AustralianSuper Pty Ltd Takes $4.42 Million Position in Cognizant Technology Solutions Corporation $CTSH

AustralianSuper Pty Ltd bought a new position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 65,924 shares of the information technology service provider’s stock, valued at approximately $4,422,000.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC acquired a new position in Cognizant Technology Solutions during the fourth quarter worth $214,000. Geneos Wealth Management Inc. grew its holdings in shares of 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 worth $44,000 after purchasing an additional 309 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Cognizant Technology Solutions during the 1st quarter worth about $142,000. Burney Co. lifted its holdings in Cognizant Technology Solutions by 14.4% during the 2nd quarter. Burney Co. now owns 13,609 shares of the information technology service provider’s stock valued at $1,062,000 after purchasing an additional 1,713 shares during the last quarter. Finally, NewSquare Capital LLC boosted its position in 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 valued at $29,000 after buying an additional 153 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Buying and Selling at Cognizant Technology Solutions

In related news, CEO Ravi Kumar Singisetti sold 2,950 shares of Cognizant Technology Solutions stock in a transaction on Friday, December 19th. The stock was sold at an average price of $85.06, for a total transaction of $250,927.00. Following the completion of the sale, the chief executive officer directly owned 75,209 shares of the company’s stock, valued at $6,397,277.54. The trade was a 3.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Surya Gummadi sold 1,728 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $83.06, for a total value of $143,527.68. Following the completion of the transaction, the insider directly owned 25,641 shares in the company, valued at $2,129,741.46. The trade was a 6.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 23,809 shares of company stock worth $2,010,778. Insiders own 0.32% of the company’s stock.

Cognizant Technology Solutions Price Performance

Cognizant Technology Solutions stock opened at $65.12 on Thursday. The business’s 50-day simple moving average is $76.95 and its 200 day simple moving average is $74.24. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.04. The stock has a market cap of $31.14 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 1.40 and a beta of 0.99. Cognizant Technology Solutions Corporation has a 12-month low of $60.03 and a 12-month high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.31 billion. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.21 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. As a group, research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.0%. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 29.01%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Mizuho set a $87.00 target price on shares of Cognizant Technology Solutions in a research note on Monday, February 9th. William Blair upgraded Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research report on Friday, November 21st. Berenberg Bank set a $107.00 target price on Cognizant Technology Solutions and gave the stock a “buy” rating in a report on Thursday, January 22nd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $98.00 price target (up from $87.00) on shares of Cognizant Technology Solutions in a report on Wednesday, January 14th. Finally, Morgan Stanley upped their price target on shares of Cognizant Technology Solutions from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Ten investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $90.17.

About Cognizant Technology Solutions

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.