Cognizant Technology Solutions Corporation $CTSH Position Reduced by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division decreased its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 8.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,425 shares of the information technology service provider’s stock after selling 500 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Cognizant Technology Solutions were worth $423,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CTSH. Park Square Financial Group LLC bought a new stake in shares of Cognizant Technology Solutions during the 4th quarter worth about $36,000. Geneos Wealth Management Inc. raised its holdings in shares of Cognizant Technology Solutions by 118.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock worth $44,000 after buying an additional 309 shares in the last quarter. Pinney & Scofield Inc. bought a new stake in Cognizant Technology Solutions during the 4th quarter worth approximately $55,000. WPG Advisers LLC bought a new position in Cognizant Technology Solutions in the 1st quarter valued at $61,000. Finally, Zions Bancorporation National Association UT bought a new position in Cognizant Technology Solutions in the 1st quarter valued at $66,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

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

Cognizant Technology Solutions Trading Down 2.0%

Shares of CTSH stock opened at $69.17 on Friday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.04. The firm has a market cap of $33.78 billion, a P/E ratio of 14.06, a PEG ratio of 1.47 and a beta of 0.93. The company has a 50 day moving average of $72.83 and a 200-day moving average of $75.86. Cognizant Technology Solutions Corporation has a 12-month low of $65.52 and a 12-month high of $90.82.

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

Cognizant Technology Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were given a $0.31 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.24 annualized dividend and a yield of 1.8%. Cognizant Technology Solutions’s payout ratio is 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.