Kepler Cheuvreux Suisse SA Makes New Investment in Cognizant Technology Solutions Corporation $CTSH

Kepler Cheuvreux Suisse SA acquired a new stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the 3rd quarter, Holdings Channel reports. The fund acquired 188,766 shares of the information technology service provider’s stock, valued at approximately $12,661,000.

A number of other hedge funds have also made changes to their positions in the stock. High Note Wealth LLC lifted its position in Cognizant Technology Solutions by 22,450.0% in the third quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock worth $30,000 after purchasing an additional 449 shares during the period. New Millennium Group LLC acquired a new position in shares of Cognizant Technology Solutions during the 3rd quarter valued at $34,000. Winnow Wealth LLC bought a new stake in shares of Cognizant Technology Solutions in the 3rd quarter worth $39,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Cognizant Technology Solutions by 267.7% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 603 shares of the information technology service provider’s stock valued at $40,000 after buying an additional 439 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in shares of Cognizant Technology Solutions in the third quarter valued at $41,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

CTSH has been the topic of a number of research analyst reports. UBS Group reaffirmed a “neutral” rating and set a $82.00 target price (up from $78.00) on shares of Cognizant Technology Solutions in a report on Monday, December 8th. Deutsche Bank Aktiengesellschaft raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a report on Monday, January 26th. Mizuho set a $87.00 price objective on shares of Cognizant Technology Solutions in a research report on Monday, February 9th. Argus raised shares of Cognizant Technology Solutions to a “hold” rating in a research note on Tuesday, February 10th. Finally, BMO Capital Markets set a $83.00 target price on shares of Cognizant Technology Solutions in a report on Thursday, February 12th. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $90.17.

Insider Buying and Selling at Cognizant Technology Solutions

In other news, insider Surya Gummadi sold 1,728 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $83.06, for a total transaction of $143,527.68. Following the sale, the insider owned 25,641 shares in the company, valued at $2,129,741.46. The trade was a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Patsalos-Fox sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $84.23, for a total transaction of $168,460.00. Following the completion of the transaction, the director directly owned 29,729 shares of the company’s stock, valued at $2,504,073.67. This represents a 6.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 23,809 shares of company stock valued at $2,010,778. 0.32% of the stock is currently owned by corporate insiders.

Cognizant Technology Solutions Stock Performance

CTSH opened at $62.98 on Wednesday. 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 firm has a market cap of $30.12 billion, a PE ratio of 13.84, a P/E/G ratio of 1.40 and a beta of 0.99. The business has a fifty day simple moving average of $75.34 and a 200-day simple moving average of $74.10. Cognizant Technology Solutions Corporation has a fifty-two week low of $60.03 and a fifty-two week high of $87.03.

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

Cognizant Technology Solutions Increases Dividend

The business also recently disclosed 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. This represents a $1.32 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, February 18th. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. Cognizant Technology Solutions’s dividend payout ratio is presently 29.01%.

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.