NASDAQ:CTSH - Cognizant Technology Solutions Stock Price, News, & Analysis

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$68.67 +1.10 (+1.63 %)
(As of 11/16/2018 02:09 AM ET)
Previous Close$67.57
Today's Range$67.01 - $68.74
52-Week Range$65.14 - $85.10
Volume4.26 million shs
Average Volume3.50 million shs
Market Capitalization$40.27 billion
P/E Ratio19.45
Dividend Yield1.15%
Beta0.96
Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers business, process, operations, and technology consulting services; application design and development, and systems integration services; application testing, consulting, and engineering services; and enterprise information management services. The company also develops, licenses, implements, and supports various software products for the healthcare industry, including solutions for health insurance plans, third party benefit administrators, and healthcare providers. In addition, it provides application maintenance services; information technology infrastructure services, such as data center, infrastructure security, network and convergence, end-user computing, and mobility services; and business process services comprising clinical data management, pharmacovigilance, equity research support, commercial operations, and order management services, as well as consulting and platform-based services. The company markets and sells its services directly through its professional staff, senior management, and direct sales personnel. It serves banking and insurance, healthcare and life sciences, manufacturing and logistics, retail and consumer goods, travel and hospitality, energy and utilities, communications and media, and technology industries. The company was founded in 1994 and is headquartered in Teaneck, New Jersey.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Custom computer programming services
Sub-IndustryIT Consulting & Other Services
SectorComputer and Technology
Current SymbolNASDAQ:CTSH
Previous Symbol
CUSIP19244610
Phone201-801-0233

Debt

Debt-to-Equity Ratio0.06
Current Ratio3.24
Quick Ratio3.24

Price-To-Earnings

Trailing P/E Ratio19.45
Forward P/E Ratio16.47
P/E Growth1.28

Sales & Book Value

Annual Sales$14.81 billion
Price / Sales2.68
Cash Flow$4.2679 per share
Price / Cash16.09
Book Value$18.96 per share
Price / Book3.62

Profitability

EPS (Most Recent Fiscal Year)$3.53
Net Income$1.50 billion
Net Margins9.07%
Return on Equity22.54%
Return on Assets16.17%

Miscellaneous

Employees260,000
Outstanding Shares579,030,000
Market Cap$40.27 billion
OptionableOptionable

Cognizant Technology Solutions (NASDAQ:CTSH) Frequently Asked Questions

What is Cognizant Technology Solutions' stock symbol?

Cognizant Technology Solutions trades on the NASDAQ under the ticker symbol "CTSH."

How often does Cognizant Technology Solutions pay dividends? What is the dividend yield for Cognizant Technology Solutions?

Cognizant Technology Solutions announced a quarterly dividend on Tuesday, October 30th. Shareholders of record on Tuesday, November 20th will be paid a dividend of $0.20 per share on Friday, November 30th. This represents a $0.80 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Monday, November 19th. View Cognizant Technology Solutions' Dividend History.

When did Cognizant Technology Solutions' stock split? How did Cognizant Technology Solutions' stock split work?

Shares of Cognizant Technology Solutions split on Monday, March 10th 2014. The 2-1 split was announced on Wednesday, February 5th 2014. The newly minted shares were issued to shareholders after the market closes on Friday, March 7th 2014. An investor that had 100 shares of Cognizant Technology Solutions stock prior to the split would have 200 shares after the split.

How will Cognizant Technology Solutions' stock buyback program work?

Cognizant Technology Solutions announced that its board has authorized a share buyback program on Monday, April 10th 2017, which authorizes the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 4.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

How were Cognizant Technology Solutions' earnings last quarter?

Cognizant Technology Solutions Corp (NASDAQ:CTSH) issued its quarterly earnings data on Tuesday, October, 30th. The information technology service provider reported $1.19 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.13 by $0.06. The information technology service provider had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.08 billion. Cognizant Technology Solutions had a return on equity of 22.54% and a net margin of 9.07%. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 earnings per share. View Cognizant Technology Solutions' Earnings History.

