AustralianSuper Pty Ltd Takes $4.42 Million Position in Cognizant Technology Solutions Corporation $CTSH

AustralianSuper Pty Ltd acquired a new stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 65,924 shares of the information technology service provider’s stock, valued at approximately $4,422,000.

Several other hedge funds have also added to or reduced their stakes in the business. Teachers Retirement System of The State of Kentucky grew its stake in Cognizant Technology Solutions by 21.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 406,851 shares of the information technology service provider’s stock valued at $27,288,000 after acquiring an additional 72,000 shares during the period. CI Investments Inc. lifted its holdings in shares of Cognizant Technology Solutions by 14.2% during the 3rd quarter. CI Investments Inc. now owns 3,625 shares of the information technology service provider’s stock valued at $243,000 after purchasing an additional 452 shares in the last quarter. Kingsview Wealth Management LLC grew its position in shares of Cognizant Technology Solutions by 6.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 126,455 shares of the information technology service provider’s stock valued at $8,481,000 after purchasing an additional 7,582 shares during the period. Elo Mutual Pension Insurance Co increased its stake in Cognizant Technology Solutions by 18.3% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 67,195 shares of the information technology service provider’s stock worth $4,507,000 after purchasing an additional 10,386 shares in the last quarter. Finally, Hendershot Investments Inc. increased its stake in Cognizant Technology Solutions by 1.7% during the 3rd quarter. Hendershot Investments Inc. now owns 230,914 shares of the information technology service provider’s stock worth $15,487,000 after purchasing an additional 3,961 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Trading Up 1.2%

Shares of NASDAQ:CTSH opened at $65.12 on Thursday. The company’s 50-day moving average price is $76.95 and its two-hundred day moving average price is $74.24. 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 stock has a market capitalization of $31.14 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99.

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

Cognizant Technology Solutions Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Argus raised shares of Cognizant Technology Solutions to a “hold” rating in a research note on Tuesday, February 10th. UBS Group reaffirmed a “neutral” rating and issued a $82.00 target price (up from $78.00) on shares of Cognizant Technology Solutions in a research note on Monday, December 8th. TD Cowen reiterated a “hold” rating and set a $85.00 target price (up from $84.00) on shares of Cognizant Technology Solutions in a report on Thursday, February 5th. Royal Bank Of Canada boosted their price target on Cognizant Technology Solutions from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Thursday, February 5th. Finally, BMO Capital Markets set a $83.00 price objective on Cognizant Technology Solutions in a report on Thursday, February 12th. Ten equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $90.17.

Insider Activity

In other news, insider Surya Gummadi sold 1,728 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $83.06, for a total transaction of $143,527.68. Following the transaction, the insider directly owned 25,641 shares in the company, valued at $2,129,741.46. The trade was a 6.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Patsalos-Fox sold 2,000 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $84.23, for a total transaction of $168,460.00. Following the completion of the sale, the director directly owned 29,729 shares in the company, valued at approximately $2,504,073.67. The trade was a 6.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 23,809 shares of company stock valued at $2,010,778. 0.32% of the stock is owned by insiders.

Cognizant Technology Solutions 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.