Cognizant Technology Solutions Corporation $CTSH Holdings Lifted by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH raised its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 8.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 507,804 shares of the information technology service provider’s stock after purchasing an additional 41,035 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Cognizant Technology Solutions worth $34,058,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new position in Cognizant Technology Solutions during the 4th quarter worth $214,000. Geneos Wealth Management Inc. grew its position in Cognizant Technology Solutions by 118.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock valued at $44,000 after buying an additional 309 shares in the last quarter. Acadian Asset Management LLC bought a new position in Cognizant Technology Solutions in the 1st quarter valued at about $142,000. GAMMA Investing LLC raised its position in shares of Cognizant Technology Solutions by 16.4% during the 2nd quarter. GAMMA Investing LLC now owns 14,035 shares of the information technology service provider’s stock worth $1,095,000 after buying an additional 1,976 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Cognizant Technology Solutions by 118.1% in the 2nd quarter. Fifth Third Bancorp now owns 36,908 shares of the information technology service provider’s stock worth $2,880,000 after acquiring an additional 19,987 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Ravi Kumar Singisetti sold 3,125 shares of the stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $80.01, for a total value of $250,031.25. Following the completion of the sale, the chief executive officer directly owned 75,454 shares of the company’s stock, valued at approximately $6,037,074.54. This represents a 3.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Patsalos-Fox sold 7,000 shares of Cognizant Technology Solutions stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $83.52, for a total value of $584,640.00. Following the transaction, the director directly owned 47,729 shares in the company, valued at approximately $3,986,326.08. This trade represents a 12.79% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 30,206 shares of company stock worth $2,505,231. Corporate insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. The Goldman Sachs Group reissued a “neutral” rating and set a $84.00 target price on shares of Cognizant Technology Solutions in a report on Wednesday, October 29th. Citigroup initiated coverage on Cognizant Technology Solutions in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $75.00 price objective on the stock. TD Cowen reaffirmed a “hold” rating on shares of Cognizant Technology Solutions in a research note on Friday, January 9th. Wells Fargo & Company reiterated an “overweight” rating and issued a $98.00 price target (up from $87.00) on shares of Cognizant Technology Solutions in a research report on Wednesday, January 14th. Finally, Guggenheim reissued a “buy” rating and issued a $85.00 price target (down from $90.00) on shares of Cognizant Technology Solutions in a report on Tuesday, October 21st. Seven analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $86.00.

Cognizant Technology Solutions Trading Up 2.2%

Shares of NASDAQ CTSH opened at $84.03 on Thursday. The company has a quick ratio of 2.36, a current ratio of 2.36 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. The company has a market cap of $40.56 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 1.57 and a beta of 0.96. The business has a fifty day simple moving average of $81.25 and a 200-day simple moving average of $74.63.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.09. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.The firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter last year, the business posted $1.25 EPS. Cognizant Technology Solutions’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. Sell-side analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Tuesday, November 18th were paid a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.5%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.77%.

Cognizant Technology Solutions Profile

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.