When is Cognizant Technology Solutions' next earnings date?

Cognizant Technology Solutions is scheduled to release their next quarterly earnings announcement on Wednesday, February 6th 2019. View Earnings Estimates for Cognizant Technology Solutions.

What guidance has Cognizant Technology Solutions issued on next quarter's earnings?

Cognizant Technology Solutions issued an update on its FY18 earnings guidance on Tuesday, October, 30th. The company provided earnings per share guidance of at least $4.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.50. The company issued revenue guidance of $16.09 billion to $16.13 billion, compared to the consensus revenue estimate of $16.17 billion.Cognizant Technology Solutions also updated its FY 2018 guidance to $4.50 EPS.

What price target have analysts set for CTSH?

19 Wall Street analysts have issued twelve-month price objectives for Cognizant Technology Solutions' stock. Their predictions range from $57.50 to $100.00. On average, they anticipate Cognizant Technology Solutions' stock price to reach $83.3235 in the next year. This suggests a possible upside of 21.3% from the stock's current price. View Analyst Price Targets for Cognizant Technology Solutions.

What is the consensus analysts' recommendation for Cognizant Technology Solutions?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognizant Technology Solutions in the last year. There are currently 1 sell rating, 6 hold ratings, 11 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cognizant Technology Solutions.

What are Wall Street analysts saying about Cognizant Technology Solutions stock?

Here are some recent quotes from research analysts about Cognizant Technology Solutions stock:
  • 1. According to Zacks Investment Research, "Cognizant is gaining from its significant exposure to the fast-growing verticals like financial services and healthcare. The company is benefiting from domain expertise as well as its ability to harness the ongoing digital transition. It is also significantly gaining from accretive acquisitions and share repurchase program. However, the company faces significant geographic, domain and customer concentration risks which can negatively impact its business. Besides, stiff competition in the IT services market remains a concern. Further, lackluster spending by large banks in the financial services sector is a concern for the company’s top-line growth. Additionally, higher attrition rate is significant headwind. Shares have underperformed the industry on a year-to-date basis." (7/9/2018)
  • 2. Pivotal Research analysts commented, "We keep our BUY but lower 2018 EPS to $4.48 from $4.55, and 2019 to $5.05 from $5.18. keeping the same 18x multiple lowers our PT to $91 from $93. Results by vertical, Healthcare and Products/Resources, Comm. Healthcare 29% of total revenue (HC) repeated 4Q’s strong results and was up almost 12% YY. Products/Resources, 21% of total, was up 11%, and Comm/Media/Tech at 13% of sales was up 18%. For CTSH’s largest category, being Financial Services (37% of rev) was up 6%, reginal banks and insurance were up double digits, but large money center banks dragged down results, as has been the case. Money center banks are spending on Digital but cutting spending when possible in ‘running’ the business. The new tax laws allowed the company repatriate $2b from overseas and $500m was used to acquire Bolder Healthcare. The company continues to pursue smaller acquisitions. Digital mix continues to improve and is now 29% revenue." (5/7/2018)

Has Cognizant Technology Solutions been receiving favorable news coverage?

Media stories about CTSH stock have trended somewhat positive on Friday, according to InfoTrie. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cognizant Technology Solutions earned a daily sentiment score of 0.9 on InfoTrie's scale. They also assigned headlines about the information technology service provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near future.

Who are some of Cognizant Technology Solutions' key competitors?

Who are Cognizant Technology Solutions' key executives?

Cognizant Technology Solutions' management team includes the folowing people:
  • Mr. Francisco D'Souza, Vice Chair & CEO (Age 49)
  • Mr. Rajeev Mehta, Pres (Age 51)
  • Ms. Karen A. McLoughlin, Chief Financial Officer (Age 53)
  • Mr. Matthew W. Friedrich, Exec. VP, Gen. Counsel, Chief Corp. Affairs Officer & Sec. (Age 51)
  • Mr. Ramakrishna Prasad Chintamaneni, Exec. VP and Pres of Global Industries & Consulting (Age 48)

Who are Cognizant Technology Solutions' major shareholders?

