
Mantle Ridge builds more than $1 billion stake in Cognizant stock - WSJ
Mantle Ridge, an activist hedge fund, has acquired a stake exceeding $1 billion in Cognizant Technology Solutions (NASDAQ:CTSH), signaling its belief that the company’s shares are currently undervalued, the Wall Street Journal reported Friday, citing sources familiar with the matter. The report said Mantle Ridge began accumulating shares in the latter half of 2022, when Cognizant’s stock price ...