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Company: Cognizant Technology Solutions Corp (CTSH)
Business: Cognizant Technology Solutions Engineers modern enterprises. Its services include artificial intelligence (AI) and other technology services and solutions, advice, application development, system integration, quality engineering and guarantee. Its segments include health sciences (HS), Financial Services (FS), products and sources (P & R) and communications, media and technology (CMT). The HS segment consists of medical staff and payers, as well as life sciences companies. The FS segment includes banking, capital markets, payments and insurance companies. The P & R segment includes manufacturers, cars, retailers, consumer goods and travel and hospitals, as well as enterprises providing logistics, energy and utilities. The CMT segment includes global communication, media and entertainment, education, information services and technology companies.
The stock value: $ 39.13b ($ 79.12 per share)
Kognizant Technology Solutions Shares in the last year
Action: Mantle RIDGE LP
Property: ~ 2.4%
Average price: n / a
Action Comments: Mantle Ridge was launched by Paul Hilal, a veteran activist, who is a veteran activist, who is a partner in Pershing Square. The Hilal is an incredibly experienced activist with an analytical abilities, communication skills and likeness of the activist in the world. The Mantle Range is very selective with investment. While looking for four-four good ideas in many activists in a year, the Mantle Range is looking for a good idea for every three to four years. Hilal’s approach is generally decided to constructively involve a constructive plaque, to attract the right-hand management group, and then optimize the portfolio of the assets. He played a leader in investments in a number of parties, including Hilal, Air Products, Ceridian and Canada Pacific.
What happens
The Mantle series took more than $ 1 billion in the known technology solutions.
Behind the scenes
Cognizant (CTSH) is a global IT services company specializing in digital transformation, consulting and outsourcing solutions. It is an oligopolitan that competes against large players such as high concentrations of industry, painful, infosys and capgem. These companies acquire the design, implementation, maintenance and development of technological solutions for corporate clients, sustainable profitability and growth. Kumar Mahadeva was established as an established enterprise with Kumar Mahadeva. Mahadeva was a bright businessman who thought the opportunity ahead. Prioritizing and accelerated growth prices in the industry believed that it will help to attract and maintain the best talent in an industry where it is the greatest risk. Kocigizant, including Mahadeva and its heirs, including Francisco d’Souza, turned to one of the largest players in 1998 to the end of IPO in 2019 by the end of the iPO by 35,000%.
In 2019Desouza, Vodafone’s former CEO of Brian Humphries successful as the Director General. This was the only General Director of CEO and non-delicate peers. Moreover, his management style, the company was a weak cultural conformity, pays too much attention to reduce costs and to be aggressive in a folk environment. In addition, as it is outside an industry, it has experience to push large contracts than the finish line than its peers that can bring a dear industry to close large deals. As a result, during the duration of the humphries, the average calculation of peers is concentrated in the average of a canned workforce, employee, workforce and sale and selling and selling roles in sales. This was the key to opening a long-term increase in Mahadeva’s working direction, especially the customer staff. Integration processes are very long, expensive and customers require continuous. Higher employee impurities violate sales periods, weakens the confidence and maintain new customers, a negative flywheel-i reduced reservations and narrows. As a result, a knowledgeable player shifted in an industry in an industry from the best class player (the best quarter, the best quarter. Until 2022, the company’s organic growth followed peers to 900b. This inevitably led to a negative general shareholder of the General Director of Humphries, 70% and 115% for peers.
In the second half of 2022, the Mantle Rule began to buy a fund in the high-60s in the high-60s. After a while January. 12, 2023Introduced a known justification. CEO Brian Humphries would be replaced by Ravar Kumar, the President of the former infosition, and the Chairman of the Board, an executive director of the former executive, the director of the past will be replaced by Stephen Rohlerer. Mantle Ridge is very respectful in the company’s transpiring events and has not given any public opinion on these changes. But in the last 20 years, every activist can say about two things: (i) Activists annually declare less than 4% of state-owned companies and (ii) and the CEO of Director General and Chairman. Mantle Ridge We do not say that these changes are, but these two things in a vacuum are astronomically low and we expect the board to be heard at least.
Since the height of Kumar and Rohleder, the presentation of the introduction was day and night. Returning to these three indicators of success, the first, the ability to notify the return of more than 30% of the infosys and a white-loving shareholder. He was cheat and in fact, 13,000 employees who left the company because this new team was seized. This is a very powerful signal of a variable tide and the company belief has been restored for the most important parties. In addition, the growth in 2024 compared to 900B / s previously eliminated in 2024, but consistently sent only 30b / s after recovery in a row. The leadership said they expect the winners to be the winners (the best four). Finally, the earnings of interest and taxes increased from 15.1% to 15.1% to 15.1% over the past two years and exceed 15.4.4.4.4.4.4.4. It does not consider the expansion of the last margin of 30bm, which is prepared for a recent purchase.
One, the chairman and the chairman by replacing CEO Cfo Distinguished Industrial Insiders and this acutely developed results, the decline in the concert will result in the decline in the concert, and the company continues to trade with a significant discount on its peers. While the peers trade about $ 119,000 while trading about twice, those who were worth the total enterprise for entrepreneurship. In addition, despite the same income, the cost of the infosysis enterprise is about twice as much as possible. In addition, despite the constant closure of the constant shutdown of organic growth cavity, which is confident of the future of the organic growth in the future, the imaginations still recognized and spread between their peers. This has been a company under a few years for several years, after finally correcting his problems, the street is not ready to trust.
The Mantle Range is known in portfolio companies, most of the time and a large wooden office in portfolio companies that replace CEO. None of this happens here. This is a strong signal that likes the new CEO of the Mantle Range and supports the actions that the board receives. We will not be able to identify any direct connections between the Hilal and current plaque or high-management members, it is very well related to many areas, and here are there a lot of separation in a cluster with many. Activists who come to experienced shares and movement are generally a strong sign of future stock value. What a stronger sign can be, an activist should not act an activist. This is what we have done here and we have a comfortable activist’s existence of an activist. Mantle Ridge has been a position in the company (13F Reporting Derivatives) since 2022, and for the first time, this was now announced on March 25 before the investor day of the consorty. We do not think this is a coincidence. The investor’s week in the investor’s week is an event of investors and a signal to express what the company is. Mantle Ridge’s share will undoubtedly surprise the market interest and increase activity for analytical day. It should be a signal to the street that it is now a company worthy of a worldview for positive management and performance trends per quarter. Looking at the EBIT / employee and valuable earnings, the company’s current assessment may be eliminated by 35% and 45% if management can continue to go to the circle of winner.
Ken Squire, 13D Monitor, Institutional Research Service and Head of the Institutional Research Service and 13D Foundation’s Institutional Research and Portfolio, an activist is the creator and president of mutual fund investing in the investment portfolio.
