Elo Mutual Pension Insurance Co Has $4.51 Million Holdings in Cognizant Technology Solutions Corporation $CTSH

Elo Mutual Pension Insurance Co grew its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 18.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,195 shares of the information technology service provider’s stock after acquiring an additional 10,386 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Cognizant Technology Solutions were worth $4,507,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Cognizant Technology Solutions by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 60,348,442 shares of the information technology service provider’s stock worth $4,047,570,000 after purchasing an additional 493,912 shares in the last quarter. State Street Corp grew its stake in shares of Cognizant Technology Solutions by 0.6% during the second quarter. State Street Corp now owns 25,381,572 shares of the information technology service provider’s stock worth $1,980,524,000 after buying an additional 157,427 shares during the last quarter. Pzena Investment Management LLC increased its holdings in shares of Cognizant Technology Solutions by 1.5% during the third quarter. Pzena Investment Management LLC now owns 17,710,868 shares of the information technology service provider’s stock worth $1,187,868,000 after buying an additional 260,177 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Cognizant Technology Solutions by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 14,019,891 shares of the information technology service provider’s stock valued at $1,091,391,000 after acquiring an additional 206,532 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Cognizant Technology Solutions during the second quarter valued at about $487,526,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CTSH shares. BMO Capital Markets set a $83.00 price target on Cognizant Technology Solutions in a research report on Thursday, February 12th. Citigroup reiterated a “neutral” rating and set a $86.00 price target (up from $75.00) on shares of Cognizant Technology Solutions in a report on Thursday, January 22nd. Mizuho set a $87.00 price objective on Cognizant Technology Solutions in a research report on Monday, February 9th. UBS Group restated a “neutral” rating and set a $82.00 target price (up from $78.00) on shares of Cognizant Technology Solutions in a research report on Monday, December 8th. Finally, TD Cowen reiterated a “hold” rating and issued a $85.00 target price (up from $84.00) on shares of Cognizant Technology Solutions in a report on Thursday, February 5th. Ten equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, Cognizant Technology Solutions has an average rating of “Hold” and an average target price of $90.17.

Cognizant Technology Solutions Stock Performance

Shares of Cognizant Technology Solutions stock opened at $64.34 on Wednesday. The business has a 50-day simple moving average of $77.35 and a 200 day simple moving average of $74.31. Cognizant Technology Solutions Corporation has a one year low of $60.03 and a one year high of $87.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a market capitalization of $30.77 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 1.38 and a beta of 0.99.

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

Cognizant Technology Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th were paid a dividend of $0.33 per share. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, February 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.1%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 29.01%.

Insider Buying and Selling at Cognizant Technology Solutions

In related news, insider Surya Gummadi sold 1,728 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $83.06, for a total value of $143,527.68. Following the sale, the insider owned 25,641 shares in the company, valued at $2,129,741.46. This represents a 6.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ravi Kumar Singisetti sold 3,125 shares of Cognizant Technology Solutions stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $80.01, for a total value of $250,031.25. Following the transaction, the chief executive officer owned 75,454 shares of the company’s stock, valued at $6,037,074.54. This trade represents a 3.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 29,434 shares of company stock worth $2,460,809. Corporate insiders own 0.32% of the company’s stock.

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.