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

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

Cognizant Technology Solutions announced a quarterly dividend on Wednesday, February 5th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.22 per share on Friday, February 28th. This represents a $0.88 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, February 14th. This is an increase from Cognizant Technology Solutions's previous quarterly dividend of $0.20. View Cognizant Technology Solutions' Dividend History.

Shares of Cognizant Technology Solutions split 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 closing bell 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.

Cognizant Technology Solutions declared that its board has initiated a stock buyback program on Wednesday, February 5th 2020, which permits the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 5.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board believes its stock is undervalued.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) released its quarterly earnings results on Wednesday, February, 5th. The information technology service provider reported $1.07 EPS for the quarter, topping the consensus estimate of $1.04 by $0.03. The information technology service provider earned $4.30 billion during the quarter, compared to the consensus estimate of $4.23 billion. Cognizant Technology Solutions had a net margin of 10.98% and a return on equity of 20.60%. Cognizant Technology Solutions's revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm posted $1.13 EPS. View Cognizant Technology Solutions' Earnings History.

Cognizant Technology Solutions is scheduled to release their next quarterly earnings announcement on Thursday, May 7th 2020. View Earnings Estimates for Cognizant Technology Solutions.

Cognizant Technology Solutions updated its FY20 earnings guidance on Wednesday, February, 5th. The company provided EPS guidance of $3.97-$4.13 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.13. The company issued revenue guidance of $17.14-$17.47 billion, compared to the consensus revenue estimate of $17.25 billion.

25 Wall Street analysts have issued 12-month price targets for Cognizant Technology Solutions' stock. Their forecasts range from $57.00 to $81.00. On average, they anticipate Cognizant Technology Solutions' share price to reach $68.18 in the next year. This suggests that the stock has a possible downside of 0.9%. View Analyst Price Targets for Cognizant Technology Solutions.

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognizant Technology Solutions in the last year. There are currently 8 sell ratings, 10 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cognizant Technology Solutions.

Media coverage about CTSH stock has been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cognizant Technology Solutions earned a news impact score of -1.8 on InfoTrie's scale. They also assigned headlines about the information technology service provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Cognizant Technology Solutions.

Cognizant Technology Solutions saw a increase in short interest in January. As of January 31st, there was short interest totalling 10,200,000 shares, an increase of 6.6% from the January 15th total of 9,570,000 shares. Based on an average daily trading volume, of 2,720,000 shares, the days-to-cover ratio is currently 3.8 days. Currently, 1.9% of the shares of the company are sold short. View Cognizant Technology Solutions' Current Options Chain.

Some companies that are related to Cognizant Technology Solutions include Accenture (ACN), IBM (IBM), Leidos (LDOS), Gartner (IT), EPAM Systems (EPAM), Booz Allen Hamilton (BAH), Amdocs (DOX), Caci International (CACI), Mantech International (MANT), Teradata (TDC), Virtusa (VRTU), Unisys (UIS), Forrester Research (FORR), The Hackett Group (HCKT) and Servicesource International (SREV).

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

Cognizant Technology Solutions' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Wealth Quarterback LLC (35.15%), State Street Corp (4.24%), Bank of New York Mellon Corp (3.60%), Massachusetts Financial Services Co. MA (3.55%), Franklin Resources Inc. (2.65%) and FMR LLC (2.26%). Company insiders that own Cognizant Technology Solutions stock include Allen Shaheen, Brian Humphries, 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, Robert Telesmanic, Sean Middleton, Srinivasan Veeraraghavachary, Sumithra Gomatam and Venkat Krishnaswamy. View Institutional Ownership Trends for Cognizant Technology Solutions.

CTSH stock was sold by a variety of institutional investors in the last quarter, including Matthews International Capital Management LLC, Massachusetts Financial Services Co. MA, Janus Henderson Group PLC, FIL Ltd, Pendal Group Ltd, FMR LLC, Schroder Investment Management Group and Coronation Fund Managers Ltd.. Company insiders that have sold Cognizant Technology Solutions company stock in the last year include Allen Shaheen, Francisco Dsouza, Gajakarnan Vibushanan Kandiah, James Patrick Lennox, John E Klein, Karen Mcloughlin, Malcolm Frank, Matthew W Friedrich, Rajeev Mehta, Robert Telesmanic, Srinivasan Veeraraghavachary and Venkat Krishnaswamy. View Insider Buying and Selling for Cognizant Technology Solutions.

CTSH stock was bought by a variety of institutional investors in the last quarter, including Wealth Quarterback LLC, Artisan Partners Limited Partnership, Bank of New York Mellon Corp, Alyeska Investment Group L.P., Renaissance Technologies LLC, Alliancebernstein L.P., First Trust Advisors LP and Madison Asset Management LLC. View Insider Buying and Selling for 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.

One share of CTSH stock can currently be purchased for approximately $68.83.

Cognizant Technology Solutions has a market capitalization of $37.69 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 281,600 workers across the globe.View Additional Information About Cognizant Technology Solutions.

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

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]