Cognizant (CTSH) reported third-quarter 2026 revenue of $5.664 billion, up 4.6% year over year, and GAAP net income of $627 million, compared with $274 million a year earlier. GAAP diluted earnings per share was $1.39, compared with $0.56 in the prior-year quarter.
The company revised its 2026 constant-currency revenue growth outlook to 4.0% to 4.4% and projected full-year revenue of $22.05 billion to $22.14 billion.
- Financial Services revenue rose 12.0% year over year to $1.767 billion.
- GAAP operating margin was 15.4%, down 60 basis points year over year.
- Trailing 12-month bookings increased 4% to $28.7 billion; third-quarter bookings declined 7% year over year.
- Cognizant repurchased 4.9 million shares for $258 million during the quarter and declared a $0.33 quarterly dividend.
- Third-quarter operating cash flow totaled $1.836 billion, while free cash flow was $1.582 billion.
$CTSH Insider Trading Activity
$CTSH insiders have traded $CTSH stock on the open market 9 times in the past 6 months. Of those trades, 0 have been purchases and 9 have been sales.
Here’s a breakdown of recent trading of $CTSH stock by insiders over the last 6 months:
- JATIN P DALAL (Chief Financial Officer) sold 12,000 shares for an estimated $669,168
- JOHN SUNSHIN KIM (CLO, CAO & Corporate Secretary) has made 0 purchases and 2 sales selling 5,000 shares for an estimated $301,055.
- ALINA KERDMAN (SVP, Controller & CAO) has made 0 purchases and 6 sales selling 848 shares for an estimated $45,448.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$CTSH Hedge Fund Activity
We have seen 495 institutional investors add shares of $CTSH stock to their portfolio, and 516 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JPMORGAN CHASE & CO added 14,952,942 shares (+inf%) to their portfolio in Q2 2026, for an estimated $579,127,443
- SG AMERICAS SECURITIES, LLC added 6,957,414 shares (+4285.9%) to their portfolio in Q2 2026, for an estimated $269,460,644
- PZENA INVESTMENT MANAGEMENT LLC added 6,266,810 shares (+30.9%) to their portfolio in Q2 2026, for an estimated $242,713,551
- WELLINGTON MANAGEMENT GROUP LLP removed 4,639,888 shares (-95.6%) from their portfolio in Q2 2026, for an estimated $179,702,862
- MORGAN STANLEY removed 4,323,996 shares (-32.6%) from their portfolio in Q2 2026, for an estimated $167,468,365
- MILLENNIUM MANAGEMENT LLC added 3,925,570 shares (+851.3%) to their portfolio in Q2 2026, for an estimated $152,037,326
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 3,743,951 shares (+inf%) to their portfolio in Q2 2026, for an estimated $145,003,222
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
