Cognizant Technology Solutions Corporation $CTSH Stock Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. reduced its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 80.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 6,363 shares of the information technology service provider’s stock after selling 25,963 shares during the period. TD Waterhouse Canada Inc.’s holdings in Cognizant Technology Solutions were worth $365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Pzena Investment Management LLC raised its position in shares of Cognizant Technology Solutions by 14.9% in the first quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock valued at $1,243,096,000 after purchasing an additional 2,633,683 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Cognizant Technology Solutions by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,404,918 shares of the information technology service provider’s stock worth $392,947,000 after buying an additional 222,819 shares during the period. Amundi boosted its holdings in shares of Cognizant Technology Solutions by 9.2% during the 1st quarter. Amundi now owns 6,177,881 shares of the information technology service provider’s stock worth $379,013,000 after buying an additional 520,532 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Cognizant Technology Solutions by 925.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,652,358 shares of the information technology service provider’s stock worth $141,456,000 after buying an additional 3,296,205 shares during the period. Finally, Hsbc Holdings PLC grew its stake in Cognizant Technology Solutions by 27.2% in the 1st quarter. Hsbc Holdings PLC now owns 3,471,681 shares of the information technology service provider’s stock valued at $213,004,000 after buying an additional 742,466 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

Key Cognizant Technology Solutions News

Here are the key news stories impacting Cognizant Technology Solutions this week:

• Positive Sentiment: Cognizant launched AI Nexus, a modular platform designed to help enterprises manage AI spending, quality and business outcomes. The product could strengthen the company’s AI-services offering and support demand for its consulting and implementation work. Introducing Cognizant AI Nexus
• Positive Sentiment: The planned acquisition of DyFlex Solutions would add SAP advisory, implementation and managed-services capabilities in Australia and New Zealand, potentially expanding Cognizant’s AI-led enterprise-transformation business. Wedbush said the deal could improve the company’s SAP and AI capabilities. Cognizant to Acquire DyFlex Solutions
• Positive Sentiment: Options activity showed elevated call buying, while several analysts maintain bullish ratings, including Buy or Overweight recommendations. These signals suggest some investors still expect upside.
• Neutral Sentiment: Analysts expect single-digit earnings growth in the upcoming report. However, the median recent price target of $69 is close to the stock’s trading level, indicating limited consensus upside at present.
• Negative Sentiment: Investors are reducing exposure ahead of earnings amid uncertainty about IT-services demand, AI spending and Cognizant’s near-term outlook. Recent commentary also suggests the company may not have the strongest setup for an earnings beat.
• Negative Sentiment: Broader weakness in technology shares and cooling enthusiasm for parts of the AI trade pressured consulting and IT-services companies, weighing on CTSH independently of company-specific developments.
• Negative Sentiment: Insiders reported nine open-market sales and no purchases over the past six months. In addition, a new credit agreement featuring a $550 million term loan and a $1.85 billion revolving facility has drawn attention to capital allocation and leverage.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CTSH shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $70.00 target price (up from $65.00) on shares of Cognizant Technology Solutions in a research report on Friday, September 18th. JPMorgan Chase & Co. dropped their price target on Cognizant Technology Solutions from $74.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Robert W. Baird set a $68.00 price target on Cognizant Technology Solutions in a research note on Thursday, July 30th. Citigroup reaffirmed a “neutral” rating on shares of Cognizant Technology Solutions in a report on Monday. Finally, Royal Bank Of Canada set a $55.00 price objective on Cognizant Technology Solutions in a report on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Cognizant Technology Solutions has an average rating of “Hold” and a consensus price target of $64.70.

Cognizant Technology Solutions Price Performance

CTSH stock opened at $70.54 on Friday. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.11. Cognizant Technology Solutions Corporation has a 12 month low of $37.08 and a 12 month high of $87.03. The firm has a market cap of $31.77 billion, a P/E ratio of 13.38, a P/E/G ratio of 1.38 and a beta of 0.86. The company’s 50-day moving average price is $61.58 and its two-hundred day moving average price is $54.74.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.01). Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The firm had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the previous year, the firm posted $1.31 earnings per share. Cognizant Technology Solutions’s quarterly revenue was up 4.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. On average, analysts anticipate that Cognizant Technology Solutions Corporation will post 5.74 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 18th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.9%. The ex-dividend date was Tuesday, August 18th. Cognizant Technology Solutions’s payout ratio is currently 28.39%.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation is a global information technology services and consulting company that helps organizations modernize their technology infrastructure, operations and customer experiences. The company serves businesses across industries including financial services, healthcare, life sciences, manufacturing, retail and communications.

Cognizant’s services include consulting, application development and modernization, cloud computing, data and artificial intelligence, digital engineering, cybersecurity and business process services.