Los Angeles Capital Management LLC Acquires 24,915 Shares of Cognizant Technology Solutions Corporation $CTSH

Los Angeles Capital Management LLC grew its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 31.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 103,424 shares of the information technology service provider’s stock after buying an additional 24,915 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Cognizant Technology Solutions were worth $8,584,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Cognizant Technology Solutions during the 4th quarter worth approximately $690,959,000. CIBC Bancorp USA Inc. bought a new stake in Cognizant Technology Solutions during the 3rd quarter worth approximately $201,834,000. Voloridge Investment Management LLC increased its holdings in Cognizant Technology Solutions by 801.4% during the 3rd quarter. Voloridge Investment Management LLC now owns 2,104,276 shares of the information technology service provider’s stock worth $141,134,000 after acquiring an additional 1,870,834 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in Cognizant Technology Solutions by 144.3% during the 3rd 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 acquiring an additional 1,554,648 shares during the period. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in Cognizant Technology Solutions during the 4th quarter worth approximately $84,574,000. Institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

CTSH has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. Wedbush raised shares of Cognizant Technology Solutions from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $56.00 to $70.00 in a report on Monday. Nomura upped their target price on shares of Cognizant Technology Solutions from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Dbs Bank decreased their target price on shares of Cognizant Technology Solutions from $80.00 to $66.00 in a report on Thursday, May 7th. Finally, Morgan Stanley decreased their target price on shares of Cognizant Technology Solutions from $70.00 to $63.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Eleven research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, Cognizant Technology Solutions has an average rating of “Hold” and a consensus target price of $73.50.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ:CTSH opened at $52.99 on Tuesday. The company’s fifty day moving average price is $55.49 and its 200-day moving average price is $68.33. The firm has a market capitalization of $25.11 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 1.12 and a beta of 0.81. Cognizant Technology Solutions Corporation has a one year low of $45.48 and a one year high of $87.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.23 and a quick ratio of 2.23.

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

Cognizant Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.5%. Cognizant Technology Solutions’s dividend payout ratio is presently 28.70%.

Cognizant Technology Solutions declared that its Board of Directors has approved a share buyback program on Monday, May 18th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the information technology service provider to buy up to 9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.