TD Asset Management Inc Buys 26,944 Shares of Cognizant Technology Solutions Corporation $CTSH

TD Asset Management Inc raised its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 8.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 363,408 shares of the information technology service provider’s stock after acquiring an additional 26,944 shares during the quarter. TD Asset Management Inc owned about 0.07% of Cognizant Technology Solutions worth $24,374,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CTSH. NewSquare Capital LLC grew its holdings in Cognizant Technology Solutions by 71.8% in the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock valued at $29,000 after buying an additional 153 shares in the last quarter. High Note Wealth LLC boosted its position in shares of Cognizant Technology Solutions by 22,450.0% in the third quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock valued at $30,000 after acquiring an additional 449 shares during the period. New Millennium Group LLC acquired a new position in shares of Cognizant Technology Solutions in the third quarter valued at about $34,000. Winnow Wealth LLC bought a new position in Cognizant Technology Solutions during the third quarter worth about $39,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in Cognizant Technology Solutions by 267.7% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 603 shares of the information technology service provider’s stock worth $40,000 after purchasing an additional 439 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Cognizant Technology Solutions Stock Down 0.8%

CTSH stock opened at $64.43 on Friday. The firm has a 50-day moving average price of $78.21 and a 200-day moving average price of $74.36. Cognizant Technology Solutions Corporation has a 12 month low of $60.03 and a 12 month high of $87.03. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $30.81 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 1.40 and a beta of 0.95.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The business had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.31 billion. During the same period in the prior year, the company earned $1.21 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. As a group, equities research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Wednesday, February 18th were issued a dividend of $0.33 per share. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $1.32 annualized dividend and a dividend yield of 2.0%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 29.01%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Susquehanna restated a “positive” rating and set a $98.00 target price on shares of Cognizant Technology Solutions in a research report on Friday, January 23rd. TD Cowen restated a “hold” rating and set a $85.00 price objective (up from $84.00) on shares of Cognizant Technology Solutions in a research note on Thursday, February 5th. William Blair raised Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a report on Friday, November 21st. Citigroup restated a “neutral” rating and issued a $86.00 price target (up from $75.00) on shares of Cognizant Technology Solutions in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada upped their price objective on shares of Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 5th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Cognizant Technology Solutions presently has a consensus rating of “Hold” and an average price target of $90.17.

Insider Transactions at Cognizant Technology Solutions

In related news, CAO John Sunshin Kim sold 2,500 shares of Cognizant Technology Solutions stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $200,000.00. Following the sale, the chief accounting officer directly owned 36,149 shares in the company, valued at $2,891,920. This trade represents a 6.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ravi Kumar Singisetti sold 2,950 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $85.06, for a total transaction of $250,927.00. Following the completion of the transaction, the chief executive officer owned 75,209 shares of the company’s stock, valued at approximately $6,397,277.54. This trade represents a 3.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 29,434 shares of company stock valued at $2,460,809. Company insiders own 0.32% of the company’s stock.

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.