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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Custom computer programming services
Sub-IndustryIT Consulting & Other Services
SectorComputer and Technology
SymbolNASDAQ:CTSH
CUSIP19244610
Phone201-801-0233
Debt
Debt-to-Equity Ratio0.06
Current Ratio3.64
Quick Ratio3.64
Price-To-Earnings
Trailing P/E Ratio23.28
Forward P/E Ratio19.76
P/E Growth1.56
Sales & Book Value
Annual Sales$14.81 billion
Price / Sales3.25
Cash Flow$4.3342 per share
Price / Cash18.97
Book Value$18.15 per share
Price / Book4.53
Profitability
EPS (Most Recent Fiscal Year)$3.53
Net Income$1.50 billion
Net Margins9.67%
Return on Equity20.48%
Return on Assets15.02%
Miscellaneous
Employees260,000
Outstanding Shares585,900,000
Market Cap$48,020.20
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 declared a quarterly dividend on Monday, May 7th. Shareholders of record on Tuesday, May 22nd will be given a dividend of $0.20 per share on Thursday, May 31st. This represents a $0.80 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Monday, May 21st. 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 on the morning of Monday, March 10th 2014. The 2-1 split was announced on Wednesday, February 5th 2014. The newly issued shares were distributed to shareholders after the market closes 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 stock repurchase plan on Monday, April 10th 2017, which authorizes the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 4.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its stock is undervalued.
How were Cognizant Technology Solutions' earnings last quarter?
Cognizant Technology Solutions Corp (NASDAQ:CTSH) posted its earnings results on Monday, May, 7th. The information technology service provider reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The information technology service provider had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.90 billion. Cognizant Technology Solutions had a return on equity of 20.48% and a net margin of 9.67%. The firm's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 EPS. View Cognizant Technology Solutions' Earnings History.
When is Cognizant Technology Solutions' next earnings date?
What guidance has Cognizant Technology Solutions issued on next quarter's earnings?
Cognizant Technology Solutions updated its FY18 earnings guidance on Monday, May, 7th. The company provided earnings per share (EPS) guidance of $4.47 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.55. The company issued revenue guidance of $16.05-16.30 billion, compared to the consensus revenue estimate of $16.23 billion.Cognizant Technology Solutions also updated its Q2 guidance to $1.09 EPS.
What price target have analysts set for CTSH?
24 equities research analysts have issued 1-year price objectives for Cognizant Technology Solutions' shares. Their predictions range from $57.50 to $100.00. On average, they anticipate Cognizant Technology Solutions' share price to reach $85.3571 in the next year. This suggests a possible upside of 4.0% from the stock's current price. View Analyst Ratings for Cognizant Technology Solutions.
What is the consensus analysts' recommendation for Cognizant Technology Solutions?
24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognizant Technology Solutions in the last year. There are currently 4 hold ratings, 19 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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 gaining from its significant exposure to the fast-growing verticals like financial services and healthcare. The company 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 share repurchase program. However, the company faces significant geographic, domain and customer concentration risks which can negatively impact its business. Besides, stiff competition in the IT services market remains a concern. Further, lackluster spending by large banks in the financial services sector is a concern for the company’s top-line growth. Additionally, higher attrition rate is significant headwind. Shares have underperformed the industry on a year-to-date basis." (7/9/2018)
- 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)
Are investors shorting Cognizant Technology Solutions?
Cognizant Technology Solutions saw a drop in short interest in June. As of June 29th, there was short interest totalling 12,728,535 shares, a drop of 16.6% from the June 15th total of 15,270,566 shares. Based on an average trading volume of 3,676,981 shares, the days-to-cover ratio is currently 3.5 days. Approximately 2.2% of the shares of the stock are short sold. 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 Infosys (INFY), Wipro (WIT), NTT DATA Corp/ADR (NTDTY), Verisign (VRSN), Amdocs (DOX), Obic (OBIIF), EPAM Systems (EPAM), Aspen Technology (AZPN), GEMALTO NV/S (GTOMY), Zscaler (ZS), Sogou (SOGO), Syntel (SYNT), Callidus Software (CALD), Virtusa (VRTU) and Luxoft (LXFT).
Who are Cognizant Technology Solutions' key executives?
Cognizant Technology Solutions' management team includes the folowing people:
- Mr. Francisco D'Souza, Vice Chair & CEO (Age 49)
- Mr. Rajeev Mehta, Pres (Age 51)
- Ms. Karen A. McLoughlin, Chief Financial Officer (Age 53)
- Mr. Matthew W. Friedrich, Exec. VP, Gen. Counsel, Chief Corp. Affairs Officer & Sec. (Age 51)
- Mr. Ramakrishna Prasad Chintamaneni, Exec. VP and Pres of Global Industries & Consulting (Age 48)
Has Cognizant Technology Solutions been receiving favorable news coverage?
News coverage about CTSH stock has trended somewhat positive on Wednesday, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cognizant Technology Solutions earned a news impact score of 0.11 on Accern's scale. They also gave media stories about the information technology service provider an impact score of 47.50 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are Cognizant Technology Solutions' major shareholders?
Cognizant Technology Solutions' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Swedbank (0.82%), Genesis Asset Managers LLP (0.50%), Jensen Investment Management Inc. (0.48%), DnB Asset Management AS (0.31%), Pendal Group Ltd (0.23%) and Saratoga Research & Investment Management (0.13%). 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 major investors are selling Cognizant Technology Solutions stock?
CTSH stock was sold by a variety of institutional investors in the last quarter, including Swedbank, DnB Asset Management AS, Boston Advisors LLC, LGT Capital Partners LTD., NN Investment Partners Holdings N.V., Jensen Investment Management Inc., Kirr Marbach & Co. LLC IN and Oakbrook Investments LLC. Company insiders that have sold Cognizant Technology Solutions company stock in the last year 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 Insider Buying and Selling for Cognizant Technology Solutions.
Which major investors are buying Cognizant Technology Solutions stock?
CTSH stock was purchased by a variety of institutional investors in the last quarter, including Hexavest Inc., Genesis Asset Managers LLP, Tikehau Investment Management, Addenda Capital Inc., Pendal Group Ltd, Capital Investment Services of America Inc., State of Alaska Department of Revenue and Tandem Investment Advisors Inc.. 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 $82.04.
How big of a company is Cognizant Technology Solutions?
Cognizant Technology Solutions has a market capitalization of $48.02 billion and generates $14.81 billion in revenue each year. The information technology service provider earns $1.50 billion in net income (profit) each year or $3.53 on an earnings per share basis. Cognizant Technology Solutions employs 260,000 workers across the globe.
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)
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.
