Cognizant up after report says Mantle Ridge builds stake of over $1 billion in co
ReutersMar 7, 2025 9:48 PM
Shares of IT consulting firm Cognizant CTSH.O rise about 5% to $87.46 in extended trade
Activist investor Mantle Ridge has built a stake of over $1 billion in CTSH, according to the Wall Street Journal
Mantle Ridge believes Cognizant's shares undervalued; it started buying shares in the second half of 2022 - report
Activist investor has been working behind the scenes at CTSH and isn't currently planning to nominate directors - WSJ
CTSH up 9% so far this year
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