Cognizant Technology Solutions Corporation $CTSH Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management increased its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 24.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,113 shares of the information technology service provider’s stock after purchasing an additional 2,582 shares during the quarter. Ritholtz Wealth Management’s holdings in Cognizant Technology Solutions were worth $1,023,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Conning Inc. increased its stake in Cognizant Technology Solutions by 4.4% in the 1st quarter. Conning Inc. now owns 3,547 shares of the information technology service provider’s stock worth $271,000 after purchasing an additional 149 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in Cognizant Technology Solutions by 1.7% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,733 shares of the information technology service provider’s stock worth $668,000 after purchasing an additional 149 shares in the last quarter. Private Trust Co. NA increased its stake in Cognizant Technology Solutions by 8.6% in the 1st quarter. Private Trust Co. NA now owns 1,913 shares of the information technology service provider’s stock worth $146,000 after purchasing an additional 151 shares in the last quarter. Cairn Investment Group Inc. increased its stake in Cognizant Technology Solutions by 0.3% in the 1st quarter. Cairn Investment Group Inc. now owns 54,755 shares of the information technology service provider’s stock worth $4,189,000 after purchasing an additional 172 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Cognizant Technology Solutions by 7.1% in the 1st quarter. Allworth Financial LP now owns 2,803 shares of the information technology service provider’s stock worth $202,000 after purchasing an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Trading Up 0.9%

Shares of NASDAQ CTSH opened at $66.08 on Friday. The stock has a market cap of $32.27 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 1.36 and a beta of 0.95. The business has a 50 day simple moving average of $69.23 and a 200 day simple moving average of $73.72. Cognizant Technology Solutions Corporation has a 52 week low of $65.15 and a 52 week high of $90.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.41.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.26 by $0.05. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The business had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.17 billion. During the same quarter in the previous year, the business posted $1.17 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. On average, research analysts predict that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, August 18th. Cognizant Technology Solutions’s payout ratio is 25.20%.

Analyst Ratings Changes

CTSH has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research note on Wednesday, October 8th. Evercore ISI began coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They set an “outperform” rating and a $100.00 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They set a “hold” rating and a $80.00 target price on the stock. Finally, Wall Street Zen cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Five analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Cognizant Technology Solutions has an average rating of “Hold” and a consensus target price of $86.79.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.