Nykredit A S Acquires New Holdings in Cognizant Technology Solutions Corporation $CTSH

Nykredit A S bought a new position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 104,848 shares of the information technology service provider’s stock, valued at approximately $4,061,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of Cognizant Technology Solutions during the 4th quarter worth $214,000. Geneos Wealth Management Inc. lifted its position in 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 acquiring an additional 309 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Cognizant Technology Solutions during the first quarter valued at about $142,000. Cresset Asset Management LLC boosted its holdings in Cognizant Technology Solutions by 11.4% during the second quarter. Cresset Asset Management LLC now owns 9,160 shares of the information technology service provider’s stock valued at $715,000 after acquiring an additional 935 shares during the period. Finally, Jump Financial LLC grew its position in shares of Cognizant Technology Solutions by 231.4% in the second quarter. Jump Financial LLC now owns 29,667 shares of the information technology service provider’s stock valued at $2,315,000 after purchasing an additional 20,716 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Performance

Shares of CTSH opened at $62.31 on Monday. Cognizant Technology Solutions Corporation has a 12-month low of $37.08 and a 12-month high of $87.03. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $28.07 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 1.16 and a beta of 0.83. The stock’s 50-day moving average price is $52.50 and its 200 day moving average price is $55.00.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, July 29th. The information technology service provider reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%.The firm had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the prior year, the business posted $1.31 EPS. Cognizant Technology Solutions’s revenue was up 4.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. As a group, research analysts predict that Cognizant Technology Solutions Corporation will post 5.71 earnings per share for the current year.

Cognizant Technology Solutions announced that its Board of Directors has authorized a stock repurchase plan on Monday, May 18th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the information technology service provider to repurchase up to 9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 18th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, August 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.1%. Cognizant Technology Solutions’s payout ratio is currently 28.39%.

Analysts Set New Price Targets

Several research firms recently weighed in on CTSH. Mizuho set a $64.00 price objective on Cognizant Technology Solutions in a research report on Thursday, August 6th. JPMorgan Chase & Co. dropped their price target on Cognizant Technology Solutions from $74.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Daiwa Securities Group cut their price target on Cognizant Technology Solutions from $65.00 to $42.00 and set a “neutral” rating for the company in a report on Wednesday, June 24th. Morgan Stanley reissued a “negative” rating and issued a $51.00 price objective (up from $44.00) on shares of Cognizant Technology Solutions in a research report on Thursday, July 30th. Finally, Susquehanna set a $82.00 price objective on shares of Cognizant Technology Solutions and gave the stock a “positive” rating in a research note on Thursday, July 30th. Ten analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $63.00.

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.