Impact Partnership Wealth LLC Acquires New Position in Cognizant Technology Solutions Corporation $CTSH

Impact Partnership Wealth LLC acquired a new position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 21,512 shares of the information technology service provider’s stock, valued at approximately $1,320,000.

A number of other large investors have also recently bought and sold shares of the business. JPL Wealth Management LLC acquired a new stake in shares of Cognizant Technology Solutions during the 3rd quarter worth approximately $25,000. Lodestone Wealth Management LLC acquired a new position in Cognizant Technology Solutions during the 4th quarter valued at approximately $28,000. Flagship Harbor Advisors LLC bought a new position in Cognizant Technology Solutions during the 4th quarter worth $28,000. Physician Wealth Advisors Inc. grew its stake in Cognizant Technology Solutions by 165.1% during the 4th 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 during the last quarter. Finally, Prosperity Bancshares Inc acquired a new stake in Cognizant Technology Solutions in the fourth quarter worth $29,000. Institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CTSH. JPMorgan Chase & Co. reduced their price target on shares of Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating for the company in a report on Tuesday, April 28th. Truist Financial began coverage on shares of Cognizant Technology Solutions in a report on Monday, June 1st. They issued a “hold” rating and a $66.00 price objective on the stock. Wedbush upgraded shares of Cognizant Technology Solutions from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $56.00 to $70.00 in a research report on Monday, June 8th. UBS Group decreased their target price on shares of Cognizant Technology Solutions from $60.00 to $55.00 in a research report on Monday, May 11th. Finally, Jefferies Financial Group cut their price target on Cognizant Technology Solutions from $80.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Ten research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $69.70.

Cognizant Technology Solutions Stock Performance

Shares of CTSH opened at $38.73 on Wednesday. The firm has a market capitalization of $18.35 billion, a PE ratio of 8.42, a P/E/G ratio of 0.82 and a beta of 0.81. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $50.57 and a 200 day moving average price of $64.69. Cognizant Technology Solutions Corporation has a 52-week low of $37.08 and a 52-week high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results 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. The company had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.41 billion. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. Cognizant Technology Solutions’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.23 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. On average, sell-side analysts anticipate that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th were given a dividend of $0.33 per share. The ex-dividend date was Monday, May 18th. This represents a $1.32 annualized dividend and a dividend yield of 3.4%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.70%.

Cognizant Technology Solutions declared that its Board of Directors has authorized a stock buyback plan on Monday, May 18th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the information technology service provider to reacquire up to 9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Cognizant Technology Solutions Company 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.