Cognizant Technology Solutions Corporation $CTSH Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. raised its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 3.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,632 shares of the information technology service provider’s stock after purchasing an additional 295 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Cognizant Technology Solutions were worth $674,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC acquired a new stake in Cognizant Technology Solutions during the 4th quarter worth approximately $214,000. GAMMA Investing LLC lifted its holdings in shares of Cognizant Technology Solutions by 19.9% during the first quarter. GAMMA Investing LLC now owns 12,059 shares of the information technology service provider’s stock worth $923,000 after purchasing an additional 2,002 shares during the period. Janney Montgomery Scott LLC grew its position in Cognizant Technology Solutions by 40.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 28,047 shares of the information technology service provider’s stock valued at $2,146,000 after buying an additional 8,116 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its stake in Cognizant Technology Solutions by 35.1% in the 1st quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 14,474 shares of the information technology service provider’s stock valued at $1,107,000 after buying an additional 3,762 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its position in Cognizant Technology Solutions by 294.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 59,124 shares of the information technology service provider’s stock worth $4,523,000 after buying an additional 44,147 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Performance

Shares of CTSH stock opened at $66.70 on Tuesday. The stock has a fifty day moving average price of $69.18 and a 200 day moving average price of $73.69. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.41. The stock has a market cap of $32.58 billion, a PE ratio of 13.56, a P/E/G ratio of 1.37 and a beta of 0.95. Cognizant Technology Solutions Corporation has a 1 year low of $65.15 and a 1 year high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the business posted $1.17 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. Sell-side analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a “hold” rating and a $80.00 target price on the stock. 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. Wall Street Zen downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research note on Wednesday, October 8th. Finally, Guggenheim raised 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. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $86.79.

Cognizant Technology Solutions 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.