Perpetual Ltd Sells 240,688 Shares of Cognizant Technology Solutions Corporation $CTSH

Perpetual Ltd lowered its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 98.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,610 shares of the information technology service provider’s stock after selling 240,688 shares during the quarter. Perpetual Ltd’s holdings in Cognizant Technology Solutions were worth $217,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Lodestone Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions during the fourth quarter worth $28,000. JPL Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions during the third quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Cognizant Technology Solutions during the fourth quarter worth $32,000. High Note Wealth LLC grew its holdings in shares of Cognizant Technology Solutions by 22,450.0% during the third quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock worth $30,000 after purchasing an additional 449 shares during the last quarter. Finally, New Millennium Group LLC bought a new stake in shares of Cognizant Technology Solutions during the third quarter valued at approximately $34,000. 92.44% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Trading Down 0.3%

CTSH opened at $62.35 on Tuesday. The stock has a market capitalization of $29.82 billion, a P/E ratio of 13.70, a P/E/G ratio of 1.36 and a beta of 0.98. The firm’s fifty day simple moving average is $66.62 and its 200 day simple moving average is $72.80. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 12 month low of $58.83 and a 12 month high of $87.03.

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

Cognizant Technology Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th were paid a dividend of $0.33 per share. The ex-dividend date was Wednesday, February 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 29.01%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CTSH. Argus raised shares of Cognizant Technology Solutions to a “hold” rating in a research note on Tuesday, February 10th. Morgan Stanley increased their price target on shares of Cognizant Technology Solutions from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. TD Cowen decreased their price target on Cognizant Technology Solutions from $85.00 to $71.00 and set a “hold” rating on the stock in a report on Friday, March 13th. Deutsche Bank Aktiengesellschaft raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Monday, January 26th. Finally, BMO Capital Markets set a $83.00 target price on Cognizant Technology Solutions in a report on Thursday, February 12th. Nine analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $88.78.

Insider Buying and Selling

In other news, Director Michael Patsalos-Fox sold 2,000 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $84.23, for a total value of $168,460.00. Following the sale, the director directly owned 29,729 shares of the company’s stock, valued at approximately $2,504,073.67. This represents a 6.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Surya Gummadi sold 1,728 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $83.06, for a total value of $143,527.68. Following the completion of the sale, the insider owned 25,641 shares in the company, valued at approximately $2,129,741.46. This trade represents a 6.31% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 3,859 shares of company stock worth $319,950. Company insiders own 0.32% of the company’s stock.

Cognizant Technology Solutions Profile

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.