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

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$70.89 -1.31 (-1.81 %)
(As of 03/24/2019 11:20 AM ET)
Previous Close$70.89
Today's Range$70.64 - $72.06
52-Week Range$59.47 - $83.35
Volume2.69 million shs
Average Volume3.58 million shs
Market Capitalization$40.77 billion
P/E Ratio17.63
Dividend Yield1.13%
Beta0.97
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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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$16.13 billion
Cash Flow$4.9298 per share
Book Value$19.73 per share

Profitability

Net Income$2.10 billion

Miscellaneous

Employees281,600
Market Cap$40.77 billion
Next Earnings Date5/6/2019 (Estimated)
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 Thursday, February 7th. Investors of record on Thursday, February 21st will be given a dividend of $0.20 per share on Thursday, February 28th. This represents a $0.80 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Wednesday, February 20th. View Cognizant Technology Solutions' Dividend History.

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

Cognizant Technology Solutions's stock 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 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.

How will Cognizant Technology Solutions' stock buyback program work?

Cognizant Technology Solutions announced that its Board of Directors has authorized a share repurchase plan on Monday, April 10th 2017, which permits the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 4.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

How were Cognizant Technology Solutions' earnings last quarter?

Cognizant Technology Solutions Corp (NASDAQ:CTSH) announced its earnings results on Wednesday, February, 6th. The information technology service provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.06 by $0.07. The information technology service provider had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.11 billion. Cognizant Technology Solutions had a net margin of 13.03% and a return on equity of 22.15%. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 EPS. 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 Monday, May 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 FY19 earnings guidance on Wednesday, February, 6th. The company provided earnings per share guidance of $4.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.81. The company issued revenue guidance of $17.26-$17.58, compared to the consensus revenue estimate of $17.40 billion.Cognizant Technology Solutions also updated its FY 2019 guidance to $4.40-4.40 EPS.

What price target have analysts set for CTSH?

18 brokers have issued 12 month price targets for Cognizant Technology Solutions' stock. Their forecasts range from $66.00 to $94.00. On average, they expect Cognizant Technology Solutions' stock price to reach $80.4653 in the next year. This suggests a possible upside of 13.5% from the stock's current price. View Analyst Price Targets for Cognizant Technology Solutions.

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

18 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 and 11 buy ratings 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 benefiting from its significant exposure to the fast-growing verticals like financial services and healthcare. Domain expertise as well as ability to harness the ongoing digital transition is a key catalyst. Cognizant is also significantly gaining from accretive acquisitions and aggressive share repurchase. The recent acquisition of Meritsoft strengthens SaaS portfolio and expands the company’s footprint among financial institutions. Cognizant plans to use 50% of global free cash flow toward share repurchase. The dividend is attractive for investors. However, the company faces significant geographic, domain and customer concentration risks. Further, lackluster spending by large banks in the financial services sector and stiff competition in the IT services market remains a concern. Shares have underperformed the industry in the past year." (3/22/2019)
  • 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?

News stories about CTSH stock have been trending positive this week, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cognizant Technology Solutions earned a daily sentiment score of 2.1 on InfoTrie's scale. They also assigned press coverage about the information technology service provider a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days.

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 CA (CA), NVIDIA (NVDA), Micron Technology (MU), Netflix (NFLX), Alibaba Group (BABA), Cisco Systems (CSCO), Visa (V), Gilead Sciences (GILD), Johnson & Johnson (JNJ) and Starbucks (SBUX).

Who are Cognizant Technology Solutions' key executives?

Cognizant Technology Solutions' management team includes the folowing 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)

Who are Cognizant Technology Solutions' major shareholders?

Cognizant Technology Solutions' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.78%), Massachusetts Financial Services Co. MA (4.35%), Bank of New York Mellon Corp (2.96%), FMR LLC (2.23%), Nordea Investment Management AB (1.76%) and Comgest Global Investors S.A.S. (1.40%). 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 Amundi Pioneer Asset Management Inc., Swedbank, Bank of New York Mellon Corp, Standard Life Aberdeen plc, Provident Trust Co., Teacher Retirement System of Texas, AKO Capital LLP and Voloridge Investment Management LLC. Company insiders that have sold Cognizant Technology Solutions company stock in the last year include Allen Shaheen, Gajakarnan Vibushanan Kandiah, James Patrick Lennox, Karen Mcloughlin, Leo S Jr Mackay, Malcolm Frank, Matthew W Friedrich, 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 acquired by a variety of institutional investors in the last quarter, including Norges Bank, Oregon Public Employees Retirement Fund, FMR LLC, Two Sigma Advisers LP, Nordea Investment Management AB, Massachusetts Financial Services Co. MA, Scharf Investments LLC and Pzena Investment Management LLC. 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 $70.89.

How big of a company is Cognizant Technology Solutions?

Cognizant Technology Solutions has a market capitalization of $40.77 billion and generates $16.13 billion in revenue each year. The information technology service provider earns $2.10 billion in net income (profit) each year or $4.02 on an earnings per share basis. Cognizant Technology Solutions employs 281,600 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:  1,059 (Vote Outperform)
Underperform Votes:  459 (Vote Underperform)
Total Votes:  1,518
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 3/24/2019 by MarketBeat.com Staff

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