Robeco Institutional Asset Management B.V. Sells 10,090 Shares of Cognizant Technology Solutions Corporation $CTSH
by Renee Jackson · The Cerbat GemRobeco Institutional Asset Management B.V. cut its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH – Free Report) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 445,680 shares of the information technology service provider’s stock after selling 10,090 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.09% of Cognizant Technology Solutions worth $36,991,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in CTSH. CIBC Bancorp USA Inc. bought a new position in Cognizant Technology Solutions during the 3rd quarter valued at about $201,834,000. Voloridge Investment Management LLC grew its holdings in Cognizant Technology Solutions by 801.4% during the 3rd quarter. Voloridge Investment Management LLC now owns 2,104,276 shares of the information technology service provider’s stock valued at $141,134,000 after purchasing an additional 1,870,834 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Cognizant Technology Solutions by 144.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,631,890 shares of the information technology service provider’s stock valued at $176,521,000 after purchasing an additional 1,554,648 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Cognizant Technology Solutions by 59.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,778,252 shares of the information technology service provider’s stock valued at $253,407,000 after purchasing an additional 1,407,776 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Cognizant Technology Solutions by 8.6% during the 3rd quarter. Invesco Ltd. now owns 12,534,198 shares of the information technology service provider’s stock valued at $840,669,000 after purchasing an additional 987,395 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other news, insider Surya Gummadi sold 1,728 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $83.06, for a total value of $143,527.68. Following the completion of the sale, the insider owned 25,641 shares of the company’s stock, valued at approximately $2,129,741.46. This represents a 6.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several equities analysts recently commented on CTSH shares. Deutsche Bank Aktiengesellschaft upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Monday, January 26th. 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. Berenberg Bank set a $107.00 price target on shares of Cognizant Technology Solutions and gave the company a “buy” rating in a report on Thursday, January 22nd. 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. Finally, TD Cowen cut their price target on shares of Cognizant Technology Solutions from $85.00 to $71.00 and set a “hold” rating on the stock in a report on Friday, March 13th. Nine equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, Cognizant Technology Solutions has an average rating of “Hold” and an average price target of $85.47.
Check Out Our Latest Stock Analysis on Cognizant Technology Solutions
Cognizant Technology Solutions Price Performance
Shares of CTSH stock opened at $60.53 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.14 and a quick ratio of 2.14. The company has a market capitalization of $28.95 billion, a P/E ratio of 13.30, a P/E/G ratio of 1.26 and a beta of 0.98. The company’s 50-day simple moving average is $64.31 and its two-hundred day simple moving average is $72.53. Cognizant Technology Solutions Corporation has a one year low of $57.39 and a one year high of $87.03.
Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) last issued its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. The business had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.31 billion. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.21 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. As a group, equities analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.
Cognizant Technology Solutions Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th were paid a $0.33 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.2%. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. Cognizant Technology Solutions’s payout ratio is currently 29.01%.
Cognizant Technology Solutions Company 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.
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