304,878 Shares in Cognizant Technology Solutions Corporation $CTSH Bought by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 304,878 shares of the information technology service provider’s stock, valued at approximately $25,305,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Flagship Harbor Advisors LLC bought a new stake in shares of Cognizant Technology Solutions during the 4th quarter worth $28,000. Physician Wealth Advisors Inc. lifted its position in shares of Cognizant Technology Solutions by 165.1% during the 4th quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock worth $28,000 after buying an additional 213 shares during the last quarter. Lodestone Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions during the 4th quarter worth $28,000. Towne Trust Company N.A lifted its position in shares of Cognizant Technology Solutions by 85.0% during the 4th quarter. Towne Trust Company N.A now owns 370 shares of the information technology service provider’s stock worth $31,000 after buying an additional 170 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new position in Cognizant Technology Solutions in the 3rd quarter worth about $25,000. 92.44% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Trading Up 1.3%

Shares of CTSH stock opened at $53.85 on Friday. The stock has a market cap of $25.52 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.12 and a beta of 0.81. The stock has a 50-day moving average of $56.40 and a 200-day moving average of $69.23. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 1-year low of $45.48 and a 1-year high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.07. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The company had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.41 billion. During the same quarter in the prior year, the firm posted $1.23 earnings per share. 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. On average, equities research analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current year.

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

Cognizant Technology Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were given a dividend of $0.33 per share. The ex-dividend date was Monday, May 18th. This represents a $1.32 annualized dividend and a dividend yield of 2.5%. Cognizant Technology Solutions’s dividend payout ratio is presently 28.70%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Dbs Bank lowered their target price on Cognizant Technology Solutions from $80.00 to $66.00 in a report on Thursday, May 7th. Argus raised Cognizant Technology Solutions to a “hold” rating in a report on Tuesday, February 10th. HSBC lowered their target price on Cognizant Technology Solutions from $98.00 to $80.00 in a report on Thursday, April 30th. Weiss Ratings cut Cognizant Technology Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Finally, The Goldman Sachs Group set a $75.00 target price on Cognizant Technology Solutions in a report on Wednesday, April 29th. Ten equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, Cognizant Technology Solutions currently has a consensus rating of “Hold” and a consensus target price of $73.00.

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.