Cognizant Technology Solutions Corp Company Profile (NASDAQ:CTSH)

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

Cognizant Technology Solutions Corp announced a quarterly dividend on Friday, May 5th. Stockholders of record on Tuesday, May 23rd will be paid a dividend of $0.15 per share on Wednesday, May 31st. This represents a $0.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, May 18th. View Cognizant Technology Solutions Corp's Dividend History.

Cognizant Technology Solutions Corp's stock split on the morning of Monday, March 10th 2014. The 2-1 split was announced on Wednesday, February 5th 2014. The newly created shares were payable to shareholders after the market closes on Friday, March 7th 2014. An investor that had 100 shares of Cognizant Technology Solutions Corp stock prior to the split would have 200 shares after the split.

Cognizant Technology Solutions Corp declared that its Board of Directors has approved a stock repurchase program on Monday, April 10th 2017, which allows the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 4.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its shares are undervalued.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) issued its quarterly earnings data on Friday, May, 5th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.75 by $0.09. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.52 billion. Cognizant Technology Solutions Corp had a return on equity of 18.83% and a net margin of 11.52%. The company's revenue was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $0.80 EPS. View Cognizant Technology Solutions Corp's Earnings History.

Cognizant Technology Solutions Corp is scheduled to release their next quarterly earnings announcement on Thursday, August, 3rd 2017. View Earnings Estimates for Cognizant Technology Solutions Corp.

Cognizant Technology Solutions Corp issued an update on its FY17 earnings guidance on Friday, May, 5th. The company provided EPS guidance of at least $3.64 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.63. The company issued revenue guidance of $14.56-14.84 billion, compared to the consensus revenue estimate of $14.69 billion.Cognizant Technology Solutions Corp also updated its Q2 guidance to at least $0.89 EPS.

25 brokers have issued twelve-month price objectives for Cognizant Technology Solutions Corp's shares. Their forecasts range from $0.87 to $75.00. On average, they expect Cognizant Technology Solutions Corp's stock price to reach $63.36 in the next twelve months. View Analyst Ratings for Cognizant Technology Solutions Corp.

Here are some recent quotes from research analysts about Cognizant Technology Solutions Corp stock:

• 1. Cantor Fitzgerald analysts commented, "1Q17 revenues beat and non-GAAP EPS in line with expectations. Revenue for 1Q17 was $3.55 bn, up 2.4% q/q and 10.7% y/y, above our estimate of $3.53 bn and the FactSet consensus of $3.52 bn. Non-GAAP operating margin was 18.9%, in line with our estimate. Non-GAAP EPS was $0.84, vs. the consensus of the same, and guidance of at least $0.83. Our Performance Table is on pg. 2. Manufacturing/Retail/Logistics leads growth. By vertical, Healthcare (28% of revenue) fell 0.2% q/q, but grew 9.7% y/y after growing 5.6% y/y in the prior period. BFSI (39% of revenue) grew 1.6% q/q and 7.0% y/y after growing by 3.5% in the prior period." (5/5/2017)
• 2. According to Zacks Investment Research, "Cognizant reported lower-than-expected fourth quarter 2016 results. However, Cognizant’s announcement of enhanced focus on expanding digital capabilities and an extensive capital buyback program overshadowed dismal quarterly performance. Cognizant remains well positioned to benefit from strong demand from digitization of businesses. High quality, lower cost technology services and strategic partnership with the likes of Microsoft and SAP SE are big positives for the company. Over the past six months, the company shares have outperformed the Zacks categorized business Software Service/BPO Industry. However, macroeconomic headwinds and sluggish spending levels in its healthcare and financial sectors have emerged as big concerns. Intense competition in the IT service industry, rising wages and customer concentration are the other challenges. " (2/13/2017)
• 3. BMO Capital Markets analysts commented, "We are lowering our revenue and operating margin assumptions for CTSH due to FX, industry growth, and pricing assumptions but raising our EPS estimates due to assumed more aggressive share buyback. We have lowered our target price from $58 to $57, due to concerns around visa issues. If we elect to move to a more neutral stance on the stock, visa cost issues could be the likely cause for change. We will use the upcoming quarter to evaluate all factors that could influence our stock views." (2/6/2017)

Cognizant Technology Solutions Corp saw a drop in short interest in the month of May. As of May 15th, there was short interest totalling 18,892,324 shares, a drop of 7.8% from the April 28th total of 20,481,413 shares. Based on an average daily trading volume, of 4,908,768 shares, the days-to-cover ratio is currently 3.8 days. Currently, 3.2% of the company's stock are short sold.

