Cognizant Technology Solutions Co. (NASDAQ:CTSH) Shares Sold by Fifth Third Bancorp
Posted by MarketBeat News on Jan 29th, 2025
Fifth Third Bancorp trimmed its holdings in shares of  Cognizant Technology Solutions Co. ( NASDAQ:CTSH – Free Report ) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,985 shares of the information technology service provider’s stock after selling 425 shares during the period. Fifth Third Bancorp’s holdings in Cognizant Technology Solutions were worth $1,229,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Assenagon Asset Management S.A. increased its stake in  Cognizant Technology Solutions by 276.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,588,528 shares of the information technology service provider’s stock valued at $122,603,000 after buying an additional 1,167,033 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of  Cognizant Technology Solutions by 146.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,644,723 shares of the information technology service provider’s stock valued at $126,940,000 after acquiring an additional 978,579 shares during the period. ING Groep NV raised its holdings in  Cognizant Technology Solutions by 61.5% during the third quarter. ING Groep NV now owns 2,478,364 shares of the information technology service provider’s stock worth $191,280,000 after purchasing an additional 943,372 shares in the last quarter. State Street Corp lifted its position in  Cognizant Technology Solutions by 3.6% in the third quarter. State Street Corp now owns 24,985,816 shares of the information technology service provider’s stock worth $1,928,405,000 after purchasing an additional 867,176 shares during the period. Finally, Mizuho Markets Americas LLC bought a new position in  Cognizant Technology Solutions during the 3rd quarter valued at $61,744,000. 92.44% of the stock is currently owned by institutional investors. Get Cognizant Technology Solutions alerts:
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on CTSH shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Robert W. Baird upped their price target on shares of Cognizant Technology Solutions from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. StockNews.com cut shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Barclays raised shares of Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $80.00 to $95.00 in a research note on Tuesday, December 17th. Finally, Mizuho lifted their price target on shares of Cognizant Technology Solutions from $83.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $81.19. Want More Great Investing Ideas? Insider Transactions at Cognizant Technology Solutions
In related news, CAO John Sunshin Kim sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $80.11, for a total value of $400,550.00. Following the completion of the sale, the chief accounting officer now directly owns 39,022 shares in the company, valued at approximately $3,126,052.42. The trade was a 11.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . 0.26% of the stock is currently owned by company insiders. Cognizant Technology Solutions Price Performance
NASDAQ CTSH opened at $80.96 on Wednesday. The firm has a market capitalization of $40.14 billion, a price-to-earnings ratio of 17.91, a price-to-earnings-growth ratio of 2.06 and a beta of 1.07. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.23 and a quick ratio of 2.23. The company has a 50 day simple moving average of $78.85 and a 200-day simple moving average of $77.05. Cognizant Technology Solutions Co. has a 52-week low of $63.79 and a 52-week high of $82.46. Cognizant Technology Solutions ( NASDAQ:CTSH – Get Free Report ) last issued its earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.10. The company had revenue of $5.04 billion for the quarter, compared to analyst estimates of $4.99 billion. Cognizant Technology Solutions had a return on equity of 17.08% and a net margin of 11.60%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 EPS. Equities research analysts predict that  Cognizant Technology Solutions Co. will post 4.66 earnings per share for the current fiscal year. About Cognizant Technology Solutions

Cognizant Technology Solutions Co. (NASDAQ:CTSH) Shares Sold by Fifth Third Bancorp

