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Major prime broker Nomura is accumulating shares of this company, 13F shows

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

Nomura opened a position in Cognizant during the first quarter. This move resulted in Nomura owning a substantial 13.3 million shares by the end of the period.

That is 2.43% of its portfolio and it ranks seventh on CTSH's list of first quarter holders. According to Whale Wisdom, Cognizant (NASDAQ:CTSH) was Nomura's top buy. The site shows that it is Nomura's eighth-largest holding.

At the start of May, CTSH reported its latest quarterly earnings. The company posted a first-quarter profit of $1.12 per share, $0.01 better than the analyst estimate of $1.11. Revenue for the quarter came in at $4.76 billion, above the consensus estimate of $4.72 billion.

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Over the last week, Cognizant shares have risen over 4%. However, so far in 2024, the stock is down 6.7%.

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