Cognizant Technology Solutions Corporation $CTSH Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. lessened its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,584 shares of the information technology service provider’s stock after selling 308 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Cognizant Technology Solutions were worth $1,138,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CTSH. Brighton Jones LLC acquired a new position in shares of Cognizant Technology Solutions during the fourth quarter worth about $214,000. Farther Finance Advisors LLC lifted its stake in shares of Cognizant Technology Solutions by 14.0% during the first quarter. Farther Finance Advisors LLC now owns 4,814 shares of the information technology service provider’s stock worth $368,000 after purchasing an additional 591 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Cognizant Technology Solutions by 19.9% during the first quarter. GAMMA Investing LLC now owns 12,059 shares of the information technology service provider’s stock worth $923,000 after purchasing an additional 2,002 shares in the last quarter. Ritholtz Wealth Management lifted its stake in shares of Cognizant Technology Solutions by 21.0% during the first quarter. Ritholtz Wealth Management now owns 10,531 shares of the information technology service provider’s stock worth $806,000 after purchasing an additional 1,827 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Cognizant Technology Solutions by 40.7% during the first quarter. Janney Montgomery Scott LLC now owns 28,047 shares of the information technology service provider’s stock worth $2,146,000 after purchasing an additional 8,116 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CTSH. Wall Street Zen cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They set a “hold” rating and a $80.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research report on Wednesday, October 8th. Guggenheim raised Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. dropped their target price on Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $86.79.

Cognizant Technology Solutions Stock Up 1.4%

Shares of Cognizant Technology Solutions stock opened at $67.27 on Wednesday. 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 $32.85 billion, a P/E ratio of 13.67, a P/E/G ratio of 1.38 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. The business has a 50-day moving average price of $69.45 and a 200 day moving average price of $73.92.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data 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 firm 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%.Cognizant Technology Solutions’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous 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. On average, sell-side analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 18th were issued 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 dividend yield of 1.8%. Cognizant Technology Solutions’s dividend payout ratio is 25.20%.

About Cognizant Technology Solutions

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.