Cognizant Technology Solutions Corporation $CTSH Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd lessened its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 9.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 131,499 shares of the information technology service provider’s stock after selling 13,966 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Cognizant Technology Solutions were worth $8,067,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CTSH. Checchi Capital Advisers LLC increased its stake in shares of Cognizant Technology Solutions by 3.4% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,852 shares of the information technology service provider’s stock worth $320,000 after acquiring an additional 127 shares during the period. Unison Advisors LLC lifted its position in Cognizant Technology Solutions by 0.5% during the fourth quarter. Unison Advisors LLC now owns 30,095 shares of the information technology service provider’s stock valued at $2,498,000 after purchasing an additional 138 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in Cognizant Technology Solutions by 7.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,130 shares of the information technology service provider’s stock valued at $177,000 after purchasing an additional 143 shares during the last quarter. Security National Bank of SO Dak boosted its holdings in Cognizant Technology Solutions by 0.6% in the second quarter. Security National Bank of SO Dak now owns 24,635 shares of the information technology service provider’s stock valued at $1,922,000 after purchasing an additional 150 shares during the last quarter. Finally, Cidel Asset Management Inc. grew its position in Cognizant Technology Solutions by 3.0% during the 4th quarter. Cidel Asset Management Inc. now owns 5,535 shares of the information technology service provider’s stock worth $459,000 after purchasing an additional 163 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CTSH has been the subject of several analyst reports. Royal Bank Of Canada set a $55.00 price objective on Cognizant Technology Solutions in a report on Friday. Berenberg Bank set a $59.00 price target on Cognizant Technology Solutions and gave the company a “hold” rating in a research report on Wednesday, June 17th. Robert W. Baird lowered their price objective on Cognizant Technology Solutions from $72.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, July 10th. Morgan Stanley set a $44.00 target price on shares of Cognizant Technology Solutions and gave the company an “equal weight” rating in a report on Tuesday, June 23rd. Finally, The Goldman Sachs Group set a $75.00 target price on shares of Cognizant Technology Solutions in a research note on Wednesday, April 29th. Ten analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Cognizant Technology Solutions currently has an average rating of “Hold” and a consensus price target of $62.00.

More Cognizant Technology Solutions News

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

• Positive Sentiment: Cognizant announced a strategic partnership with Gulf Edge to accelerate enterprise AI adoption in Southeast Asia, including Thailand. The deal highlights CTSH’s push into higher-growth AI services and could support longer-term revenue opportunities. Article Title
• Positive Sentiment: Investors appear to be buying ahead of Cognizant’s second-quarter earnings report on July 29, leaning on the company’s first-quarter momentum, which included revenue growth, strong bookings, and improved margin guidance. Article Title
• Positive Sentiment: Wall Street still broadly remains constructive: JPMorgan cut its price target to $55 from $74, but kept an overweight rating, while other recent analyst calls have been positive. That suggests expectations may be reset rather than deteriorating. Article Title
• Neutral Sentiment: Short-interest data did not show a meaningful change, so there is little evidence that the latest move is being driven by a short squeeze or bearish positioning.
• Negative Sentiment: The JPMorgan target cut reflects lower near-term upside expectations, and the stock remains well below its prior highs, which may temper enthusiasm if upcoming earnings disappoint.
• Negative Sentiment: Recent insider selling and mixed institutional ownership trends could be a modest headwind for sentiment, even though these factors do not appear to be the main driver today.

Cognizant Technology Solutions Stock Performance

Shares of CTSH stock opened at $45.45 on Friday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 12-month low of $37.08 and a 12-month high of $87.03. The business’s 50 day moving average is $47.14 and its two-hundred day moving average is $59.67. The company has a market capitalization of $21.54 billion, a P/E ratio of 9.88, a P/E/G ratio of 0.94 and a beta of 0.87.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.41 billion. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The business’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.23 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. Analysts expect that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, May 18th. Cognizant Technology Solutions’s payout ratio is presently 28.70%.

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

Cognizant Technology Solutions Profile

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.