Bank of New York Mellon Corp Has $767.17 Million Stock Position in Cognizant Technology Solutions Corporation $CTSH

Bank of New York Mellon Corp lowered its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 2.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,831,733 shares of the information technology service provider’s stock after selling 287,385 shares during the period. Bank of New York Mellon Corp owned approximately 1.99% of Cognizant Technology Solutions worth $767,170,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hilltop National Bank bought a new position in Cognizant Technology Solutions in the 2nd quarter valued at about $27,000. Geneos Wealth Management Inc. lifted its holdings in shares of Cognizant Technology Solutions by 118.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock worth $44,000 after acquiring an additional 309 shares during the period. WPG Advisers LLC acquired a new stake in shares of Cognizant Technology Solutions during the 1st quarter worth approximately $61,000. Zions Bancorporation National Association UT bought a new position in Cognizant Technology Solutions in the first quarter valued at approximately $66,000. Finally, Wayfinding Financial LLC acquired a new position in Cognizant Technology Solutions during the first quarter valued at approximately $75,000. Institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

CTSH has been the topic of several recent analyst reports. Evercore ISI assumed coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued an “outperform” rating and a $100.00 price target on the stock. Wall Street Zen lowered Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. The Goldman Sachs Group reissued a “neutral” rating and set a $84.00 target price on shares of Cognizant Technology Solutions in a research note on Wednesday, October 29th. 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, Royal Bank Of Canada lowered their price objective on shares of Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating for the company in a research report on Thursday, October 30th. Six analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Cognizant Technology Solutions has a consensus rating of “Hold” and a consensus price target of $85.19.

Cognizant Technology Solutions Stock Performance

NASDAQ:CTSH opened at $72.73 on Tuesday. The stock’s 50-day moving average is $69.03 and its 200-day moving average is $73.72. Cognizant Technology Solutions Corporation has a 1-year low of $65.15 and a 1-year high of $90.82. The company has a current ratio of 2.36, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04. The stock has a market cap of $35.52 billion, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 1.47 and a beta of 0.95.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.30 by $0.09. Cognizant Technology Solutions had a net margin of 10.20% and a return on equity of 17.00%. The business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same period last year, the company earned $1.25 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. Equities research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

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

Insider Transactions at Cognizant Technology Solutions

In related news, CAO John Sunshin Kim sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $75.18, for a total transaction of $187,950.00. Following the completion of the transaction, the chief accounting officer directly owned 36,630 shares of the company’s stock, valued at $2,753,843.40. This trade represents a 6.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

Cognizant Technology Solutions Company 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.