Vest Financial LLC Buys 13,861 Shares of Cognizant Technology Solutions Corporation $CTSH

Vest Financial LLC grew its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 2.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 517,299 shares of the information technology service provider’s stock after purchasing an additional 13,861 shares during the quarter. Vest Financial LLC’s holdings in Cognizant Technology Solutions were worth $40,365,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CTSH. Brighton Jones LLC bought a new position in shares of Cognizant Technology Solutions during the fourth quarter valued at $214,000. Farther Finance Advisors LLC increased its position in Cognizant Technology Solutions by 14.0% in the first quarter. Farther Finance Advisors LLC now owns 4,814 shares of the information technology service provider’s stock worth $368,000 after buying an additional 591 shares in the last quarter. GAMMA Investing LLC increased its position in Cognizant Technology Solutions by 19.9% in the first quarter. GAMMA Investing LLC now owns 12,059 shares of the information technology service provider’s stock worth $923,000 after buying an additional 2,002 shares in the last quarter. Simon Quick Advisors LLC purchased a new stake in Cognizant Technology Solutions in the first quarter worth about $225,000. Finally, Fifth Third Bancorp grew its position in shares of Cognizant Technology Solutions by 5.9% during the first quarter. Fifth Third Bancorp now owns 16,921 shares of the information technology service provider’s stock worth $1,294,000 after purchasing an additional 936 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CTSH. Weiss Ratings restated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a report on Wednesday, October 8th. Guggenheim raised shares of Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Friday, July 18th. Wall Street Zen lowered Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They set a “hold” rating and a $80.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their target price on 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. Five investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, Cognizant Technology Solutions currently has a consensus rating of “Hold” and a consensus price target of $86.79.

Cognizant Technology Solutions Stock Down 4.1%

Cognizant Technology Solutions stock opened at $65.80 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.41. The business’s 50-day simple moving average is $69.60 and its two-hundred day simple moving average is $74.03. The company has a market cap of $32.14 billion, a PE ratio of 13.37, a PEG ratio of 1.37 and a beta of 0.95. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.17 and a fifty-two week high of $90.82.

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

Cognizant Technology Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 18th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, August 18th. 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.