Corient Private Wealth LLC Has $8.98 Million Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Corient Private Wealth LLC raised its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 44.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 108,131 shares of the information technology service provider’s stock after buying an additional 33,248 shares during the quarter. Corient Private Wealth LLC’s holdings in Cognizant Technology Solutions were worth $8,977,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CTSH. Checchi Capital Advisers LLC increased its position in shares of Cognizant Technology Solutions by 3.4% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,852 shares of the information technology service provider’s stock worth $320,000 after acquiring an additional 127 shares in the last quarter. Unison Advisors LLC boosted its stake in Cognizant Technology Solutions by 0.5% during the 4th quarter. Unison Advisors LLC now owns 30,095 shares of the information technology service provider’s stock valued at $2,498,000 after purchasing an additional 138 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in Cognizant Technology Solutions by 7.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,130 shares of the information technology service provider’s stock worth $177,000 after purchasing an additional 143 shares in the last quarter. Security National Bank of SO Dak increased its holdings in Cognizant Technology Solutions by 0.6% during the 2nd quarter. Security National Bank of SO Dak now owns 24,635 shares of the information technology service provider’s stock worth $1,922,000 after purchasing an additional 150 shares in the last quarter. Finally, Cidel Asset Management Inc. raised its stake in shares of Cognizant Technology Solutions by 3.0% in the fourth quarter. Cidel Asset Management Inc. now owns 5,535 shares of the information technology service provider’s stock worth $459,000 after purchasing an additional 163 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ:CTSH opened at $41.42 on Thursday. The company has a market capitalization of $19.63 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 0.86 and a beta of 0.81. The company’s 50-day moving average is $52.28 and its 200 day moving average is $65.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 2.23. Cognizant Technology Solutions Corporation has a fifty-two week low of $40.77 and a fifty-two week high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. The business had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.41 billion. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.23 earnings per share. 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 declared that its board has approved a stock repurchase plan on Monday, May 18th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the information technology service provider to buy up to 9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

Cognizant Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th were paid 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 3.2%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.70%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CTSH shares. Guggenheim dropped their target price on Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. BMO Capital Markets decreased their price target on Cognizant Technology Solutions from $83.00 to $63.00 in a report on Thursday, April 30th. Wedbush raised Cognizant Technology Solutions from a “neutral” rating to an “outperform” rating and increased their price target for the company from $56.00 to $70.00 in a research report on Monday, June 8th. Berenberg Bank set a $59.00 price objective on Cognizant Technology Solutions and gave the company a “hold” rating in a research note on Wednesday, June 17th. Finally, TD Cowen reaffirmed a “hold” rating and set a $62.00 price objective (down from $71.00) on shares of Cognizant Technology Solutions in a report on Thursday, April 30th. Ten equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, Cognizant Technology Solutions presently has an average rating of “Hold” and an average target price of $70.35.

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.