Spire Wealth Management Has $6.06 Million Stock Holdings in Cognizant Technology Solutions Corporation $CTSH

Spire Wealth Management grew its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 16,271.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,018 shares of the information technology service provider’s stock after purchasing an additional 72,572 shares during the quarter. Spire Wealth Management’s holdings in Cognizant Technology Solutions were worth $6,061,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Security National Bank of SO Dak raised its holdings in Cognizant Technology Solutions by 0.6% in the 3rd quarter. Security National Bank of SO Dak now owns 24,785 shares of the information technology service provider’s stock worth $1,662,000 after acquiring an additional 150 shares during the period. Haven Private LLC boosted its holdings in Cognizant Technology Solutions by 1.9% during the third quarter. Haven Private LLC now owns 8,451 shares of the information technology service provider’s stock valued at $567,000 after acquiring an additional 157 shares during the period. Uncommon Cents Investing LLC grew its position in shares of Cognizant Technology Solutions by 2.0% in the third quarter. Uncommon Cents Investing LLC now owns 8,400 shares of the information technology service provider’s stock valued at $563,000 after purchasing an additional 165 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Cognizant Technology Solutions by 3.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,846 shares of the information technology service provider’s stock valued at $325,000 after purchasing an additional 174 shares during the last quarter. Finally, WealthCollab LLC increased its stake in shares of Cognizant Technology Solutions by 37.1% in the third quarter. WealthCollab LLC now owns 643 shares of the information technology service provider’s stock worth $43,000 after purchasing an additional 174 shares during the period. 92.44% of the stock is owned by institutional investors.

Cognizant Technology Solutions Stock Down 1.7%

CTSH stock opened at $59.73 on Friday. Cognizant Technology Solutions Corporation has a twelve month low of $58.83 and a twelve month high of $87.03. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.04. The company has a market cap of $28.57 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 1.30 and a beta of 0.99. The business’s 50-day simple moving average is $69.30 and its 200 day simple moving average is $73.10.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 EPS for the quarter, beating the consensus estimate of $1.32 by $0.03. Cognizant Technology Solutions had a return on equity of 17.17% and a net margin of 10.56%.The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.31 billion. During the same quarter in the prior year, the firm posted $1.21 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. On average, research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Wednesday, February 18th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.2%. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, February 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 29.01%.

Insiders Place Their Bets

In other Cognizant Technology Solutions news, insider Surya Gummadi sold 1,728 shares of Cognizant Technology Solutions stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $83.06, for a total transaction of $143,527.68. Following the sale, the insider owned 25,641 shares in the company, valued at $2,129,741.46. The trade was a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Patsalos-Fox sold 2,000 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $84.23, for a total transaction of $168,460.00. Following the completion of the transaction, the director owned 29,729 shares of the company’s stock, valued at approximately $2,504,073.67. This represents a 6.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 6,859 shares of company stock worth $575,460 in the last quarter. Corporate insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CTSH. Royal Bank Of Canada increased their target price on Cognizant Technology Solutions from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Thursday, February 5th. Argus raised Cognizant Technology Solutions to a “hold” rating in a research report on Tuesday, February 10th. Susquehanna reiterated a “positive” rating and set a $98.00 price target on shares of Cognizant Technology Solutions in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Monday, January 26th. Finally, TD Cowen dropped their target price on shares of Cognizant Technology Solutions from $85.00 to $71.00 and set a “hold” rating on the stock in a research report on Friday, March 13th. Nine equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $88.78.

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.