Wed Sep 25 09:50:44 UTC 2024: ## Cognizant Technology Solutions Sees Mixed Investor Activity: Xponance Reduces Stake, Others Increase

**New York, September 25, 2024** – While several institutional investors are increasing their holdings in Cognizant Technology Solutions (CTSH), Xponance Inc. has trimmed its position in the information technology service provider.

According to Holdings Channel, Xponance reduced its stake in CTSH by 1.4% during the second quarter, selling 960 shares. Their remaining holding of 67,153 shares is currently valued at $4,566,000.

Meanwhile, a number of other funds have increased their positions. Vanguard Group Inc. boosted its stake by 17% in the fourth quarter, bringing its total holdings to 51,111,915 shares valued at $3,860,483,000. Other notable increases include Cibc World Market Inc. (up 19,850.5%), Pzena Investment Management LLC (up 11.7%), Cibc World Markets Corp (up 1,861.7%), and KBC Group NV (up 2,083.8%).

Institutional investors currently own 92.44% of CTSH stock.

In related news, CEO Ravi Kumar Singisetti sold 6,728 shares of the company’s stock on August 6th, for a total transaction of $495,584.48.

CTSH stock opened at $76.04 on Wednesday. The company’s earnings report for the quarter ending July 31st showed $1.17 earnings per share, exceeding analyst estimates. Revenue for the quarter reached $4.85 billion, slightly ahead of expectations. Cognizant also announced a quarterly dividend of $0.30 per share, payable on August 28th.

Analysts are forecasting earnings per share of 4.62 for the current fiscal year.

Read More