Janney Montgomery Scott LLC Has $1.86 Million Position in Cognizant Technology Solutions Corporation $CTSH

Janney Montgomery Scott LLC boosted its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 67.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,386 shares of the information technology service provider’s stock after buying an additional 12,236 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Cognizant Technology Solutions were worth $1,864,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. JPL Wealth Management LLC acquired a new stake in Cognizant Technology Solutions in the third quarter valued at $25,000. Lodestone Wealth Management LLC acquired a new position in Cognizant Technology Solutions during the 4th quarter worth about $28,000. Flagship Harbor Advisors LLC acquired a new position in Cognizant Technology Solutions during the 4th quarter worth about $28,000. Physician Wealth Advisors Inc. grew its position in shares of Cognizant Technology Solutions by 165.1% in the 4th quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock valued at $28,000 after buying an additional 213 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Cognizant Technology Solutions in the fourth quarter valued at about $29,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Morgan Stanley set a $44.00 target price on Cognizant Technology Solutions and gave the company an “equal weight” rating in a report on Tuesday, June 23rd. Citigroup boosted their price target on shares of Cognizant Technology Solutions from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, June 8th. HSBC reduced their price objective on shares of Cognizant Technology Solutions from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Guggenheim lowered their target price on shares of Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Finally, BMO Capital Markets dropped their target price on shares of Cognizant Technology Solutions from $83.00 to $63.00 in a report on Thursday, April 30th. Eleven equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $68.35.

Cognizant Technology Solutions Stock Performance

Shares of CTSH opened at $43.40 on Friday. The company has a market cap of $20.57 billion, a PE ratio of 9.43, a P/E/G ratio of 0.89 and a beta of 0.87. Cognizant Technology Solutions Corporation has a one year low of $37.08 and a one year high of $87.03. The stock has a 50-day moving average of $48.50 and a 200-day moving average of $62.63. 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 earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The company had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same period in the prior year, the firm earned $1.23 earnings per share. Cognizant Technology Solutions’s revenue for the quarter was up 5.8% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. On average, equities research analysts predict that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current fiscal 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 issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.0%. 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 of Directors has authorized a share repurchase program on Monday, May 18th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the information technology service provider to reacquire up to 9% of its stock through open market purchases. Stock repurchase programs are generally a sign 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.