Cognizant Technology Solutions Corporation $CTSH Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC cut its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 62.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,149 shares of the information technology service provider’s stock after selling 368,005 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Cognizant Technology Solutions were worth $19,596,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. JPL Wealth Management LLC acquired a new stake in Cognizant Technology Solutions in the third quarter worth approximately $25,000. High Note Wealth LLC increased its position in shares of Cognizant Technology Solutions by 22,450.0% during the 3rd quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock valued at $30,000 after purchasing an additional 449 shares during the period. New Millennium Group LLC bought a new stake in shares of Cognizant Technology Solutions in the 3rd quarter worth $34,000. Winnow Wealth LLC acquired a new stake in shares of Cognizant Technology Solutions in the third quarter valued at $39,000. Finally, 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. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Down 0.7%

CTSH opened at $59.79 on Thursday. The company has a market capitalization of $28.59 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 1.31 and a beta of 0.99. The business has a 50-day moving average of $70.28 and a 200-day moving average of $73.25. Cognizant Technology Solutions Corporation has a fifty-two week low of $58.87 and a fifty-two week high of $87.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.14 and a quick ratio of 2.14.

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

Cognizant Technology Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th were issued a dividend of $0.33 per share. The ex-dividend date was Wednesday, February 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. Cognizant Technology Solutions’s payout ratio is 29.01%.

Insiders Place Their Bets

In related news, insider Surya Gummadi sold 1,728 shares of Cognizant Technology Solutions stock in a transaction on 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 sale, the insider owned 25,641 shares of the company’s stock, valued at approximately $2,129,741.46. The trade was a 6.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Patsalos-Fox sold 3,000 shares of the stock in a transaction on Monday, December 29th. The stock was sold at an average price of $85.17, for a total transaction of $255,510.00. Following the transaction, the director directly owned 34,729 shares in the company, valued at $2,957,868.93. The trade was a 7.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,859 shares of company stock worth $575,460 in the last 90 days. 0.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CTSH has been the topic of several research reports. Royal Bank Of Canada boosted their price target on shares of Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 5th. Berenberg Bank set a $107.00 price objective on shares of Cognizant Technology Solutions and gave the company a “buy” rating in a research report on Thursday, January 22nd. Argus raised shares of Cognizant Technology Solutions to a “hold” rating in a research note on Tuesday, February 10th. Citigroup reiterated a “neutral” rating and issued a $86.00 target price (up from $75.00) on shares of Cognizant Technology Solutions in a report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a report on Monday, January 26th. Nine analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $88.78.

Cognizant Technology Solutions Company 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.