Cognizant Technology Solutions' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.71%), Massachusetts Financial Services Co. MA (4.15%), Bank of New York Mellon Corp (3.17%), Edgewood Management LLC (3.18%), Franklin Resources Inc. (2.02%) and FMR LLC (1.60%). Company insiders that own Cognizant Technology Solutions stock include Allen Shaheen, Chandrasekaran Ramakrishnan, Debashis Chatterjee, Francisco Dsouza, Gajakarnan Vibushanan Kandiah, James Patrick Lennox, John E Klein, John Nelson Fox Jr, Karen Mcloughlin, Leo S Jr Mackay, Malcolm Frank, Matthew W Friedrich, Maureen Breakiron-Evans, Rajeev Mehta, Ramakrishna Prasa Chintamaneni, Robert Telesmanic, Sean Middleton, Srinivasan Veeraraghavachary, Sumithra Gomatam and Venkat Krishnaswamy. View Institutional Ownership Trends for Cognizant Technology Solutions.

Which institutional investors are selling Cognizant Technology Solutions stock?

CTSH stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Comgest Global Investors S.A.S., Glenmede Trust Co. NA, Schroder Investment Management Group, Mitsubishi UFJ Trust & Banking Corp, Bessemer Group Inc., Bank of Montreal Can and Prudential Financial Inc.. Company insiders that have sold Cognizant Technology Solutions company stock in the last year include Allen Shaheen, Chandrasekaran Ramakrishnan, Debashis Chatterjee, Francisco Dsouza, Gajakarnan Vibushanan Kandiah, James Patrick Lennox, John Nelson Fox Jr, Karen Mcloughlin, Leo S Jr Mackay, Malcolm Frank, Matthew W Friedrich, Maureen Breakiron-Evans, Rajeev Mehta, Robert Telesmanic, Sean Middleton, Srinivasan Veeraraghavachary, Sumithra Gomatam and Venkat Krishnaswamy. View Insider Buying and Selling for Cognizant Technology Solutions.

Which institutional investors are buying Cognizant Technology Solutions stock?

CTSH stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Commonwealth Bank of Australia, FIL Ltd, Man Group plc, Flossbach Von Storch AG, Coronation Fund Managers Ltd., Genesis Asset Managers LLP and Credit Suisse AG. View Insider Buying and Selling for Cognizant Technology Solutions.

How do I buy shares of Cognizant Technology Solutions?

Shares of CTSH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Cognizant Technology Solutions' stock price today?

One share of CTSH stock can currently be purchased for approximately $68.67.

How big of a company is Cognizant Technology Solutions?

Cognizant Technology Solutions has a market capitalization of $40.27 billion and generates $14.81 billion in revenue each year. The information technology service provider earns $1.50 billion in net income (profit) each year or $3.53 on an earnings per share basis. Cognizant Technology Solutions employs 260,000 workers across the globe.

What is Cognizant Technology Solutions' official website?

The official website for Cognizant Technology Solutions is http://www.cognizant.com.

How can I contact Cognizant Technology Solutions?

Cognizant Technology Solutions' mailing address is GLENPOINTE CENTRE WEST 500 FRANK W. BURR BLVD., TEANECK NJ, 07666. The information technology service provider can be reached via phone at 201-801-0233 or via email at [email protected]


MarketBeat Community Rating for Cognizant Technology Solutions (NASDAQ CTSH)

Community Ranking:  3.5 out of 5 (star star star half star)
Outperform Votes:  1,033 (Vote Outperform)
Underperform Votes:  431 (Vote Underperform)
Total Votes:  1,464
MarketBeat's community ratings are surveys of what our community members think about Cognizant Technology Solutions and other stocks. Vote "Outperform" if you believe CTSH will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CTSH will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/16/2018 by MarketBeat.com Staff

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