Some companies that are related to Cognizant Technology Solutions Corp include Automatic Data Processing (ADP), CA (CA), Citrix Systems (CTXS), Iron Mountain Incorporated (Delaware) REIT (IRM), F5 Networks (FFIV), Jack Henry & Associates (JKHY), SS&C Technologies Holdings (SSNC), Guidewire Software (GWRE), Aspen Technology (AZPN), Pegasystems (PEGA), Fair Isaac (FICO), Blackbaud (BLKB), DST Systems (DST), NetScout Systems (NTCT), Black Knight Financial Services (BKFS), Verint Systems (VRNT), Descartes Systems Group (DSGX) and Ebix (EBIX).

Cognizant Technology Solutions Corp's management team includes the folowing people:

• John E. Klein, Independent Chairman of the Board
• Rajeev Mehta, President
• Francisco D'Souza, Chief Executive Officer, Director
• Karen A. McLoughlin, Chief Financial Officer
• Ramakrishnan Chandrasekaran, Executive Vice Chairman of Cognizant India
• Srinivasan Veeraraghavachary, Chief Operating Officer, Executive Vice President
• Malcolm M. Frank, Executive Vice President - Strategy and Marketing
• Debashis Chatterjee, Executive Vice President and President, Technology Solutions
• Ramakrishna Prasad Chintamaneni, Executive Vice President and President, Global Industries and Consulting
• Sumithra Gomatam, Executive Vice President and President, Digital Operations

Cognizant Technology Solutions Corp's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.92%), Vanguard Group Inc. (6.88%), Massachusetts Financial Services Co. MA (4.39%), State Street Corp (4.12%), Bank of New York Mellon Corp (3.36%) and Edgewood Management LLC (2.50%). Company insiders that own Cognizant Technology Solutions Corp stock include Allen Shaheen, Chandrasekaran Ramakrishnan, Dharmendra Kumar Sinha, Francisco Dsouza, Gajakarnan Vibushanan Kandiah, Gordon Coburn, James Patrick Lennox, John E Klein, John Nelson Fox Jr, Karen Mcloughlin, Malcolm Frank, Maureen Breakiron-Evans, Sean Middleton, Sridhar Thiruvengadam, Srinivasan Veeraraghavachary, Steven Schwartz and Venkat Krishnaswamy. View Institutional Ownership Trends for Cognizant Technology Solutions Corp.

Cognizant Technology Solutions Corp's stock was sold by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Elliott Management Corp, FIL Ltd, Massachusetts Financial Services Co. MA, Pioneer Investment Management Inc., Wellington Management Group LLP, Morgan Stanley and Henderson Group PLC. Company insiders that have sold Cognizant Technology Solutions Corp stock in the last year include Allen Shaheen, Francisco Dsouza, Gajakarnan Vibushanan Kandiah, Gordon Coburn, James Patrick Lennox, Karen Mcloughlin, Malcolm Frank, Sean Middleton, Srinivasan Veeraraghavachary, Steven Schwartz and Venkat Krishnaswamy. View Insider Buying and Selling for Cognizant Technology Solutions Corp.

Cognizant Technology Solutions Corp's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Comgest Global Investors S.A.S., Thrivent Financial For Lutherans, Alliancebernstein L.P., SRS Investment Management LLC, Pzena Investment Management LLC, Neuberger Berman Group LLC and Vanguard Group Inc.. View Insider Buying and Selling for Cognizant Technology Solutions Corp.

Shares of Cognizant Technology Solutions Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Cognizant Technology Solutions Corp stock can currently be purchased for approximately $66.79.