BI Asset Management Fondsmaeglerselskab A S increased its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH – Free Report) by 281.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 103,289 shares of the information technology service provider’s stock after acquiring an additional 76,185 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Cognizant Technology Solutions were worth $6,928,000 ...

Core Insights - Cognizant Technology Solutions has seen significant institutional investment, with Vanguard Group increasing its holdings by 1.3% to 59,854,530 shares valued at approximately $4.67 billion [1] - The company reported a quarterly earnings per share of $1.39, exceeding the consensus estimate of $1.30, and revenue of $5.42 billion, surpassing the expected $5.32 billion [4] - Analysts have set new price targets for Cognizant, with JPMorgan raising its target from $89.00 to $92.00, and Berenberg Bank setting a target of $107.00 [5] Institutional Ownership - Institutional investors own 92.44% of Cognizant Technology Solutions' stock, indicating strong institutional confidence in the company [1] - AustralianSuper Pty Ltd acquired 65,924 shares valued at approximately $4.42 million during the third quarter [6] Insider Transactions - CEO Ravi Kumar Singisetti sold 2,950 shares at an average price of $85.06, resulting in a 3.77% decrease in his position [2] - Director Michael Patsalos-Fox sold 2,000 shares at an average price of $84.23, representing a 6.30% decrease in his ownership [2] - Insiders sold a total of 27,706 shares valued at $2.32 million over the last quarter, with insiders currently owning 0.32% of the stock [2] Financial Performance - Cognizant's market capitalization stands at $39.61 billion, with a price-to-earnings ratio of 19.04 and a PEG ratio of 1.59 [3] - The company has a debt-to-equity ratio of 0.04, indicating low leverage, and a current ratio of 2.36, suggesting strong liquidity [3] - The stock has a 1-year low of $65.15 and a high of $90.82, reflecting volatility in its price performance [3] Analyst Ratings - The average rating for Cognizant Technology Solutions is "Hold," with nine analysts rating it as a Buy and twelve as a Hold [5] - The average price target for the stock is $90.28, indicating potential upside based on current trading levels [5]

Core Viewpoint - Booz Allen Hamilton Holding Corporation (BAH) reported weak financial results for Q2 of fiscal 2026, leading to multiple analysts reducing their price targets for the stock [2][5]. Financial Performance - Revenue decreased by 8.1% year-over-year to $2.9 billion, while net income fell by 55.1% to $175 million compared to the same period last year [2]. - The company has revised its full-year outlook downward due to a "continued funding slowdown" [2]. Analyst Reactions - Stifel reduced its price target from $119 to $106 while maintaining a Hold rating, noting this was the second time in three months that management's outlook was worse than expected [3]. - Goldman Sachs lowered its price target from $93 to $80 and kept a Sell rating, citing weak financial performance and adverse effects from government funding re-prioritization [5]. - UBS also cut its price target from $115 to $93, maintaining a Neutral rating on the stock [6]. Market Environment - Analysts indicated that while the market environment for government services is not worsening, it remains far from normalizing for Booz Allen [4]. - There is ongoing volatility and uncertainty in the market, prompting analysts to favor stocks that are not experiencing similar declines [4][6].