Cognizant Technology Solutions (CTSH) received a Form 144 notice covering a proposed sale of 12,000 shares of common stock through Morgan Stanley Smith Barney LLC Executive Financial Services. The shares have an aggregate market value of $664,200.00 and are associated with equity awards, including performance stock units and restricted stock units granted on earlier dates.
Cognizant Technology Solutions reported Q2 2026 revenues of $5,481 million, up 4.5% year over year (4.1% in constant currency), driven by large deal ramp-ups, growing demand for AI and automation services, and higher sales of third-party products. GAAP operating margin edged up to 15.9%, while net income was $636 million and diluted EPS $1.36.
In 2026 the company accelerated its AI-focused strategy, closing the 3Cloud and Astreya acquisitions for a combined $1,393 million and launching Project Leap, a restructuring and investment program with expected 2026 costs of $230–$320 million and anticipated savings of $200–$300 million. Q2 included $84 million of Project Leap charges and an $81 million benefit from partially reversing a 2019 India Defined Contribution Obligation. Cash from operations for the first half reached $832 million; cash and equivalents were $1,038 million, alongside $1,527 million of long-term debt after a $1,000 million revolving credit draw. Shareholder returns remained significant, with $1,607 million of buybacks in the first half, including a $500 million accelerated share repurchase in Q2, and quarterly dividends of $0.33 per share.
Cognizant Technology Solutions reported second quarter 2026 results with revenue of $5.5 billion ($5,481 million), up 4.5% year over year, or 4.1% in constant currency. GAAP operating margin was 15.9% and Adjusted Operating Margin was 16.0%, expanding 30 and 40 basis points, respectively. GAAP diluted EPS was $1.36 and Adjusted Diluted EPS was $1.37, up 3.8% and 4.6%.
Trailing‑twelve‑month bookings reached $29.1 billion, a 5% increase and a book‑to‑bill ratio of about 1.3x, while second‑quarter bookings declined 6%. Financial Services, the largest segment, delivered $1,733 million of revenue and 12.0% year‑over‑year growth, with other segments and regions growing at low single‑digit rates.
Operating cash flow in the quarter was $558 million and free cash flow was $459 million. Cognizant repurchased 22.5 million shares for $1,153 million and paid $157 million in dividends, leaving $2.3 billion available under its repurchase authorization. Management now expects full‑year 2026 revenue of $22.04–$22.35 billion, Adjusted Operating Margin of 16.0–16.2%, and Adjusted Diluted EPS of $5.70–$5.82, implying 8–10% adjusted EPS growth.
Pzena Investment Management, LLC reports beneficial ownership of 26,844,745 shares of Cognizant Technology Solutions Corp common stock, representing 5.7% of the class. The position gives Pzena sole voting power over 20,970,336 shares and sole dispositive power over all 26,844,745 shares.
The shares are held on behalf of Pzena's clients, who have the right to receive dividends and sale proceeds, and no individual client has an interest in more than five percent of the class.
Invesco Ltd., a Bermuda-based parent of multiple investment advisers, reports beneficial ownership of 28,129,017 shares of Cognizant Technology Solutions Corp. common stock, representing 5.9 % of the class for the reported date March 31, 2026.
Invesco has sole voting power over 27,766,517 shares and sole dispositive power over 28,129,017 shares, with no shared voting or dispositive power. The shares are held of record by Invesco’s advisory clients, and no single client has greater than 5% economic ownership of these securities.
Cognizant Technology Solutions Corporation reported that a U.S. District Court has preliminarily approved a proposed settlement of a long-running stockholder derivative action related to alleged historical conduct at the company. Under the stipulation, the company’s directors’ and officers’ insurers would pay $5.5 million to Cognizant, subject to court approval and less any court-approved attorneys’ fees and expenses. The settlement, which Defendants enter without admitting wrongdoing, would release derivative claims in exchange for this insurer-funded payment and mutual releases. A settlement hearing is scheduled for September 14, 2026, and current stockholders as of November 25, 2025 may object by written submission by August 31, 2026.
Cognizant Technology Solutions SVP, Controller & CAO Alina Kerdman reported routine equity compensation activity and a small open-market sale. She exercised 207 restricted stock units (RSUs), receiving the same number of Class A Common shares as part of a vesting installment from an award granted on July 1, 2025.
Of these shares, 68 were withheld to cover taxes and 137 were sold at $39.82 per share in an open-market transaction executed under a pre-arranged Rule 10b5-1 trading plan. Following these transactions, she holds 992 Class A Common shares directly and 830 RSUs that remain outstanding from the original 1,864-unit grant.
Morgan Stanley Smith Barney LLC submitted a Form 144 notice relating to CTSH securities to report sales under trading plans. The filing lists a Restricted Stock Units grant dated 04/01/2026 and multiple 10b5-1 sales attributed to Alina Kerdman on 04/02/2026, 05/18/2026, 06/01/2026, and 06/15/2026.
COGNIZANT TECHNOLOGY SOLUTIONS CORP senior executive Alina Kerdman, SVP, Controller & CAO, reported compensation-related equity activity and a small share sale in Class A Common Stock. On June 15, 2026, 199 restricted stock units vested into an equal number of shares under a March 3, 2025 RSU grant.
Of these shares, 65 were withheld to cover applicable taxes, and 133 shares were sold in an open-market transaction at $51.70 per share. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2025, indicating the timing was set in advance.
Following these transactions, Kerdman held 990 shares of Class A Common Stock directly, along with 1,397 remaining RSUs from the original 2,394-unit award that is scheduled to vest in quarterly installments through March 15, 2028.
Cognizant Technology Solutions’ Chief Financial Officer, Jatin P. Dalal, reported routine equity compensation activity involving restricted stock units (RSUs). On June 15, 2026, RSUs granted on March 3, 2025 under the 2023 Incentive Award Plan vested in scheduled quarterly installments.
The filing shows the conversion of a total of 2,494 RSUs into an equal number of Class A common shares and the withholding of 1,346 shares of Class A common stock to cover applicable taxes at an indicated price of $52.17 per share. After these transactions, Dalal directly held 58,111 shares of Class A common stock and continued to hold additional unvested RSUs that are scheduled to vest through March 15, 2028.