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NASDAQ:CTSHCognizant Technology Solutions Stock Price, Forecast & News

$66.53
-0.58 (-0.86 %)
(As of 08/11/2020 04:00 PM ET)
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Compare
Today's Range
$66.27
Now: $66.53
$67.57
50-Day Range
$53.80
MA: $60.14
$69.18
52-Week Range
$40.01
Now: $66.53
$71.48
Volume2.30 million shs
Average Volume3.97 million shs
Market Capitalization$36.08 billion
P/E Ratio22.48
Dividend Yield1.31%
Beta1.21
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 analytics and artificial intelligence, digital engineering, intelligent process automation, interactive, and hybrid cloud services and solutions; and application development, systems integration, application testing and maintenance, infrastructure, and business process services. The company also develops, licenses, implements, and supports proprietary and third-party software products and platforms for the healthcare industry. In addition, it offers revenue cycle management solutions to the healthcare industry; business advisory and data analytics services; and salesforce services. Further, the company develops custom cloud-based software and platforms; and provides consulting services that enable companies to plan, implement, and optimize automated cloud-based business processes and technologies. It serves banking and insurance, healthcare and life sciences, retail and consumer goods, manufacturing and logistics, travel and hospitality, energy and utilities, communications and media, and technology industries. The company markets and sells its services through professional staff, senior management, and direct sales personnel. Cognizant Technology Solutions Corporation was founded in 1994 and is headquartered in Teaneck, New Jersey.
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Cognizant Technology Solutions logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 3.3Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.86 out of 5 stars


Industry, Sector and Symbol

Industry Custom computer programming services
Sub-IndustryIT Consulting & Other Services
Current SymbolNASDAQ:CTSH
CUSIP19244610
Phone201-801-0233

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$16.78 billion
Cash Flow$4.96 per share
Book Value$20.11 per share

Profitability

Net Income$1.84 billion

Miscellaneous

Employees292,500
Market Cap$36.08 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$66.53
-0.58 (-0.86 %)
(As of 08/11/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cognizant Technology Solutions (NASDAQ:CTSH) Frequently Asked Questions

How has Cognizant Technology Solutions' stock price been impacted by COVID-19?

Cognizant Technology Solutions' stock was trading at $53.15 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CTSH stock has increased by 25.2% and is now trading at $66.53.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Cognizant Technology Solutions?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognizant Technology Solutions in the last year. There are currently 5 sell ratings, 8 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Cognizant Technology Solutions
.

When is Cognizant Technology Solutions' next earnings date?

Cognizant Technology Solutions is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Cognizant Technology Solutions
.

How were Cognizant Technology Solutions' earnings last quarter?

Cognizant Technology Solutions Corp (NASDAQ:CTSH) announced its quarterly earnings data on Wednesday, July, 29th. The information technology service provider reported $0.82 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.68 by $0.14. The information technology service provider had revenue of $4 billion for the quarter, compared to analyst estimates of $3.84 billion. Cognizant Technology Solutions had a net margin of 9.67% and a return on equity of 19.87%. The company's quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.94 earnings per share.
View Cognizant Technology Solutions' earnings history
.

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

Cognizant Technology Solutions declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Friday, August 21st will be given a dividend of $0.22 per share on Monday, August 31st. This represents a $0.88 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, August 20th.
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 before market open on Monday, March 10th 2014. The 2-1 split was announced on Wednesday, February 5th 2014. The newly issued shares were payable 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 declared that its board has approved a stock repurchase program on Wednesday, February 5th 2020, which permits the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 5.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

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

Cognizant Technology Solutions updated its FY20 earnings guidance on Wednesday, July, 29th. The company provided EPS guidance of $3.48-3.58 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.36. The company issued revenue guidance of $16.4-16.7 billion, compared to the consensus revenue estimate of $16.13 billion.

What price target have analysts set for CTSH?

21 Wall Street analysts have issued 12 month price objectives for Cognizant Technology Solutions' shares. Their forecasts range from $37.00 to $81.00. On average, they anticipate Cognizant Technology Solutions' share price to reach $67.00 in the next twelve months. This suggests a possible upside of 0.7% from the stock's current price.
View analysts' price targets for Cognizant Technology Solutions
.

Has Cognizant Technology Solutions been receiving favorable news coverage?

