LSV Asset Management Increases Stock Position in Cognizant Technology Solutions Corporation $CTSH

LSV Asset Management grew its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,806,918 shares of the information technology service provider’s stock after buying an additional 57,428 shares during the quarter. LSV Asset Management’s holdings in Cognizant Technology Solutions were worth $149,974,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in CTSH. CIBC Bancorp USA Inc. purchased a new stake in shares of Cognizant Technology Solutions during the 3rd quarter valued at about $201,834,000. Voloridge Investment Management LLC boosted its holdings in shares of Cognizant Technology Solutions by 801.4% during the 3rd quarter. Voloridge Investment Management LLC now owns 2,104,276 shares of the information technology service provider’s stock valued at $141,134,000 after acquiring an additional 1,870,834 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Cognizant Technology Solutions by 144.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,631,890 shares of the information technology service provider’s stock valued at $176,521,000 after acquiring an additional 1,554,648 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Cognizant Technology Solutions during the 4th quarter valued at about $84,574,000. Finally, Invesco Ltd. boosted its holdings in shares of Cognizant Technology Solutions by 8.6% during the 3rd quarter. Invesco Ltd. now owns 12,534,198 shares of the information technology service provider’s stock valued at $840,669,000 after acquiring an additional 987,395 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CTSH. Morgan Stanley dropped their price target on shares of Cognizant Technology Solutions from $70.00 to $63.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. BMO Capital Markets lowered their price objective on shares of Cognizant Technology Solutions from $83.00 to $63.00 in a research note on Thursday, April 30th. Robert W. Baird set a $72.00 price objective on shares of Cognizant Technology Solutions and gave the stock a “neutral” rating in a research note on Friday, April 10th. Wells Fargo & Company lowered their price objective on shares of Cognizant Technology Solutions from $98.00 to $83.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, Jefferies Financial Group lowered their price objective on shares of Cognizant Technology Solutions from $80.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Ten equities 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.com, the stock presently has an average rating of “Hold” and a consensus target price of $73.00.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ:CTSH opened at $52.75 on Friday. The firm’s 50 day moving average price is $57.05 and its 200-day moving average price is $69.83. Cognizant Technology Solutions Corporation has a twelve month low of $45.48 and a twelve month high of $87.03. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $25.00 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.10 and a beta of 0.81.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.07. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The firm had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.41 billion. During the same quarter in the prior year, the business earned $1.23 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. Equities research analysts expect that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current year.

Cognizant Technology Solutions announced that its board has approved a share repurchase program on Monday, May 18th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the information technology service provider to reacquire up to 9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Cognizant Technology Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th will be paid a dividend of $0.33 per share. The ex-dividend date is Monday, May 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.5%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.70%.

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.