Cognizant Technology Solutions Corporation $CTSH Position Trimmed by Grandfield & Dodd LLC

Grandfield & Dodd LLC decreased its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 8.4% in the 4th quarter, Holdings Channel reports. The firm owned 169,946 shares of the information technology service provider’s stock after selling 15,671 shares during the quarter. Grandfield & Dodd LLC’s holdings in Cognizant Technology Solutions were worth $14,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new stake in Cognizant Technology Solutions during the fourth quarter valued at $28,000. Physician Wealth Advisors Inc. increased its stake in Cognizant Technology Solutions by 165.1% during the fourth quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock valued at $28,000 after purchasing an additional 213 shares during the last quarter. Lodestone Wealth Management LLC bought a new stake in Cognizant Technology Solutions during the fourth quarter valued at $28,000. Towne Trust Company N.A increased its stake in Cognizant Technology Solutions by 85.0% during the fourth quarter. Towne Trust Company N.A now owns 370 shares of the information technology service provider’s stock valued at $31,000 after purchasing an additional 170 shares during the last quarter. Finally, JPL Wealth Management LLC bought a new stake in Cognizant Technology Solutions during the third quarter valued at $25,000. Institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CTSH shares. Robert W. Baird set a $72.00 price target on shares of Cognizant Technology Solutions and gave the stock a “neutral” rating in a research report on Friday, April 10th. Nomura upped their price target on shares of Cognizant Technology Solutions from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. HSBC lowered their price target on shares of Cognizant Technology Solutions from $98.00 to $80.00 in a research report on Thursday, April 30th. Susquehanna lowered their price target on shares of Cognizant Technology Solutions from $98.00 to $88.00 and set a “positive” rating for the company in a research report on Friday, May 1st. Finally, Wells Fargo & Company lowered their price target on shares of Cognizant Technology Solutions from $98.00 to $83.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Ten analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Cognizant Technology Solutions currently has a consensus rating of “Hold” and an average price target of $73.00.

Cognizant Technology Solutions Stock Up 3.5%

Cognizant Technology Solutions stock opened at $55.76 on Friday. The company has a 50-day simple moving average of $56.31 and a 200-day simple moving average of $69.14. The firm has a market capitalization of $26.42 billion, a P/E ratio of 12.12, a P/E/G ratio of 1.17 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 2.23. Cognizant Technology Solutions Corporation has a one year low of $45.48 and a one year high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.07. The business had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.41 billion. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.23 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, equities analysts expect that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.32 annualized dividend and a yield of 2.4%. Cognizant Technology Solutions’s dividend payout ratio is presently 28.70%.

Cognizant Technology Solutions announced that its board has authorized a stock repurchase program on Monday, May 18th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the information technology service provider to reacquire up to 9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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.