Wealth Management LLC Sells 166 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)
Posted by MarketBeat News on Jan 26th, 2025
Bartlett & CO. Wealth Management LLC lessened its stake in shares of  Cognizant Technology Solutions Co. ( NASDAQ:CTSH – Free Report ) by 20.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor  owned 666 shares of the information technology service provider’s stock after selling 166 shares during the quarter. Wealth Management LLC’s holdings in Cognizant Technology Solutions were worth $51,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also made changes to their positions in the company. Addison Advisors LLC increased its position in shares of  Cognizant Technology Solutions by 127.7% during the third quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider’s stock worth $26,000 after purchasing an additional 189 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in  Cognizant Technology Solutions during the 3rd quarter worth $30,000. Trust Co. of Vermont increased its position in  Cognizant Technology Solutions by 188.4% during the 4th quarter. Trust Co. of Vermont now owns 447 shares of the information technology service provider’s stock valued at $34,000 after buying an additional 292 shares in the last quarter. Pinnacle Bancorp Inc. raised its stake in  Cognizant Technology Solutions by 47.4% in the third quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider’s stock valued at $35,000 after buying an additional 146 shares during the last quarter. Finally, Eastern Bank acquired a new stake in  Cognizant Technology Solutions in the third quarter worth about $37,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors. Get Cognizant Technology Solutions alerts:
Insider Activity at Cognizant Technology Solutions
In other news, CAO John Sunshin Kim sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $80.11, for a total transaction of $400,550.00. Following the completion of the sale, the chief accounting officer now owns 39,022 shares of the company’s stock, valued at $3,126,052.42. This represents a 11.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . 0.26% of the stock is owned by corporate insiders. Wall Street Analyst Weigh In
Want More Great Investing Ideas? Cognizant Technology Solutions Price Performance
Shares of NASDAQ CTSH opened at $80.05 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a market cap of $39.69 billion, a PE ratio of 17.71, a PEG ratio of 2.06 and a beta of 1.07. Cognizant Technology Solutions Co. has a one year low of $63.79 and a one year high of $82.46. The firm has a fifty day moving average of $78.76 and a 200 day moving average of $76.83. Cognizant Technology Solutions ( NASDAQ:CTSH – Get Free Report ) last released its quarterly earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.10. Cognizant Technology Solutions had a net margin of 11.60% and a return on equity of 17.08%. The firm had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, research analysts predict that  Cognizant Technology Solutions Co. will post 4.66 EPS for the current fiscal year. Cognizant Technology Solutions Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.50%. The ex-dividend date  was Tuesday, November 19th. Cognizant Technology Solutions’s payout ratio is 26.55%. Cognizant Technology Solutions Profile

Bartlett & CO. Wealth Management LLC Sells 166 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Ballentine Partners LLC Increases Stake in Cognizant Technology Solutions Co. (NASDAQ:CTSH)
Posted by MarketBeat News on Jan 24th, 2025
Ballentine Partners LLC boosted its stake in  Cognizant Technology Solutions Co. ( NASDAQ:CTSH – Free Report ) by 11.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,663 shares of the information technology service provider’s stock after buying an additional 789 shares during the period. Ballentine Partners LLC’s holdings in Cognizant Technology Solutions were worth $589,000 at the end of the most recent reporting period. Several other large investors have also bought and sold shares of CTSH. Addison Advisors LLC lifted its stake in shares of  Cognizant Technology Solutions by 127.7% in the 3rd quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider’s stock valued at $26,000 after purchasing an additional 189 shares during the period. Ashton Thomas Securities LLC purchased a new position in  Cognizant Technology Solutions during the third quarter valued at $30,000. Trust Co. of Vermont grew its position in shares of  Cognizant Technology Solutions by 188.4% in the 4th quarter. Trust Co. of Vermont now owns 447 shares of the information technology service provider’s stock worth $34,000 after buying an additional 292 shares during the period. Pinnacle Bancorp Inc. increased its stake in shares of  Cognizant Technology Solutions by 47.4% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider’s stock worth $35,000 after acquiring an additional 146 shares in the last quarter. Finally, Eastern Bank purchased a new position in  Cognizant Technology Solutions during the 3rd quarter valued at about $37,000. 92.44% of the stock is owned by institutional investors. Get Cognizant Technology Solutions alerts:
Analysts Set New Price Targets
CTSH has been the subject of a number of analyst reports. TD Cowen raised their target price on shares of Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Robert W. Baird raised their price objective on Cognizant Technology Solutions from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Barclays raised Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $80.00 to $95.00 in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft raised their price target on Cognizant Technology Solutions from $70.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Finally, Needham & Company LLC  reissued a “hold” rating on shares of Cognizant Technology Solutions in a research report on Thursday, October 31st. Fifteen analysts have rated the stock with a hold rating and four have assigned  a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $81.19. Want More Great Investing Ideas? Insider Transactions at Cognizant Technology Solutions
In related news, CAO John Sunshin Kim sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $80.11, for a total transaction of $400,550.00. Following the completion of the transaction, the chief accounting officer now directly owns 39,022 shares in the company, valued at approximately $3,126,052.42. The trade was a 11.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link . 0.26% of the stock is currently owned by company insiders. Cognizant Technology Solutions Stock Up 0.8 %
Cognizant Technology Solutions stock opened at $79.68 on Friday. The stock has a market cap of $39.51 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 2.05 and a beta of 1.07. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a fifty day moving average of $78.73 and a 200 day moving average of $76.73. Cognizant Technology Solutions Co. has a one year low of $63.79 and a one year high of $82.46. Cognizant Technology Solutions ( NASDAQ:CTSH – Get Free Report ) last issued its quarterly earnings data on Wednesday, October 30th. The information technology service provider reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.10. The firm had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Cognizant Technology Solutions had a net margin of 11.60% and a return on equity of 17.08%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.16 EPS. As a group, sell-side analysts predict that  Cognizant Technology Solutions Co. will post 4.66 EPS for the current year. Cognizant Technology Solutions Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 19th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date  was Tuesday, November 19th. Cognizant Technology Solutions’s payout ratio is 26.55%. Cognizant Technology Solutions Company Profile

