Kepler Cheuvreux Suisse SA Reduces Position in Cognizant Technology Solutions Corporation $CTSH

Kepler Cheuvreux Suisse SA trimmed its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 89.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,988 shares of the information technology service provider’s stock after selling 159,868 shares during the period. Kepler Cheuvreux Suisse SA’s holdings in Cognizant Technology Solutions were worth $1,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in Cognizant Technology Solutions in the 4th quarter worth approximately $214,000. Geneos Wealth Management Inc. boosted its holdings in shares of Cognizant Technology Solutions by 118.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock valued at $44,000 after acquiring an additional 309 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Cognizant Technology Solutions during the first quarter worth $142,000. Cresset Asset Management LLC lifted its position in Cognizant Technology Solutions by 11.4% during the second quarter. Cresset Asset Management LLC now owns 9,160 shares of the information technology service provider’s stock valued at $715,000 after purchasing an additional 935 shares during the period. Finally, Jump Financial LLC boosted its holdings in Cognizant Technology Solutions by 231.4% in the second quarter. Jump Financial LLC now owns 29,667 shares of the information technology service provider’s stock valued at $2,315,000 after purchasing an additional 20,716 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

CTSH has been the subject of a number of recent research reports. Jefferies Financial Group reduced their price objective on 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. HSBC decreased their price target on Cognizant Technology Solutions from $80.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday. UBS Group dropped their price objective on shares of Cognizant Technology Solutions from $60.00 to $55.00 in a research note on Monday, May 11th. JPMorgan Chase & Co. decreased their target price on shares of Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating for the company in a research note on Tuesday, April 28th. Finally, TD Cowen dropped their price target on shares of Cognizant Technology Solutions from $62.00 to $47.00 and set a “hold” rating on the stock in a research report on Friday, June 26th. Eleven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $68.35.

Cognizant Technology Solutions Price Performance

Shares of CTSH opened at $41.99 on Friday. The firm has a market cap of $19.90 billion, a P/E ratio of 9.13, a PEG ratio of 0.88 and a beta of 0.87. Cognizant Technology Solutions Corporation has a 12 month low of $37.08 and a 12 month high of $87.03. The stock’s 50 day moving average is $49.48 and its two-hundred day 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.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.41 billion. During the same period in the prior year, the company posted $1.23 EPS. The business’s quarterly revenue 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. Analysts predict that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders 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 dividend on an annualized basis and a yield of 3.1%. Cognizant Technology Solutions’s dividend payout ratio is currently 28.70%.

Cognizant Technology Solutions announced that its Board of Directors has initiated 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 reacquire up to 9% of its stock through open market purchases. Stock repurchase plans are typically 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.