Cognizant Technology Solutions Corporation $CTSH Shares Sold by UMB Bank n.a.

UMB Bank n.a. lessened its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 7.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,896 shares of the information technology service provider’s stock after selling 155 shares during the quarter. UMB Bank n.a.’s holdings in Cognizant Technology Solutions were worth $148,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Invesco Ltd. boosted its holdings in Cognizant Technology Solutions by 13.3% in the 1st quarter. Invesco Ltd. now owns 12,077,445 shares of the information technology service provider’s stock worth $923,925,000 after acquiring an additional 1,422,265 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Cognizant Technology Solutions by 117.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,805,893 shares of the information technology service provider’s stock worth $520,651,000 after acquiring an additional 3,677,145 shares during the period. Wellington Management Group LLP boosted its holdings in Cognizant Technology Solutions by 9.9% in the 1st quarter. Wellington Management Group LLP now owns 6,458,318 shares of the information technology service provider’s stock worth $494,061,000 after acquiring an additional 579,175 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Cognizant Technology Solutions by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,029,067 shares of the information technology service provider’s stock worth $461,169,000 after acquiring an additional 28,646 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Cognizant Technology Solutions by 6.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,648,919 shares of the information technology service provider’s stock worth $355,642,000 after acquiring an additional 275,755 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CTSH shares. Wall Street Zen cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. reduced their target price on Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Evercore ISI initiated coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They set an “outperform” rating and a $100.00 target price for the company. Guggenheim upgraded Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Cognizant Technology Solutions in a research note on Thursday, July 17th. They set a “hold” rating and a $80.00 target price for the company. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $86.79.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH opened at $67.67 on Wednesday. Cognizant Technology Solutions Corporation has a 1-year low of $65.17 and a 1-year high of $90.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41. The business’s fifty day moving average price is $71.59 and its two-hundred day moving average price is $75.13. The firm has a market capitalization of $33.05 billion, a PE ratio of 13.75, a P/E/G ratio of 1.42 and a beta of 0.93.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. The company had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.17 billion. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $1.17 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. On average, research analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 18th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 25.20%.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.