Ballentine Partners LLC Increases Stake in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

PHILADELPHIA, June 14, 2016 /PRNewswire/ -- Berger & Montague, P.C., Lichten & Liss-Riordan, P.C., and Wexler Wallace LLP announce that Technology Solutions, Inc. ("TSI") has paid $40,000.00 to a former Cable Installation Technician as compensation for unpaid overtime wages and other improperly withheld compensation, in connection with a lawsuit filed in the United States District Court for the Central District of California, McKnight v. Technology Solutions, Inc., 5:16-cv-00170 (C.D. Cal.). The Cable Installation Technician alleged that TSI violated the federal Fair Labor Standards Act ("FLSA") and California state laws by illegally misclassifying its Cable Installation Technicians as independent contractors instead of employees. The Cable Installation Technician alleged that TSI made illegal deductions from his and other Cable Installation Technician's pay checks and withheld overtime wages owed for working more than 40 hours a week. In response, TSI agreed to pay $40,000 plus reasonable attorneys' fees and costs and offered to have judgment entered against it to avoid challenging the claims or litigating the case. Judgment was entered against TSI on June 9, 2016. Plaintiff McKnight is represented by Shanon J. Carson, Sarah R. Schalman-Bergen, and Alexandra K. Piazza of Berger & Montague, P.C. ; Harold Lichten of Lichten & Liss-Riordan, P.C. ; Edward A. Wallace of Wexler Wallace LLP; and Robert Starr and Adam Rose of Law Office of Robert Starr. "This lawsuit is another unfortunate example of employers attempting to take advantage of their workers by misclassifying them as independent contractors instead of employees, in an effort to avoid paying rightfully owed compensation and benefits," said Sarah Schalman-Bergen of Berger & Montague. "Berger & Montague and our co-counsel aggressively litigate these cases, and we hope that this judgment sends a message to TSI and other employers that they must properly classify their workforce," Ms. Schalman-Bergen explained. The firms representing Plaintiff have extensive experience in litigating wage and hour cases involving the failure to pay wages and other compensation. Please visit any of the firms' websites, www.bergermontague.com , www.llrlaw.com , and www.wexlerwallace.com for more information. You may also contact Alexandra K. Piazza at apiazza@bm.net or (215) 875-3033.