Media headlines about CTSH stock have trended neutral on Tuesday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Cognizant Technology Solutions earned a coverage optimism score of 0.2 on InfoTrie's scale. They also assigned news articles about the information technology service provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term.
View the latest news about Cognizant Technology Solutions
.

Are investors shorting Cognizant Technology Solutions?

Cognizant Technology Solutions saw a decrease in short interest in the month of February. As of February 15th, there was short interest totaling 10,130,000 shares, a decrease of 19.3% from the January 31st total of 12,550,000 shares. Based on an average daily trading volume, of 3,100,000 shares, the short-interest ratio is currently 3.3 days. Approximately 1.9% of the company's stock are sold short.
View Cognizant Technology Solutions' Short Interest
.

Who are some of Cognizant Technology Solutions' key competitors?

What other stocks do shareholders of Cognizant Technology Solutions own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cognizant Technology Solutions investors own include Hawkins (HWKN), NVIDIA (NVDA), CA (CA), Netflix (NFLX), Micron Technology (MU), Walt Disney (DIS), Gilead Sciences (GILD), Intel (INTC), Alibaba Group (BABA) and Mastercard (MA).

Who are Cognizant Technology Solutions' key executives?

Cognizant Technology Solutions' management team includes the following people:
  • Mr. Francisco D'Souza, Vice Chair & CEO (Age 50)
  • Mr. Rajeev Mehta, Pres (Age 52)
  • Ms. Karen A. McLoughlin, Chief Financial Officer (Age 54)
  • Mr. Matthew W. Friedrich, Exec. VP, Gen. Counsel, Chief Corp. Affairs Officer & Sec. (Age 52)
  • Mr. Ramakrishna Prasad Chintamaneni, Exec. VP and Pres of Global Industries & Consulting (Age 49)

What is Cognizant Technology Solutions' stock symbol?

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

Who are Cognizant Technology Solutions' major shareholders?

Cognizant Technology Solutions' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Pzena Investment Management LLC (1.62%), Comgest Global Investors S.A.S. (1.24%), Yacktman Asset Management LP (0.78%), Diamond Hill Capital Management Inc. (0.73%), Genesis Investment Management LLP (0.54%) and New York State Common Retirement Fund (0.51%). Company insiders that own Cognizant Technology Solutions stock include Allen Shaheen, Brian Humphries, Francisco Dsouza, Gajakarnan Vibushanan Kandiah, James Patrick Lennox, John E Klein, John Nelson Fox Jr, Karen Mcloughlin, Malcolm Frank, Matthew W Friedrich, Rajeev Mehta, Robert Telesmanic, Sean Middleton, Srinivasan Veeraraghavachary 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 First Trust Advisors LP, Comgest Global Investors S.A.S., Broad Peak Investment Holdings Ltd., Russell Investments Group Ltd., Scharf Investments LLC, Prudential PLC, Sather Financial Group Inc, and Factory Mutual Insurance Co.. Company insiders that have sold Cognizant Technology Solutions company stock in the last year include Allen Shaheen, Francisco Dsouza, James Patrick Lennox, John E Klein, John Nelson Fox Jr, Karen Mcloughlin, Malcolm Frank, Matthew W Friedrich, and Robert Telesmanic.
View insider buying and selling activity for Cognizant Technology Solutions
.

Which institutional investors are buying Cognizant Technology Solutions stock?

CTSH stock was bought by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., LSV Asset Management, Envestnet Asset Management Inc., MERIAN GLOBAL INVESTORS UK Ltd, Victory Capital Management Inc., UBS Group AG, Brinker Capital Inc., and LGT Capital Partners LTD..
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Cognizant Technology Solutions' stock price today?

One share of CTSH stock can currently be purchased for approximately $66.53.

How big of a company is Cognizant Technology Solutions?

Cognizant Technology Solutions has a market capitalization of $36.08 billion and generates $16.78 billion in revenue each year. The information technology service provider earns $1.84 billion in net income (profit) each year or $3.99 on an earnings per share basis. Cognizant Technology Solutions employs 292,500 workers across the globe.

What is Cognizant Technology Solutions' official website?

The official website for Cognizant Technology Solutions is 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]

This page was last updated on 8/11/2020 by MarketBeat.com Staff

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