NASDAQ:CTSH - Cognizant 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. Since then, CTSH shares have decreased by 12.2% and is now trading at $46.66. View which stocks have been mosted impacted by Coronavirus.

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.

Cognizant Technology Solutions is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for Cognizant Technology Solutions.

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

Cognizant Technology Solutions announced a quarterly dividend on Wednesday, February 5th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.22 per share on Friday, February 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.89%. 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.

Cognizant Technology Solutions shares split before market open on Monday, March 10th 2014. The 2-1 split was announced on Wednesday, February 5th 2014. The newly created shares were issued 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 of Directors has approved a stock buyback program on Wednesday, February 5th 2020, which allows the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 5.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.

Cognizant Technology Solutions updated its FY20 earnings guidance on Wednesday, February, 5th. The company provided earnings per share guidance of $3.97-$4.13 for the period, compared to the Thomson Reuters consensus 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 brokers have issued 1-year price targets for Cognizant Technology Solutions' shares. Their forecasts range from $57.00 to $81.00. On average, they anticipate Cognizant Technology Solutions' stock price to reach $67.88 in the next twelve months. This suggests a possible upside of 45.5% from the stock's current price. View analysts' price targets for Cognizant Technology Solutions.

Media coverage about CTSH stock has trended extremely negative on Sunday, according to InfoTrie. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cognizant Technology Solutions earned a coverage optimism score of -4.0 on InfoTrie's scale. They also gave media headlines about the information technology service provider a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future. View the latest news aboutCognizant Technology Solutions.

Cognizant Technology Solutions saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 12,211,200 shares, an increase of 19.5% from the February 27th total of 10,220,000 shares. Based on an average trading volume of 5,120,600 shares, the days-to-cover ratio is presently 2.4 days. Approximately 2.2% of the company's shares are short sold. View Cognizant Technology Solutions' Current Options Chain.

Some companies that are related to Cognizant Technology Solutions include Accenture (ACN), IBM (IBM), Leidos (LDOS), EPAM Systems (EPAM), 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).

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), Alibaba Group (BABA), Netflix (NFLX), BlackRock (BLK), Boeing (BA) and Gilead Sciences (GILD).

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 investors 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, Francisco Dsouza, Gajakarnan Vibushanan Kandiah, James Patrick Lennox, John E Klein, 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 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, James Patrick Lennox, John E Klein, Karen Mcloughlin, Malcolm Frank, Matthew W Friedrich, Robert Telesmanic, and Srinivasan Veeraraghavachary. 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 Wealth Quarterback LLC, Norges Bank, Artisan Partners Limited Partnership, Bank of New York Mellon Corp, Alyeska Investment Group L.P., Renaissance Technologies LLC, Alliancebernstein L.P., and First Trust Advisors LP. 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 $46.66.

Cognizant Technology Solutions has a market capitalization of $25.60 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. 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]