Technology Solutions, Inc. To Pay Cable Installation Technician Forty Thousand Dollars For Improperly Withheld Wages And Payroll Deductions

08:40 ET     from Soaring Pine Capital
BIRMINGHAM, Mich., May 20, 2016 /PRNewswire/ -- Soaring Pine Capital (Soaring Pine), a Simon Group Holdings company, is pleased to announce the purchase of Technology Solutions, Inc. (Technology Solutions) based in Chicago, Illinois, by Soaring Pine Capital Growth Fund I. In partnership with two cable/wireless industry veterans, Jerry McCoy and William (Bill) Fenton, Soaring Pine will provide support to the management team and leverage its resources to oversee the growth and expansion of Technology Solutions throughout the U.S.  Technology Solutions will roll up to a holding company called Tikoo Solutions LLC owned by Soaring Pine Capital Growth Fund I, the management team and John Urso, Technology Solution's Founder. Logo - http://photos.prnewswire.com/prnh/20160519/370027LOGO
Soaring Pine funded the transaction through a combination of equity, mezzanine, and senior debt (along with equity from management and seller rollover equity) to provide a robust foundation for growth. Jerry McCoy will serve as CEO of the newly-formed entity and Bill Fenton will serve as COO. "Soaring Pine is delighted to be working with an exceptional team of seasoned veterans," said Sam Simon, the Managing Member of Soaring Pine who will also serve as Chairman of the new holding company. "The cable industry is undergoing dramatic changes with cable operators projected to spend billions in the next five years on infrastructure upgrades," said Jerry McCoy. "In addition, cable operators are relying more heavily on third-party field services (outsourcing) which provides a great opportunity for growth for companies like Technology Solutions. "
Technology Solutions provides fulfillment and construction services to all major multiple system operators (MSO's) throughout the U.S. and currently is working in 12 states. Working with John Urso, the new team will leverage the successful foundation that he created by expanding the company's footprint and branching out into new geographies. Technology Solutions and its executive leadership team fit well within Soaring Pine's goal of backing championship-caliber management teams. Technology Solutions will join Vesta Housing Solutions, a modular housing provider, along with Vixta Solutions, a provider of strategic technology consulting, digital platforms and smart enterprise solutions. Soaring Pine Capital is based in Birmingham, Michigan and is focused on investment opportunities in the following principal areas:
Midwest lower middle-market companies. Soaring Pine pursues a value-add investment and growth strategy that combines the talents of a highly experienced investment team with the proven day-to-day performance excellence of industry leading operating partners. Soaring Pine leverages the resources of Soaring Pine Capital Series of Funds, a series of committed private equity and real estate funds whose capital comes from a network of successful entrepreneurial families, including Sam Simon, founder of Soaring Pine and Atlas Oil Company (1984). A variety of real estate assets including undervalued commercial real estate, multi-family properties, self-storage units, and troubled loans secured by commercial real estate in addition to special situations through its Soaring Pine Capital Real Estate and Debt Funds. For more information, please contact either Michael Evans, EVP/COO of Simon Group Holdings (313-662-3504 or via Email ) or Paul Schapira, Vice President of Soaring Pine Capital (313-662-3692 or Email ). To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/soaring-pine-capital-finances-acquisition-of-technology-solutions-inc-300272087.html
SOURCE  Soaring Pine Capital

Soaring Pine Capital Finances Acquisition of Technology Solutions, Inc.

KPMG operates as a global network of professional firms specializing in audit, tax, and advisory services across various sectors. The company offers a broad range of services, including financial auditing, tax planning and compliance, business advisory, and consulting on sustainability, risk management, and regulatory issues. KPMG primarily serves industries such as healthcare, financial services, government, and public sector organizations. It was founded in 1987 and is based in London, United Kingdom.

KPMG

`` We 've combined the capabilities of existing Innovation Labs , Insights Centers , and Technology Solutions across our network to provide clients an environment where they can pressure-test new ideas , engage in unconstrained thinking exercises , and experiment with the latest technologies available to produce tangible results and drive change , '' added John Farrell , KPMG LLP 's national managing partner of Innovation & Enterprise Solutions .

KPMG Ignition Sparks Innovation For Clients

Sam  Simon

Acq - Fin

Technology Solutions is a full service construction and installation contractor serving the cable, telephony and telecommunication industries.

Date	5/13/2016
Round	Acq - Fin
Amount
Investors	Soaring Pine Captial
Valuation	$XXM
Revenue	0 FY undefined
Sources	1

First funding	5/13/2016
Last Funding	5/13/2016
Investor	Soaring Pine Captial
Rounds	1 Acq - Fin
Board Seats	Sam Simon
Type	Private Equity
Location	Michigan

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Technology Solutions

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Technology Solutions Investors