Wealth Enhancement Advisory Services LLC Has $19.60 Million Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Wealth Enhancement Advisory Services LLC reduced its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 62.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 219,149 shares of the information technology service provider’s stock after selling 368,005 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Cognizant Technology Solutions were worth $19,596,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of CTSH. Vanguard Group Inc. lifted 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 acquiring an additional 493,912 shares during the last quarter. State Street Corp grew its position in shares of Cognizant Technology Solutions by 0.6% in the second quarter. State Street Corp now owns 25,381,572 shares of the information technology service provider’s stock valued at $1,980,524,000 after purchasing an additional 157,427 shares during the last quarter. Pzena Investment Management LLC grew its position in shares of Cognizant Technology Solutions by 1.5% in the third quarter. Pzena Investment Management LLC now owns 17,710,868 shares of the information technology service provider’s stock valued at $1,187,868,000 after purchasing an additional 260,177 shares during the last quarter. Invesco Ltd. increased its stake in shares of Cognizant Technology Solutions by 8.6% in the third quarter. Invesco Ltd. now owns 12,534,198 shares of the information technology service provider’s stock worth $840,669,000 after purchasing an additional 987,395 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Cognizant Technology Solutions by 7.6% during the 3rd quarter. First Trust Advisors LP now owns 9,085,998 shares of the information technology service provider’s stock worth $609,398,000 after purchasing an additional 639,801 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ:CTSH opened at $59.79 on Thursday. The firm has a market capitalization of $28.59 billion, a PE ratio of 13.14, a PEG ratio of 1.31 and a beta of 0.99. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 1-year low of $58.87 and a 1-year high of $87.03. The business’s 50 day moving average is $70.28 and its 200-day moving average is $73.25.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.31 billion. During the same period last year, the business earned $1.21 earnings per share. Cognizant Technology Solutions’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. Sell-side analysts predict that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th were given a dividend of $0.33 per share. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, February 18th. This represents a $1.32 annualized dividend and a dividend yield of 2.2%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 29.01%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Argus upgraded Cognizant Technology Solutions to a “hold” rating in a research note on Tuesday, February 10th. UBS Group set a $71.00 price target on Cognizant Technology Solutions in a research report on Friday, March 13th. Mizuho set a $87.00 price objective on Cognizant Technology Solutions in a research report on Monday, February 9th. Guggenheim restated a “buy” rating and issued a $100.00 price objective (up from $95.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Monday, January 26th. Nine research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Cognizant Technology Solutions has an average rating of “Hold” and an average price target of $88.78.

Insider Activity

In other Cognizant Technology Solutions news, insider Surya Gummadi sold 1,728 shares of the firm’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 completion of the transaction, the insider owned 25,641 shares in the company, valued at $2,129,741.46. This trade represents a 6.31% decrease in their ownership of the stock. The sale 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 Cognizant Technology Solutions stock in a transaction that occurred 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 sale, the director directly owned 29,729 shares in the company, valued at $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. Over the last quarter, insiders have sold 6,859 shares of company stock worth $575,460. 0.32% of the stock is owned by company 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.