Pzena Investment Management Adds $134M in Cognizant Technology Solutions Corporation ($CTSH)
Key Points
- Pzena Investment Management changed its Cognizant Technology Solutions Corporation ($CTSH) stake by 14.9% last quarter, boosting to 20,262,362 shares worth $1.03 billion.
- Wall Street's consensus rating on $CTSH is Buy and an average price target of $72.29.
- $CTSH last traded around $51.00.
Pzena Investment Management increased its position in Cognizant Technology Solutions Corporation ($CTSH) by 14.9% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,262,362 shares of Cognizant Technology Solutions Corporation after buying 2,633,683 shares during the quarter. Pzena Investment Management's holdings in Cognizant Technology Solutions Corporation were worth $1.03 billion as of its most recent filing.
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About Cognizant Technology Solutions Corporation
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. The company provides services including artificial intelligence (AI) and other technology services and solutions, consulting, application development, systems integration, quality engineering and assurance, engineering research and development, application maintenance, infrastructure, security, and business process services and automation. It also offers AI-led automation, which includes advisory, and process and IT automation solutions designed to simplify and accelerate automation adoption; business process outsourcing services, which help deliver business outcomes including revenue growth, increased customer and employee satisfaction, and cost savings; and Cognizant Moment, a digital experience service that uses AI to reimagine customer experiences and engineer strategies aimed at driving growth. In addition, the company develops, licenses, implements, and supports proprietary and third-party software products and platforms; and develops industry-specific products and services. It offers solution to healthcare providers and payers, life sciences companies, banking, capital markets, payments and insurance companies, manufacturers, automakers, retailers, consumer goods, travel and hospitality, communications, media and entertainment, education, information services, and technology companies, as well as businesses providing logistics, energy, and utility services. The company has a strategic partnership with Uniphore Technologies Inc. for the development of AI solutions that combine small language models and AI agents. Cognizant Technology Solutions Corporation was incorporated in 1988 and is headquartered in Teaneck, New Jersey.
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