Mantle Ridge Bets $1 Billion on Cognizant

Activist investor Mantle Ridge builds a more than $1 billion stake in Cognizant, WSJ reports
Activist investor Mantle Ridge has built a stake worth more than $1 billion in consultancy firm Cognizant Technology , saying its shares are undervalued, the Wall Street Journal reported on Friday.
Activist Mantle Ridge Builds Over $1 Billion Stake in Cognizant
The investor has been working behind the scenes at the tech-services firm and isn’t currently planning to nominate directors.
Mantle Ridge Bets $1 Billion on Cognizant as Stock Climbs
According to The Wall Street Journal, activist investor Mantle Ridge has built a $1 billion+ stake in Cognizant Technology Solutions (CTSH),
Mantle Ridge Said to Build $1 Billion-Plus Cognizant Stake
Activist investor Mantle Ridge has built a stake of more than $1 billion in the technology services firm Cognizant Technology Solutions Corp., according to a person familiar with the matter.Most Read
Cognizant Stock Rises After Activist Builds Stake
Shares in Cognizant Technology Solutions rose 4% Monday after The Wall Street Journal reported late Friday that activist investor Mantle Ridge has built a more than $1 billion stake in the tech-services firm.
Mantle Ridge establishes more than $1B Cognizant stake, WSJ reports
Activist Mantle Ridge has built a more than $1B interest in Cognizant (CTSH) and believes the shares are undervalued, the Wall Street Journal’s
Cognizant Shares Gain After WSJ Report of Activist Mantle Ridge's $1B Stake
Shares of Cognizant Technology Solutions rose after The Wall Street Journal reported that activist investor Mantle Ridge has built up a more than $1 billion stake in the company. The stock gained 5.1% to $87.50 in after-hours trading Friday. Shares ended the regular session little changed and are up 8.4% in the past year.
Cognizant walks a tightrope as activist investor Mantle Ridge builds $1 billion stake
Mantle Ridge owns $1 billion stake at a time new CEO is trying to turn around Cognizant's fortunes and the IT sector faces a challenge from generative AI
Mantle Ridge builds over $1 billion stake in Cognizant, report says
Activist investor Mantle Ridge builds $1 billion stake in Cognizant, believes shares undervalued, engages privately for progress.
Cognizant Technology gains on report of activist Mantle Ridge stake
Cognizant Technology Solutions (CTSH) rose 5.5% in after hours trading after a report that activist investor Mantle Ridge has accumulated a more than $1 billion stake. Mantle Ridge has been privately talking with Cognizant (CTHS) management about ways for the tech-services firm to increase its share price,
Stocks sink, Robinhood & Cognizant on the move: Market Minute
Here is the latest news moving markets today in the latest Market Minute. All three of the major indexes (^DJI, ^GSPC, ^IXIC) ...
Activist investor Mantle Ridge builds a more than $1 billion stake in Cognizant, reports WSJ
Shares of the company, whose market capitalization stands at more than $41 billion, rose over 5% in extended trading.