21,512 Shares in Cognizant Technology Solutions Corporation $CTSH Acquired by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC bought a new position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the first quarter, Holdings Channel reports. The fund bought 21,512 shares of the information technology service provider’s stock, valued at approximately $1,320,000.

Several other institutional investors also recently modified their holdings of the stock. JPL Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions during the 3rd quarter worth $25,000. Lodestone Wealth Management LLC acquired a new stake in shares of Cognizant Technology Solutions during the fourth quarter worth $28,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Cognizant Technology Solutions during the fourth quarter valued at $28,000. Physician Wealth Advisors Inc. boosted its position in shares of Cognizant Technology Solutions by 165.1% in the 4th quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock valued at $28,000 after purchasing an additional 213 shares during the period. Finally, Prosperity Bancshares Inc acquired a new position in shares of Cognizant Technology Solutions in the 4th quarter valued at $29,000. Institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Truist Financial assumed coverage on Cognizant Technology Solutions in a report on Monday, June 1st. They set a “hold” rating and a $66.00 price objective on the stock. Robert W. Baird set a $72.00 price target on shares of Cognizant Technology Solutions and gave the company a “neutral” rating in a report on Friday, April 10th. Dbs Bank decreased their price objective on shares of Cognizant Technology Solutions from $80.00 to $66.00 in a research note on Thursday, May 7th. UBS Group cut their target price on shares of Cognizant Technology Solutions from $60.00 to $55.00 in a research note on Monday, May 11th. Finally, Nomura raised their target price on Cognizant Technology Solutions from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Ten research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $69.70.

Cognizant Technology Solutions Trading Down 0.0%

Cognizant Technology Solutions stock opened at $38.73 on Wednesday. Cognizant Technology Solutions Corporation has a 12 month low of $37.08 and a 12 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 cap of $18.35 billion, a P/E ratio of 8.42, a P/E/G ratio of 0.82 and a beta of 0.81. The company’s fifty day simple moving average is $50.57 and its 200-day simple moving average is $64.69.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data 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 business had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.41 billion. During the same period last year, the company earned $1.23 earnings per share. Cognizant Technology Solutions’s quarterly revenue was up 5.8% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, sell-side analysts forecast that Cognizant Technology Solutions Corporation will post 5.7 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were paid a $0.33 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.32 annualized dividend and a dividend yield of 3.4%. Cognizant Technology Solutions’s payout ratio is presently 28.70%.

Cognizant Technology Solutions declared that its Board of Directors has approved a stock buyback program 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 programs are generally an indication that the company’s leadership believes its stock is undervalued.

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.