Pensionfund Sabic Buys Shares of 17,700 Cognizant Technology Solutions Corporation $CTSH

Pensionfund Sabic purchased a new position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 17,700 shares of the information technology service provider’s stock, valued at approximately $1,469,000.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its stake in Cognizant Technology Solutions by 0.6% during the 2nd quarter. State Street Corp now owns 25,381,572 shares of the information technology service provider’s stock worth $1,980,524,000 after acquiring an additional 157,427 shares in the last quarter. AustralianSuper Pty Ltd acquired a new position in Cognizant Technology Solutions in the 3rd quarter valued at about $4,422,000. Thrivent Financial for Lutherans grew its position in Cognizant Technology Solutions by 60.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 39,474 shares of the information technology service provider’s stock valued at $3,079,000 after acquiring an additional 14,946 shares in the last quarter. Alps Advisors Inc. increased its stake in Cognizant Technology Solutions by 16.5% during the third quarter. Alps Advisors Inc. now owns 306,078 shares of the information technology service provider’s stock worth $20,529,000 after purchasing an additional 43,252 shares during the period. Finally, Amundi increased its stake in Cognizant Technology Solutions by 5.2% during the second quarter. Amundi now owns 4,755,344 shares of the information technology service provider’s stock worth $381,135,000 after purchasing an additional 235,432 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Down 2.7%

CTSH opened at $60.24 on Wednesday. Cognizant Technology Solutions Corporation has a one year low of $59.35 and a one year high of $87.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a market capitalization of $28.81 billion, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The business’s 50-day simple moving average is $70.82 and its 200-day simple moving average is $73.34.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.31 billion. Cognizant Technology Solutions had a return on equity of 17.17% and a net margin of 10.56%.The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. Analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th were issued a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 2.2%. Cognizant Technology Solutions’s dividend payout ratio is currently 29.01%.

Insider Buying and Selling

In related news, Director Michael Patsalos-Fox sold 3,000 shares of the stock in a transaction on Monday, December 29th. The shares were sold at an average price of $85.17, for a total transaction of $255,510.00. Following the completion of the sale, the director owned 34,729 shares in the company, valued at $2,957,868.93. This represents a 7.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Surya Gummadi sold 1,728 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $83.06, for a total transaction of $143,527.68. Following the transaction, the insider directly owned 25,641 shares in the company, valued at $2,129,741.46. The trade was a 6.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 6,859 shares of company stock worth $575,460. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CTSH. Wells Fargo & Company reissued an “overweight” rating and issued a $98.00 price objective (up from $87.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, January 14th. Argus raised shares of Cognizant Technology Solutions to a “hold” rating in a research note on Tuesday, February 10th. Weiss Ratings cut shares of Cognizant Technology Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. TD Cowen dropped their price target on shares of Cognizant Technology Solutions from $85.00 to $71.00 and set a “hold” rating for the company in a research note on Friday, March 13th. Finally, Citigroup reaffirmed a “neutral” rating and set a $86.00 price objective (up from $75.00) on shares of Cognizant Technology Solutions in a research report on Thursday, January 22nd. Nine research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $88.78.

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.