NASDAQ:CTSHCognizant Technology Solutions Stock Price, Forecast & News

Cognizant Technology Solutions' stock was trading at $53.15 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CTSH stock has increased by 5.1% and is now trading at $55.85. View which stocks have been most impacted by Coronavirus.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognizant Technology Solutions in the last year. There are currently 6 sell ratings, 8 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cognizant Technology Solutions.

Cognizant Technology Solutions is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Cognizant Technology Solutions.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) released its quarterly earnings data on Thursday, May, 7th. The information technology service provider reported $0.96 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.93 by $0.03. The information technology service provider had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.22 billion. Cognizant Technology Solutions had a return on equity of 20.90% and a net margin of 10.46%. The company's quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $0.91 EPS. View Cognizant Technology Solutions' earnings history.

Cognizant Technology Solutions declared a quarterly dividend on Thursday, May 7th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.22 per share on Friday, May 29th. This represents a $0.88 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Tuesday, May 19th. View Cognizant Technology Solutions' dividend history.

Cognizant Technology Solutions shares split on the morning of Monday, March 10th 2014. The 2-1 split was announced on Wednesday, February 5th 2014. The newly issued shares were distributed 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 announced that its Board of Directors has authorized a share buyback 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 reacquire up to 5.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Cognizant Technology Solutions issued an update on its first quarter 2020 Pre-Market earnings guidance on Thursday, April, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $4.22-4.23 billion, compared to the consensus revenue estimate of $4.21 billion.

20 Wall Street analysts have issued 12-month price objectives for Cognizant Technology Solutions' stock. Their forecasts range from $37.00 to $81.00. On average, they expect Cognizant Technology Solutions' stock price to reach $62.17 in the next twelve months. This suggests a possible upside of 11.3% from the stock's current price. View analysts' price targets for Cognizant Technology Solutions.

News coverage about CTSH stock has been trending negative on Wednesday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing 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 closest to five being the most favorable. Cognizant Technology Solutions earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned news coverage 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 impact on the stock's share price in the next several days. View the latest news about Cognizant Technology Solutions.

Cognizant Technology Solutions saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 12,000,000 shares, an increase of 10.5% from the May 31st total of 10,860,000 shares. Based on an average daily volume of 4,640,000 shares, the short-interest ratio is currently 2.6 days. Approximately 2.2% of the company's stock are short sold. View Cognizant Technology Solutions' Current Options Chain.

Some companies that are related to Cognizant Technology Solutions include Accenture (ACN), IBM (IBM), EPAM Systems (EPAM), Leidos (LDOS), Booz Allen Hamilton (BAH), Gartner (IT), 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). View all competitors.

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), Netflix (NFLX), Gilead Sciences (GILD), Intel (INTC), Alibaba Group (BABA) and Boeing (BA).

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

Cognizant Technology Solutions' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Reinhart Partners Inc. (0.08%), State of Alaska Department of Revenue (0.04%), Farmers Trust Co. (0.01%), Watchman Group Inc. (0.01%), Birch Capital Management LLC (0.00%) and Boltwood Capital Management (0.00%). Company insiders that own Cognizant Technology Solutions stock include Allen Shaheen, Brian Humphries, Francisco Dsouza, Gajakarnan Vibushanan Kandiah, James Patrick Lennox, John E Klein, 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.

CTSH stock was sold by a variety of institutional investors in the last quarter, including Fulton Bank N. A., Reinhart Partners Inc., Birch Capital Management LLC, Legacy Capital Partners Inc., Boltwood Capital Management, and Watchman Group Inc.. 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, Karen Mcloughlin, Malcolm Frank, Matthew W Friedrich, and Robert Telesmanic. View insider buying and selling activity for Cognizant Technology Solutions.

CTSH stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Diversified Trust Co, First Financial Bank Trust Division, Woodstock Corp, Farmers Trust Co., and Private Trust Co. NA. View insider buying and selling activity 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 $55.85.

Cognizant Technology Solutions has a market capitalization of $30.19 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.

The official website for Cognizant Technology Solutions is 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]