NASDAQ:CTSHCognizant Technology Solutions Stock Price, Forecast & News

$53.70

-1.65 (-2.98 %)

(As of 05/28/2020 04:00 PM ET)

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Today's Range

$53.59

Now: $53.70▼

$55.89

50-Day Range

$47.80

MA: $53.56▼

$59.23

52-Week Range

$40.01

Now: $53.70▼

$71.48

Volume2.96 million shs

Average Volume3.76 million shs

Market Capitalization$29.03 billion

P/E Ratio16.82

Dividend Yield1.65%

Beta1.2

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.

Beat the Market (BTM) Rank^™

3.0 Analyst's Opinion

Consensus Rating
Cognizant Technology Solutions has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 6 buy ratings, 7 hold ratings, and 6 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $62.29, Cognizant Technology Solutions has a potential upside of 16.1% from its current price of $53.67.
Amount of Analyst Coverage
Cognizant Technology Solutions has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.3 Community Rank

Outperform Votes
Cognizant Technology Solutions has received 1,157 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Cognizant Technology Solutions has received 595 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Cognizant Technology Solutions has received 66.04% “outperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Cognizant Technology Solutions is a leading dividend payer. It pays a dividend yield of 1.65%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Cognizant Technology Solutions has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Cognizant Technology Solutions is 22.06 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Cognizant Technology Solutions will have a dividend payout ratio of 22.22 % next year. This indicates that Cognizant Technology Solutions will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cognizant Technology Solutions insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $42,089.00 in company stock.
Percentage Held by Insiders
Only 0.56% of the stock of Cognizant Technology Solutions is held by insiders.
Percentage Held by Institutions
90.45% of the stock of Cognizant Technology Solutions is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Cognizant Technology Solutions are expected to grow by 15.12% in the coming year, from $3.44 to $3.96 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cognizant Technology Solutions is 16.82, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.00.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cognizant Technology Solutions is 16.82, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 41.09.
Price to Earnings Growth Ratio
Cognizant Technology Solutions has a PEG Ratio of 1.41. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Cognizant Technology Solutions has a P/B Ratio of 2.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.38 out of 5 stars

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 Ratio0.30

Current Ratio2.90

Quick Ratio2.90

Price-To-Earnings

Trailing P/E Ratio16.82

Forward P/E Ratio15.61

P/E Growth1.41

Sales & Book Value

Annual Sales$16.78 billion

Price / Sales1.73

Cash Flow$5.08 per share

Price / Cash Flow10.57

Book Value$19.63 per share

Price / Book2.74

Profitability

EPS (Most Recent Fiscal Year)$3.99

Net Income$1.84 billion

Net Margins10.46%

Return on Equity20.90%

Return on Assets13.79%

Miscellaneous

Employees292,500

Outstanding Shares540,580,000

Market Cap$29.03 billion

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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Cognizant Technology Solutions (NASDAQ:CTSH) Frequently Asked Questions

How has Cognizant Technology Solutions' stock been impacted by COVID-19 (Coronavirus)?

Cognizant Technology Solutions' stock was trading at $53.15 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CTSH shares have increased by 1.0% and is now trading at $53.67. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 6 sell ratings, 7 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cognizant Technology Solutions.

When is Cognizant Technology Solutions' next earnings date?

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.

How were Cognizant Technology Solutions' earnings last quarter?

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

How often does Cognizant Technology Solutions pay dividends? What is the dividend yield for Cognizant Technology Solutions?

Cognizant Technology Solutions declared a quarterly dividend on Thursday, May 7th. Investors of record on Wednesday, May 20th will be given 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 1.64%. The ex-dividend date of this dividend is Tuesday, May 19th. View Cognizant Technology Solutions' dividend history.

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

Cognizant Technology Solutions shares split on 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 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 has authorized a stock buyback plan on Wednesday, February 5th 2020, which allows the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 5.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

What guidance has Cognizant Technology Solutions issued on next quarter's earnings?

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.

What price target have analysts set for CTSH?

19 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' share price to reach $62.29 in the next year. This suggests a possible upside of 16.1% from the stock's current price. View analysts' price targets for Cognizant Technology Solutions.

Has Cognizant Technology Solutions been receiving favorable news coverage?

News headlines about CTSH stock have trended very negative recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cognizant Technology Solutions earned a coverage optimism score of -3.8 on InfoTrie's scale. They also gave news articles about the information technology service provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutCognizant Technology Solutions.

Are investors shorting Cognizant Technology Solutions?

Cognizant Technology Solutions saw a decline in short interest in May. As of May 15th, there was short interest totaling 8,080,000 shares, a decline of 7.9% from the April 30th total of 8,770,000 shares. Based on an average daily volume of 4,880,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.5% of the company's shares are sold short. View Cognizant Technology Solutions' Current Options Chain.

Who are some of Cognizant Technology Solutions' key competitors?

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

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 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).

Who are Cognizant Technology Solutions' key executives?

Cognizant Technology Solutions' management team includes the following 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)

What is Cognizant Technology Solutions' stock symbol?

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

Who are Cognizant Technology Solutions' major shareholders?

Cognizant Technology Solutions' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.53%), State Street Corp (4.25%), Bank of New York Mellon Corp (3.67%), Massachusetts Financial Services Co. MA (3.38%), Invesco Ltd. (2.39%) and Franklin Resources Inc. (2.33%). 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.

Which institutional investors are selling Cognizant Technology Solutions stock?

CTSH stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Schroder Investment Management Group, Flossbach Von Storch AG, Deutsche Bank AG, Ensign Peak Advisors Inc, Comgest Global Investors S.A.S., Veritas Investment Management LLP, and AQR Capital Management LLC. 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.

Which institutional investors are buying Cognizant Technology Solutions stock?

CTSH stock was acquired by a variety of institutional investors in the last quarter, including Invesco Ltd., Diamond Hill Capital Management Inc., Mawer Investment Management Ltd., Yacktman Asset Management LP, BlackRock Inc., AJO LP, ARGA Investment Management LP, and Clearbridge Investments LLC. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Cognizant Technology Solutions' stock price today?

One share of CTSH stock can currently be purchased for approximately $53.67.

How big of a company is Cognizant Technology Solutions?

Cognizant Technology Solutions has a market capitalization of $29.01 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.

What is Cognizant Technology Solutions' official website?

The official website for Cognizant Technology Solutions is 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]

This page was last updated on 5/28/2020 by MarketBeat.com Staff