Hendershot Investments Inc. Has $16.71 Million Stock Position in Cognizant Technology Solutions Corporation $CTSH

Hendershot Investments Inc. raised its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 16.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 272,311 shares of the information technology service provider’s stock after buying an additional 37,709 shares during the quarter. Cognizant Technology Solutions comprises approximately 2.2% of Hendershot Investments Inc.’s investment portfolio, making the stock its 14th biggest holding. Hendershot Investments Inc.’s holdings in Cognizant Technology Solutions were worth $16,706,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPL Wealth Management LLC acquired a new position in Cognizant Technology Solutions in the 3rd quarter worth $25,000. Lodestone Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions in the fourth quarter valued at about $28,000. Flagship Harbor Advisors LLC acquired a new position in shares of Cognizant Technology Solutions during the fourth quarter worth about $28,000. Physician Wealth Advisors Inc. grew its holdings in shares of 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 worth $28,000 after buying an additional 213 shares in the last quarter. Finally, Prosperity Bancshares Inc acquired a new stake in Cognizant Technology Solutions in the 4th quarter valued at approximately $29,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CTSH. Jefferies Financial Group decreased their price target on shares of Cognizant Technology Solutions from $80.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Wedbush raised shares of Cognizant Technology Solutions from a “neutral” rating to an “outperform” rating and raised their target price for the company from $56.00 to $70.00 in a research report on Monday, June 8th. Wells Fargo & Company cut their price target on shares of Cognizant Technology Solutions from $98.00 to $83.00 and set an “overweight” rating on the stock 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 stock a “neutral” rating in a research note on Friday, April 10th. Finally, Guggenheim lowered their target price on Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Eleven research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, Cognizant Technology Solutions currently has an average rating of “Hold” and a consensus target price of $68.35.

Cognizant Technology Solutions Price Performance

CTSH opened at $41.99 on Friday. Cognizant Technology Solutions Corporation has a 1-year low of $37.08 and a 1-year high of $87.03. The stock’s fifty day simple moving average is $49.48 and its 200 day simple moving average is $63.94. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04. The stock has a market cap of $19.90 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 0.88 and a beta of 0.87.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data 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. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The firm had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.41 billion. During the same period in the previous year, the business posted $1.23 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, research analysts expect that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.70%.

Cognizant Technology Solutions declared that its board has authorized a stock buyback plan 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 repurchase up to 9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership 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.