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

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$71.34 -0.91 (-1.26 %)

(As of 02/22/2019 04:01 AM ET)

Previous Close$72.25

Today's Range$71.13 - $72.4150

52-Week Range$59.47 - $85.10

Volume4.74 million shs

Average Volume3.67 million shs

Market Capitalization$41.31 billion

P/E Ratio17.75

Dividend Yield1.11%

Beta0.99

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 business, process, operations, and technology consulting services; application design and development, and systems integration services; application testing, consulting, and engineering services; and enterprise information management services. The company also develops, licenses, implements, and supports various software products for the healthcare industry, including solutions for health insurance plans, third party benefit administrators, and healthcare providers. In addition, it provides application maintenance services; information technology infrastructure services, such as data center, infrastructure security, network and convergence, end-user computing, and mobility services; and business process services comprising clinical data management, pharmacovigilance, equity research support, commercial operations, and order management services, as well as consulting and platform-based services. The company markets and sells its services directly through its professional staff, senior management, and direct sales personnel. It serves banking and insurance, healthcare and life sciences, manufacturing and logistics, retail and consumer goods, travel and hospitality, energy and utilities, communications and media, and technology industries. The company was founded in 1994 and is headquartered in Teaneck, New Jersey.

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Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Custom computer programming services

Sub-IndustryIT Consulting & Other Services

SectorComputer and Technology

Current SymbolNASDAQ:CTSH

Previous Symbol

CUSIP19244610

CIK1058290

Webwww.cognizant.com

Phone201-801-0233

Debt

Debt-to-Equity Ratio0.06

Current Ratio3.12

Quick Ratio3.24

Price-To-Earnings

Trailing P/E Ratio17.75

Forward P/E Ratio16.00

P/E Growth1.63

Sales & Book Value

Annual Sales$16.13 billion

Price / Sales2.56

Cash Flow$4.7245 per share

Price / Cash Flow15.10

Book Value$19.73 per share

Price / Book3.62

Profitability

EPS (Most Recent Fiscal Year)$4.02

Net Income$2.10 billion

Net Margins13.03%

Return on Equity22.15%

Return on Assets15.98%

Miscellaneous

Employees260,000

Outstanding Shares579,028,000

Market Cap$41.31 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. Shareholders 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 yield of 1.12%. 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 declared that its board has initiated a share buyback plan on Monday, April 10th 2017, which allows the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 4.4% of its stock through open market purchases. Stock repurchase plans are generally 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 quarterly earnings data on Wednesday, February, 6th. The information technology service provider reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.06 by $0.07. The information technology service provider had revenue of $4.13 billion for the quarter, compared to analysts' expectations of $4.11 billion. Cognizant Technology Solutions had a net margin of 13.03% and a return on equity of 22.15%. The business's revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm posted $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 updated 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?

19 brokerages have issued twelve-month target prices for Cognizant Technology Solutions' shares. Their forecasts range from $66.00 to $100.00. On average, they expect Cognizant Technology Solutions' share price to reach $81.6863 in the next twelve months. This suggests a possible upside of 14.5% from the stock's current price. View Analyst Price Targets for Cognizant Technology Solutions.

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

19 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 12 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’s fourth-quarter 2018 results benefited from its significant exposure to the fast-growing verticals like financial services and healthcare. The company also announced the appointment of new CEO Brian Humphries effective April 1. Cognizant is benefiting from domain expertise as well as its ability to harness the ongoing digital transition. It is also significantly gaining from accretive acquisitions and aggressive share repurchase. However, lackluster spending by large banks in the financial services sector and stiff competition in the IT services market remains a concern. Moreover, the company faces significant geographic, domain and customer concentration risks. Shares have underperformed the industry in the past year." (2/11/2019)
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?

Media coverage about CTSH stock has trended positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by analyzing 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 news impact score of 2.3 on InfoTrie's scale. They also gave news coverage about the information technology service provider a news buzz of 8.0 out of 10, indicating that recent news coverage is very likely to have an effect on the stock's share price in the immediate future.

Who are some of Cognizant Technology Solutions' key competitors?

Some companies that are related to Cognizant Technology Solutions include Infosys (INFY), Wipro (WIT), Verisign (VRSN), NTT DATA CORP/ADR (NTDTY), Obic (OBIIF), EPAM Systems (EPAM), Amdocs (DOX), Aspen Technology (AZPN), Zscaler (ZS), GEMALTO NV/S (GTOMY), Sogou (SOGO), Luxoft (LXFT), Virtusa (VRTU), PROS (PRO) and Glu Mobile (GLUU).

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), Visa (V), Cisco Systems (CSCO), 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 many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.78%), Massachusetts Financial Services Co. MA (4.35%), Bank of New York Mellon Corp (2.96%), Nordea Investment Management AB (1.76%), Comgest Global Investors S.A.S. (1.40%) and Pzena Investment Management LLC (1.31%). 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., AKO Capital LLP, Voloridge Investment Management LLC and NorthCoast Asset 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, 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 and Sumithra Gomatam. 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 Oregon Public Employees Retirement Fund, Two Sigma Advisers LP, Nordea Investment Management AB, Massachusetts Financial Services Co. MA, Scharf Investments LLC, Pzena Investment Management LLC, Commonwealth Bank of Australia and California Public Employees Retirement System. 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 $71.34.

How big of a company is Cognizant Technology Solutions?

Cognizant Technology Solutions has a market capitalization of $41.31 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 260,000 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 ( )
Outperform Votes:		1,051 (Vote Outperform)
Underperform Votes:		449 (Vote Underperform)
Total Votes:		1,500

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 2/22/2019 by MarketBeat.com Staff