Sentry Investment Management LLC Invests $123,000 in Cognizant Technology Solutions Corporation $CTSH

Sentry Investment Management LLC bought a new position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,523 shares of the information technology service provider’s stock, valued at approximately $123,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Conning Inc. boosted its holdings in shares of Cognizant Technology Solutions by 4.4% during 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 during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Cognizant Technology Solutions by 1.7% during 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 during the last quarter. Private Trust Co. NA boosted its holdings in shares of Cognizant Technology Solutions by 8.6% during 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 during the last quarter. Cairn Investment Group Inc. boosted its holdings in shares of Cognizant Technology Solutions by 0.3% during 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 during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Cognizant Technology Solutions by 7.1% during 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 during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Cognizant Technology Solutions Stock Up 0.9%

Shares of NASDAQ CTSH opened at $66.08 on Monday. The firm has a market cap of $32.27 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 1.37 and a beta of 0.95. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 52-week low of $65.15 and a 52-week high of $90.82. The business’s 50 day moving average is $69.23 and its two-hundred day moving average is $73.70.

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

Cognizant Technology Solutions Announces Dividend

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

Wall Street Analysts Forecast Growth

CTSH has been the topic of a number of recent analyst reports. Wall Street Zen cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Guggenheim upgraded Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Friday, July 18th. Evercore ISI initiated coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an “outperform” rating and a $100.00 price objective on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. decreased their price objective on Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $86.79.

About Cognizant Technology Solutions

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.