Sienna Gestion Buys 9,920 Shares of Cognizant Technology Solutions Corporation $CTSH

Sienna Gestion grew its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 10.0% during the second quarter, Holdings Channel reports. The institutional investor owned 109,132 shares of the information technology service provider’s stock after purchasing an additional 9,920 shares during the quarter. Sienna Gestion’s holdings in Cognizant Technology Solutions were worth $7,775,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Andra AP fonden grew its stake in shares of Cognizant Technology Solutions by 71.5% in the second quarter. Andra AP fonden now owns 537,349 shares of the information technology service provider’s stock worth $41,929,000 after purchasing an additional 224,000 shares during the last quarter. Resona Asset Management Co. Ltd. grew its stake in shares of Cognizant Technology Solutions by 5.6% in the second quarter. Resona Asset Management Co. Ltd. now owns 202,917 shares of the information technology service provider’s stock worth $15,826,000 after purchasing an additional 10,843 shares during the last quarter. NewSquare Capital LLC grew its stake in shares of Cognizant Technology Solutions by 71.8% in the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock worth $29,000 after purchasing an additional 153 shares during the last quarter. Hussman Strategic Advisors Inc. bought a new stake in shares of Cognizant Technology Solutions in the second quarter worth about $4,097,000. Finally, Burney Co. grew its stake in shares of Cognizant Technology Solutions by 14.4% in the second quarter. Burney Co. now owns 13,609 shares of the information technology service provider’s stock worth $1,062,000 after purchasing an additional 1,713 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO John Sunshin Kim sold 2,500 shares of Cognizant Technology Solutions stock in a transaction that occurred on Wednesday, October 29th. The shares were 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 in the company, valued at approximately $2,753,843.40. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CTSH shares. Citigroup started coverage on Cognizant Technology Solutions in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $75.00 target price on the stock. JPMorgan Chase & Co. raised their target price on Cognizant Technology Solutions from $89.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft started coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They issued a “hold” rating and a $80.00 target price on the stock. Royal Bank Of Canada cut their target price on Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $84.00 price objective on shares of Cognizant Technology Solutions in a report on Wednesday, October 29th. Six equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $85.19.

Cognizant Technology Solutions Price Performance

CTSH stock opened at $74.66 on Thursday. The firm has a 50 day moving average price of $69.10 and a 200-day moving average price of $73.75. Cognizant Technology Solutions Corporation has a 52-week low of $65.15 and a 52-week high of $90.82. The firm has a market capitalization of $36.46 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 1.47 and a beta of 0.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.36.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same period last year, the business earned $1.25 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. Equities research analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 18th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, November 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.77%.

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.