Major prime broker Nomura is accumulating shares of the company, 13F shows By Investing.com

Prime broker Nomura has accumulated shares of the information technology company, according to its Q1 2024 13F filing.

Nomura opened a position.N Cognitive during the first quarter. With this move, Nomura now owns 13.3 million shares. Until the period ends.

This is 2.43% of the portfolio. and It ranks 7th on the CTSH list. First quarter holder. Cognizant (NASDAQ:) was Nomura’s top buy, according to Whale Wisdom. The site shows it is Nomura’s eighth-largest holding.

In early May, CTSH reported its latest quarterly earnings. The company reported first-quarter earnings per share of $1.12, $0.01 better than analyst estimates of $1.11. The company had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.72 billion.

Over the past week, Cognizant shares have risen more than 4%. However, so far in 2024, the stock price has fallen 6.7%.