O Shaughnessy Asset Management LLC Boosts Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

O Shaughnessy Asset Management LLC boosted its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 73.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 181,604 shares of the information technology service provider’s stock after acquiring an additional 76,743 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Cognizant Technology Solutions were worth $15,073,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CTSH. Brighton Jones LLC bought a new position in Cognizant Technology Solutions during the fourth quarter valued at $214,000. Geneos Wealth Management Inc. lifted its position in Cognizant Technology Solutions by 118.8% during the first quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock valued at $44,000 after purchasing an additional 309 shares during the last quarter. Acadian Asset Management LLC bought a new position in Cognizant Technology Solutions during the first quarter valued at $142,000. Cresset Asset Management LLC lifted its position in Cognizant Technology Solutions by 11.4% during the second quarter. Cresset Asset Management LLC now owns 9,160 shares of the information technology service provider’s stock valued at $715,000 after purchasing an additional 935 shares during the last quarter. Finally, Jump Financial LLC lifted its position in Cognizant Technology Solutions by 231.4% during the second quarter. Jump Financial LLC now owns 29,667 shares of the information technology service provider’s stock valued at $2,315,000 after purchasing an additional 20,716 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CTSH shares. BMO Capital Markets lowered their price objective on shares of Cognizant Technology Solutions from $83.00 to $63.00 in a research report on Thursday, April 30th. Robert W. Baird set a $72.00 price objective on shares of Cognizant Technology Solutions and gave the company a “neutral” rating in a research report on Friday, April 10th. JPMorgan Chase & Co. lowered their price objective on shares of Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. UBS Group lowered their price objective on shares of Cognizant Technology Solutions from $60.00 to $55.00 in a research report on Monday, May 11th. Finally, Argus upgraded shares of Cognizant Technology Solutions to a “hold” rating in a research report on Tuesday, February 10th. Eleven equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, Cognizant Technology Solutions has a consensus rating of “Hold” and a consensus target price of $73.50.

Cognizant Technology Solutions Price Performance

Cognizant Technology Solutions stock opened at $52.94 on Wednesday. The firm has a 50-day moving average price of $55.36 and a 200-day moving average price of $68.19. The firm has a market capitalization of $25.09 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 1.12 and a beta of 0.81. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 12-month low of $45.48 and a 12-month high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.07. The firm had revenue of $5.41 billion during 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 was up 5.8% on a year-over-year basis. During the same quarter last year, the business earned $1.23 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, equities research analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.70%.

Cognizant Technology Solutions announced that its board has initiated a stock buyback program on Monday, May 18th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the information technology service provider to buy up to 9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management 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.