Wedge Capital Management L L P NC Has $67.58 Million Stock Position in Cognizant Technology Solutions Corporation $CTSH

Wedge Capital Management L L P NC decreased its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 10.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 814,219 shares of the information technology service provider’s stock after selling 93,014 shares during the quarter. Cognizant Technology Solutions makes up approximately 1.2% of Wedge Capital Management L L P NC’s holdings, making the stock its 2nd largest holding. Wedge Capital Management L L P NC’s holdings in Cognizant Technology Solutions were worth $67,580,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in CTSH. Norges Bank bought a new stake in shares of Cognizant Technology Solutions during the second quarter worth $487,526,000. CIBC Bancorp USA Inc. bought a new position in Cognizant Technology Solutions in the third quarter valued at about $201,834,000. Voloridge Investment Management LLC increased its position in Cognizant Technology Solutions by 801.4% in the third quarter. Voloridge Investment Management LLC now owns 2,104,276 shares of the information technology service provider’s stock worth $141,134,000 after purchasing an additional 1,870,834 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in Cognizant Technology Solutions by 144.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,631,890 shares of the information technology service provider’s stock worth $176,521,000 after purchasing an additional 1,554,648 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Cognizant Technology Solutions by 59.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,778,252 shares of the information technology service provider’s stock worth $253,407,000 after purchasing an additional 1,407,776 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Cognizant Technology Solutions Stock Down 1.7%

Shares of NASDAQ CTSH opened at $59.73 on Friday. Cognizant Technology Solutions Corporation has a 52-week low of $58.83 and a 52-week high of $87.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a market cap of $28.57 billion, a P/E ratio of 13.13, a P/E/G ratio of 1.32 and a beta of 0.99. The firm has a 50 day moving average price of $69.30 and a 200 day moving average price of $73.08.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.03. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The company had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.31 billion. During the same period last year, the business posted $1.21 earnings per share. The business’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. Analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS 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. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 2.2%. The ex-dividend date was Wednesday, February 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 29.01%.

Insider Transactions at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, Director Michael Patsalos-Fox sold 3,000 shares of the business’s stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $85.17, for a total value of $255,510.00. Following the completion of the transaction, the director directly owned 34,729 shares of the company’s stock, valued at approximately $2,957,868.93. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Surya Gummadi sold 1,728 shares of the stock in a transaction dated Monday, February 2nd. The stock was 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 $2,129,741.46. This trade represents a 6.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 6,859 shares of company stock valued at $575,460. Insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CTSH shares. Mizuho set a $87.00 target price on shares of Cognizant Technology Solutions in a research note on Monday, February 9th. Argus raised shares of Cognizant Technology Solutions to a “hold” rating in a research note on Tuesday, February 10th. BMO Capital Markets set a $83.00 price objective on shares of Cognizant Technology Solutions in a report on Thursday, February 12th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $98.00 price objective (up from $87.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, January 14th. Finally, Citigroup reaffirmed a “neutral” rating and set a $86.00 target price (up from $75.00) on shares of Cognizant Technology Solutions in a report on Thursday, January 22nd. Nine research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, Cognizant Technology Solutions currently has a consensus rating of “Hold” and an average price target 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.