Fox Run Management L.L.C. Raises Stake in Cognizant Technology Solutions Corporation $CTSH

Fox Run Management L.L.C. raised its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 129.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,241 shares of the information technology service provider’s stock after buying an additional 11,419 shares during the quarter. Fox Run Management L.L.C.’s holdings in Cognizant Technology Solutions were worth $1,680,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CTSH. Brighton Jones LLC purchased a new stake in Cognizant Technology Solutions in the 4th quarter valued at $214,000. Geneos Wealth Management Inc. grew its holdings in Cognizant Technology Solutions by 118.8% in 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 purchased a new stake in Cognizant Technology Solutions in the 1st quarter valued at $142,000. Cresset Asset Management LLC lifted its stake in shares of Cognizant Technology Solutions by 11.4% in the 2nd quarter. Cresset Asset Management LLC now owns 9,160 shares of the information technology service provider’s stock valued at $715,000 after purchasing an additional 935 shares during the last quarter. Finally, Jump Financial LLC lifted its stake in shares of Cognizant Technology Solutions by 231.4% in the 2nd quarter. Jump Financial LLC now owns 29,667 shares of the information technology service provider’s stock valued at $2,315,000 after purchasing an additional 20,716 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Price Performance

CTSH opened at $52.99 on Tuesday. The stock’s 50-day moving average price is $55.49 and its 200 day moving average price is $68.33. Cognizant Technology Solutions Corporation has a 12-month low of $45.48 and a 12-month high of $87.03. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04. The firm has a market cap of $25.11 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 1.12 and a beta of 0.81.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same quarter in the prior year, the company earned $1.23 EPS. Cognizant Technology Solutions’s 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. As a group, sell-side analysts expect that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current year.

Cognizant Technology Solutions declared that its board has initiated a stock buyback 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 shares through open market purchases. Shares buyback programs are generally 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 was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.32 annualized dividend and a yield of 2.5%. Cognizant Technology Solutions’s dividend payout ratio is presently 28.70%.

Wall Street Analysts Forecast Growth

CTSH has been the topic of several recent analyst reports. Guggenheim decreased their price target on Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Wedbush raised Cognizant Technology Solutions from a “neutral” rating to an “outperform” rating and upped their price target for the company from $56.00 to $70.00 in a research note on Monday. Truist Financial initiated coverage on Cognizant Technology Solutions in a research note on Monday, June 1st. They issued a “hold” rating and a $66.00 price target on the stock. BMO Capital Markets decreased their price target on Cognizant Technology Solutions from $83.00 to $63.00 in a research note on Thursday, April 30th. Finally, Nomura upped their price target on Cognizant Technology Solutions from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Eleven investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, Cognizant Technology Solutions has a consensus rating of “Hold” and an average price target of $73.50.

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.