Causeway Capital Management LLC Buys 168,820 Shares of Cognizant Technology Solutions Corporation $CTSH

Causeway Capital Management LLC boosted its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 14.3% during the 3rd quarter, Holdings Channel reports. The firm owned 1,350,178 shares of the information technology service provider’s stock after buying an additional 168,820 shares during the quarter. Cognizant Technology Solutions makes up about 1.2% of Causeway Capital Management LLC’s holdings, making the stock its 13th biggest position. Causeway Capital Management LLC’s holdings in Cognizant Technology Solutions were worth $90,556,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in shares of Cognizant Technology Solutions in the fourth quarter worth about $214,000. Geneos Wealth Management Inc. grew its holdings in Cognizant Technology Solutions by 118.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock valued at $44,000 after buying an additional 309 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Cognizant Technology Solutions in the 1st quarter worth approximately $142,000. AE Wealth Management LLC raised its holdings in shares of Cognizant Technology Solutions by 533.9% during the 2nd quarter. AE Wealth Management LLC now owns 107,928 shares of the information technology service provider’s stock worth $8,422,000 after acquiring an additional 90,902 shares in the last quarter. Finally, Summit Investment Advisors Inc. boosted its position in shares of Cognizant Technology Solutions by 2.2% during the 1st quarter. Summit Investment Advisors Inc. now owns 21,051 shares of the information technology service provider’s stock valued at $1,610,000 after acquiring an additional 445 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. TD Cowen reissued 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. Weiss Ratings raised shares of Cognizant Technology Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 6th. Royal Bank Of Canada upped their target price on shares of Cognizant Technology Solutions from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. UBS Group reaffirmed a “neutral” rating and issued a $82.00 price target (up from $78.00) on shares of Cognizant Technology Solutions in a report on Monday, December 8th. Finally, Guggenheim reiterated a “buy” rating and issued a $100.00 price target (up from $95.00) on shares of Cognizant Technology Solutions in a research report on Wednesday, January 28th. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, Cognizant Technology Solutions currently has a consensus rating of “Hold” and a consensus target price of $90.17.

Insider Buying and Selling

In related news, insider Surya Gummadi sold 1,728 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $83.06, for a total transaction of $143,527.68. Following the completion of the transaction, the insider 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Patsalos-Fox sold 2,000 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $84.23, for a total value of $168,460.00. Following the completion of the transaction, the director directly owned 29,729 shares in the company, valued at $2,504,073.67. This trade represents a 6.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 23,809 shares of company stock valued at $2,010,778. Insiders own 0.32% of the company’s stock.

Cognizant Technology Solutions Trading Down 2.4%

Shares of CTSH opened at $64.65 on Tuesday. Cognizant Technology Solutions Corporation has a twelve month low of $60.03 and a twelve 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 company’s fifty day simple moving average is $75.76 and its 200-day simple moving average is $74.16. The company has a market cap of $30.92 billion, a P/E ratio of 14.21, a P/E/G ratio of 1.44 and a beta of 1.00.

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

Cognizant Technology Solutions Increases Dividend

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

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.