Exencial Wealth Advisors LLC Sells 1,596 Shares of Cognizant Technology Solutions Corporation $CTSH

Exencial Wealth Advisors LLC lowered its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,428 shares of the information technology service provider’s stock after selling 1,596 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Cognizant Technology Solutions were worth $1,672,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Denali Advisors LLC lifted its holdings in shares of Cognizant Technology Solutions by 20.9% in the 2nd quarter. Denali Advisors LLC now owns 11,616 shares of the information technology service provider’s stock worth $906,000 after acquiring an additional 2,008 shares during the last quarter. Probity Advisors Inc. lifted its holdings in shares of Cognizant Technology Solutions by 4.9% in the 2nd quarter. Probity Advisors Inc. now owns 5,838 shares of the information technology service provider’s stock worth $456,000 after acquiring an additional 272 shares during the last quarter. Unison Advisors LLC lifted its holdings in shares of Cognizant Technology Solutions by 0.5% in the 2nd quarter. Unison Advisors LLC now owns 29,843 shares of the information technology service provider’s stock worth $2,329,000 after acquiring an additional 135 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of Cognizant Technology Solutions in the 2nd quarter worth about $123,000. Finally, Chicago Partners Investment Group LLC lifted its holdings in shares of Cognizant Technology Solutions by 11.8% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 7,699 shares of the information technology service provider’s stock worth $594,000 after acquiring an additional 815 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CTSH. Wall Street Zen lowered shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Evercore ISI began coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an “outperform” rating and a $100.00 target price for the company. Guggenheim restated a “buy” rating and issued a $85.00 target price (down previously from $90.00) on shares of Cognizant Technology Solutions in a report on Tuesday. Deutsche Bank Aktiengesellschaft started 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 target on the stock. Finally, Wells Fargo & Company started coverage on shares of Cognizant Technology Solutions in a research note on Tuesday. They issued an “overweight” rating and a $82.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Cognizant Technology Solutions currently has an average rating of “Hold” and an average target price of $86.13.

Cognizant Technology Solutions Trading Down 0.6%

NASDAQ CTSH opened at $68.36 on Thursday. 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 company has a market capitalization of $33.39 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 1.43 and a beta of 0.95. The company’s 50-day simple moving average is $69.14 and its two-hundred day simple moving average is $73.62. Cognizant Technology Solutions Corporation has a one year low of $65.15 and a one year high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 11.89% and a return on equity of 16.77%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $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 forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

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