Security National Bank of Sioux City Iowa IA Has $1.39 Million Stake in Cognizant Technology Solutions Corporation $CTSH

Security National Bank of Sioux City Iowa IA increased its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 40.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,837 shares of the information technology service provider’s stock after acquiring an additional 10,385 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in Cognizant Technology Solutions were worth $1,388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. ABS Direct Equity Fund LLC bought a new position in shares of Cognizant Technology Solutions in the second quarter worth about $360,000. Sequoia Financial Advisors LLC boosted its position in Cognizant Technology Solutions by 69.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 98,919 shares of the information technology service provider’s stock worth $3,831,000 after buying an additional 40,379 shares during the period. Tidal Investments LLC lifted its holdings in shares of Cognizant Technology Solutions by 20.7% during the second quarter. Tidal Investments LLC now owns 224,697 shares of the information technology service provider’s stock worth $8,703,000 after purchasing an additional 38,577 shares during the period. National Pension Service grew its position in shares of Cognizant Technology Solutions by 17.2% in the 2nd quarter. National Pension Service now owns 1,275,592 shares of the information technology service provider’s stock valued at $49,404,000 after buying an additional 187,187 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in Cognizant Technology Solutions during the 2nd quarter valued at approximately $3,593,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Trading Down 3.2%

Cognizant Technology Solutions stock traded down $2.01 during trading hours on Friday, reaching $59.87. The company had a trading volume of 19,126,200 shares, compared to its average volume of 8,168,164. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.18 and a quick ratio of 2.18. Cognizant Technology Solutions Corporation has a 12-month low of $37.08 and a 12-month high of $87.03. The company has a 50-day moving average price of $56.02 and a 200 day moving average price of $54.82. The firm has a market cap of $26.97 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 1.15 and a beta of 0.83.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.01). The business had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%.The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.31 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. Equities analysts forecast that Cognizant Technology Solutions Corporation will post 5.74 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Tuesday, August 18th. Cognizant Technology Solutions’s dividend payout ratio is currently 28.39%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CTSH. Daiwa Securities Group reduced their price target on shares of Cognizant Technology Solutions from $65.00 to $42.00 and set a “neutral” rating for the company in a report on Wednesday, June 24th. Wells Fargo & Company boosted their target price on Cognizant Technology Solutions from $61.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. HSBC reduced their price target on shares of Cognizant Technology Solutions from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Robert W. Baird set a $68.00 target price on Cognizant Technology Solutions in a research report on Thursday, July 30th. Finally, Citigroup reiterated a “neutral” rating and issued a $60.00 target price (up from $45.00) on shares of Cognizant Technology Solutions in a research note on Thursday, July 30th. Ten research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $63.65.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation is a professional services and information technology company that helps organizations modernize their technology infrastructure, operations and customer experiences. The company provides consulting, systems integration, application development and maintenance, and business process services to clients across industries.

Its offerings include cloud enablement, software engineering, data and analytics, artificial intelligence, cybersecurity, automation and digital workplace solutions.