New Delhi, March 11 -- A new chief executive trying to steer the company, generative AI disrupting the information technology (IT) services industry, and now an activist shareholder raising its stake-New Jersey-based Cognizant Technology Solutions Corp now finds itself walking a tightrope.

Cognizant is one of the few companies seeing a second round of shareholder activism in less than 10 years. Mantle Ridge LP raised its stakes in Cognizant to more than $1 billion, according to the Wall Street Journal.

Mantle Ridge has not disclosed its stake in the IT services provider. Considering it started buying in the second half of 2022, Cognizant's average share price between 1 July 2022 and 7 March 2025 was $79. At this price, the activist shar...