937 Cognizant Technology Solutions Corporation $CTSH

North Dakota State Investment Board purchased a new stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,937 shares of the information technology service provider’s stock, valued at approximately $1,406,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new stake in Cognizant Technology Solutions during the 4th quarter valued at $28,000. Physician Wealth Advisors Inc. grew its stake in shares of Cognizant Technology Solutions by 165.1% in the 4th quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock worth $28,000 after acquiring an additional 213 shares in the last quarter. Lodestone Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions in the 4th quarter worth $28,000. Towne Trust Company N.A grew its stake in shares of Cognizant Technology Solutions by 85.0% in the 4th quarter. Towne Trust Company N.A now owns 370 shares of the information technology service provider’s stock worth $31,000 after acquiring an additional 170 shares in the last quarter. Finally, JPL Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions in the 3rd quarter worth $25,000. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions News Summary

Here are the key news stories impacting Cognizant Technology Solutions this week:

• Positive Sentiment: Cognizant raised its 2026 share repurchase target by $1 billion to $2 billion and expanded its buyback authorization, a move that typically supports the stock by increasing demand and signaling management confidence. Cognizant Increases 2026 Share Repurchase Target by $1 Billion to $2 Billion
• Positive Sentiment: The company said its AI “Bridge” initiative is emerging as a key growth driver for IT services, reinforcing the view that Cognizant can use AI-led demand to accelerate revenue growth. Cognizant Technology Solutions sees AI ‘Bridge’ as next big IT services growth driver
• Positive Sentiment: Coverage around the buyback expansion and AI push suggests the market is reassessing CTSH’s investment case toward stronger shareholder returns and a better growth profile. Did Cognizant’s Expanded US$15.5 Billion Buyback and AI Push Just Shift CTSH’s Investment Narrative?

Cognizant Technology Solutions Price Performance

Shares of NASDAQ:CTSH opened at $50.88 on Wednesday. The company’s 50-day moving average is $57.72 and its 200 day moving average is $70.24. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market capitalization of $24.11 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 1.08 and a beta of 0.81. Cognizant Technology Solutions Corporation has a fifty-two week low of $45.48 and a fifty-two week high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. The company had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.41 billion. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.23 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. On average, equities research analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Monday, May 18th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, May 18th. Cognizant Technology Solutions’s payout ratio is 28.70%.

Cognizant Technology Solutions declared that its Board of Directors has authorized a share buyback program on Monday, May 18th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the information technology service provider to purchase up to 9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CTSH. UBS Group reduced their target price on shares of Cognizant Technology Solutions from $60.00 to $55.00 in a research note on Monday, May 11th. JPMorgan Chase & Co. reduced their target price on shares of Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating for the company in a research note on Tuesday, April 28th. Citigroup reduced their target price on shares of Cognizant Technology Solutions from $58.00 to $51.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Royal Bank Of Canada upped their target price on shares of Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th. Finally, Wedbush reduced their target price on shares of Cognizant Technology Solutions from $61.00 to $56.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Ten analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $73.00.

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.