Mantle Ridge has taken a more than $1 billion position in Cognizant Technology Solutions. Cognizant (CTSH) is a global IT services company specializing in digital transformation, consulting ...

Activist-investor Mantle Ridge Capital has taken a USD1 billion position in Cognizant. In 2016, Elliott Management took a 4% ...

Last month, Cognizant forecast its annual revenue below analysts' estimate. It is also facing activist investor involvement from Mantle Ridge, which has been in discussions with the company since ...

Activist Commentary: Mantle Ridge was launched by Paul Hilal, a veteran activist who was a former senior partner at Pershing Square. Hilal is an incredibly experienced activist investor with a ...

In the second half of 2022, Mantle Ridge began buying the stock which was trading in the high-50s to low-60s. Shortly after on Jan. 12, 2023, Cognizant announced a major reorganization.