Vanguard Amends Cognizant Stake to 10.1% as of Dec 29, 2023

TL;DR

**Vanguard still owns 10.1% of Cognizant, showing continued institutional confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on January 10, 2024, disclosing its ownership in Cognizant Technology Solutions Corp Class A Common Stock. As of December 29, 2023, Vanguard reported beneficial ownership of 50,714,946 shares, representing 10.1% of the company's outstanding shares. This is an update to their previous filing, indicating a slight adjustment in their holdings, which matters to investors as Vanguard is a significant institutional holder, and changes in their stake can signal shifts in their investment thesis or passive index tracking.

Why It Matters

This filing shows that a major institutional investor, Vanguard, continues to hold a significant stake in Cognizant, reinforcing its position as a core holding for many passive and active funds. Investors should note that large institutional ownership can provide stability but also means large blocks of shares could be traded.

Risk Assessment

Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate significant risk or opportunity.

Analyst Insight

Investors should view this as a routine disclosure from a major passive fund manager. While it confirms Vanguard's continued significant stake, it doesn't necessarily signal a new investment thesis. It's a data point for understanding institutional ownership, not a direct buy/sell signal.

Key Numbers

• 50,714,946 — Shares Beneficially Owned (Represents Vanguard's total holding in Cognizant as of December 29, 2023.)
• 10.1% — Percentage of Class A Common Stock (Indicates Vanguard's significant ownership stake in Cognizant.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and major institutional investor
• Cognizant Technology Solutions Corp (company) — subject company whose shares are being reported
• 50,714,946 shares (dollar_amount) — number of shares beneficially owned by Vanguard
• 10.1% (dollar_amount) — percentage of Class A Common Stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing
• January 10, 2024 (date) — filing date of the SC 13G/A

Forward-Looking Statements

• Vanguard will likely maintain a significant, albeit potentially fluctuating, stake in Cognizant due to its index-tracking strategies. (The Vanguard Group) — high confidence, target: Next 12-24 months

FAQ

From the Filing

0001104659-24-002860.txt : 20240110 0001104659-24-002860.hdr.sgml : 20240110 20240110101657 ACCESSION NUMBER: 0001104659-24-002860 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240110 DATE AS OF CHANGE: 20240110 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COGNIZANT TECHNOLOGY SOLUTIONS CORP CENTRAL INDEX KEY: 0001058290 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] ORGANIZATION NAME: 06 Technology IRS NUMBER: 133728359 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-54671 FILM NUMBER: 24525252 BUSINESS ADDRESS: STREET 1: 300 FRANK W. BURR BLVD., STE. 36, 6 FL. CITY: TEANECK STATE: NJ ZIP: 07666 BUSINESS PHONE: 2018010233 MAIL ADDRESS: STREET 1: 300 FRANK W. BURR BLVD., STE. 36, 6 FL. CITY: TEANECK STATE: NJ ZIP: 07666 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0013-cognizanttechnologyso.htm SCHEDULE 13G/A cognizanttechnologysolutionscorpclassa SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 9)* Name of issuer:  Cognizant Technology Solutions Corp Class A Title of Class of Securities:  Common Stock CUSIP Number:  192446102 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  192446102 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 633,302 7.  SOLE DISPOSITIVE POWER 48,981,564 8.  SHARED DISPOSITIVE POWER 2,129,934 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 51,111,498 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.19% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: Cognizant Technology Solutions Corp Class A Item 1(b) - Address of Issuer's Principal Executive Offices: 300 Frank West Burr Boulevard Teaneck, NJ 07666 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d)