Creative Financial Designs Inc. ADV Has $368,000 Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Creative Financial Designs Inc. ADV cut its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 80.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,720 shares of the information technology service provider’s stock after selling 19,913 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Cognizant Technology Solutions were worth $368,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CTSH. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Cognizant Technology Solutions during the 2nd quarter worth approximately $74,917,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Cognizant Technology Solutions by 6.8% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,287 shares of the information technology service provider’s stock valued at $13,600,000 after acquiring an additional 11,037 shares in the last quarter. LBP AM SA bought a new stake in shares of Cognizant Technology Solutions in the 2nd quarter valued at $8,541,000. Leo Wealth LLC bought a new stake in shares of Cognizant Technology Solutions in the 2nd quarter valued at $912,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of Cognizant Technology Solutions by 1.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 500,039 shares of the information technology service provider’s stock valued at $38,253,000 after acquiring an additional 7,105 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Cognizant Technology Solutions Stock Performance

Shares of CTSH stock opened at $72.88 on Monday. The firm has a market capitalization of $35.59 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 1.47 and a beta of 0.95. The firm has a fifty day simple moving average of $69.02 and a two-hundred day simple moving average of $73.70. The company has a current ratio of 2.36, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 12 month low of $65.15 and a 12 month high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.09. The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.32 billion. Cognizant Technology Solutions had a net margin of 10.20% and a return on equity of 17.00%. Cognizant Technology Solutions’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.25 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. Analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, November 18th. Cognizant Technology Solutions’s payout ratio is currently 28.77%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Cognizant Technology Solutions in a research note on Thursday. Guggenheim reiterated a “buy” rating and issued a $85.00 price objective (down previously from $90.00) on shares of Cognizant Technology Solutions in a research note on Tuesday, October 21st. JPMorgan Chase & Co. lifted their price objective on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday. 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 objective for the company. Finally, Evercore ISI started coverage on shares of Cognizant Technology Solutions in a research note on Thursday, July 17th. They set an “outperform” rating and a $100.00 price target for the company. Six investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $85.19.

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.