Activist investor Mantle Ridge builds a more than $1 billion stake in Cognizant: Report

March 8, 2025

Activist investor Mantle Ridge builds a more than billion stake in Cognizant: Report

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Activist investor ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/mantle-ridge” target=”_blank”>Mantle Ridge has built a stake worth more than $1 billion in consultancy firm ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/cognizant-technology” target=”_blank”>Cognizant Technology, saying its shares are undervalued, the Wall Street Journal reported on Friday.

Shares of the company, whose market capitalization stands at more than $41 billion, rose over 5% in extended trading.

Mantle Ridge started buying up shares of the company in the second half of 2022, when the stock was trading in the high $50 to low $60 per-share range, the report added.

The activist firm has been privately engaging with Cognizant about its…

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