First Hawaiian Bank Decreases Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

First Hawaiian Bank trimmed its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 4.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,750 shares of the information technology service provider’s stock after selling 1,508 shares during the quarter. First Hawaiian Bank’s holdings in Cognizant Technology Solutions were worth $2,505,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Connecticut Wealth Management LLC grew its holdings in Cognizant Technology Solutions by 0.8% during the fourth quarter. Connecticut Wealth Management LLC now owns 17,650 shares of the information technology service provider’s stock valued at $1,357,000 after purchasing an additional 138 shares during the period. Conning Inc. grew its holdings in Cognizant Technology Solutions by 4.4% during the first quarter. Conning Inc. now owns 3,547 shares of the information technology service provider’s stock valued at $271,000 after purchasing an additional 149 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Cognizant Technology Solutions by 1.7% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,733 shares of the information technology service provider’s stock valued at $668,000 after purchasing an additional 149 shares during the period. Private Trust Co. NA grew its holdings in Cognizant Technology Solutions by 8.6% during the first quarter. Private Trust Co. NA now owns 1,913 shares of the information technology service provider’s stock valued at $146,000 after purchasing an additional 151 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in Cognizant Technology Solutions by 4.0% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 3,969 shares of the information technology service provider’s stock valued at $304,000 after purchasing an additional 154 shares during the period. 92.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CTSH. JPMorgan Chase & Co. reduced their price objective on Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Evercore ISI started coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They set an “outperform” rating and a $100.00 price objective for the company. Guggenheim raised Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 price target for the company in a report on Friday, July 18th. Wall Street Zen lowered Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a “hold” rating and a $80.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $86.79.

Cognizant Technology Solutions Price Performance

Cognizant Technology Solutions stock opened at $69.17 on Friday. The firm has a market capitalization of $33.78 billion, a P/E ratio of 14.06, a PEG ratio of 1.47 and a beta of 0.93. Cognizant Technology Solutions Corporation has a one year low of $65.52 and a one year high of $90.82. The business has a fifty day moving average price of $72.83 and a 200-day moving average price of $75.92. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.05. The company had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.17 billion. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $1.17 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.24 annualized dividend and a yield of 1.8%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 25.20%.

Cognizant Technology Solutions Profile

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.