Cognizant Technology Solutions Stock Forecast, Price & 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 increased by 47.5% and is now trading at $78.41.
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22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognizant Technology Solutions in the last year. There are currently 4 sell ratings, 7 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Cognizant Technology Solutions.

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Cognizant Technology Solutions is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Cognizant Technology Solutions.

Cognizant Technology Solutions Co. (NASDAQ:CTSH) released its quarterly earnings data on Wednesday, October, 28th. The information technology service provider reported $0.97 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.90 by $0.07. The information technology service provider earned $4.24 billion during the quarter, compared to the consensus estimate of $4.15 billion. Cognizant Technology Solutions had a return on equity of 19.04% and a net margin of 8.78%.
View Cognizant Technology Solutions' earnings history.

Cognizant Technology Solutions announced a quarterly dividend on Wednesday, October 28th. Investors of record on Thursday, November 19th will be given a dividend of $0.22 per share on Monday, November 30th. This represents a $0.88 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, November 18th.
View Cognizant Technology Solutions' dividend history.

Shares of Cognizant Technology Solutions split on the morning of Monday, March 10th 2014. The 2-1 split was announced on Wednesday, February 5th 2014. The newly minted shares were distributed 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 announced that its Board of Directors has approved a stock buyback program on Wednesday, February 5th 2020, which authorizes the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 5.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Cognizant Technology Solutions updated its FY20 earnings guidance on Wednesday, October, 28th. The company provided earnings per share (EPS) guidance of $3.63-3.67 for the period, compared to the Thomson Reuters consensus estimate of $3.56. The company issued revenue guidance of $16.7 billion, compared to the consensus revenue estimate of $16.55 billion.

22 brokerages have issued twelve-month target prices for Cognizant Technology Solutions' stock. Their forecasts range from $55.00 to $90.00. On average, they expect Cognizant Technology Solutions' share price to reach $73.48 in the next year. This suggests that the stock has a possible downside of 6.3%.
View analysts' price targets for Cognizant Technology Solutions.

Cognizant Technology Solutions saw a increase in short interest during the month of October. As of October 30th, there was short interest totaling 9,810,000 shares, an increase of 13.1% from the October 15th total of 8,670,000 shares. Based on an average daily trading volume, of 3,030,000 shares, the days-to-cover ratio is currently 3.2 days. Approximately 1.8% of the shares of the stock are short sold.
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Some companies that are related to Cognizant Technology Solutions include Accenture (ACN), International Business Machines (IBM), EPAM Systems (EPAM), Leidos (LDOS), 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).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Cognizant Technology Solutions investors own include Hawkins (HWKN), NVIDIA (NVDA), Netflix (NFLX), CA (CA), The Walt Disney (DIS), Intel (INTC), Micron Technology (MU), Gilead Sciences (GILD), Mastercard (MA) and Visa (V).

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

Cognizant Technology Solutions' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.75%), State Street Corp (4.34%), Massachusetts Financial Services Co. MA (1.97%), Pzena Investment Management LLC (1.62%), Diamond Hill Capital Management Inc. (0.89%) and Yacktman Asset Management LP (0.81%). Company insiders that own Cognizant Technology Solutions stock include Allen Shaheen, Brian Humphries, Dharmendra Kumar Sinha, Francisco Dsouza, Gajakarnan Vibushanan Kandiah, James Patrick Lennox, John E Klein, John Nelson Fox Jr, Karen Mcloughlin, Malcolm Frank, Matthew W Friedrich, Rajeev Mehta, Robert Telesmanic, Srinivasan Veeraraghavachary 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 BlackRock Inc., Massachusetts Financial Services Co. MA, AQR Capital Management LLC, Genesis Investment Management LLP, State Street Corp, First Trust Advisors LP, ARGA Investment Management LP, and Royal London Asset Management Ltd.. Company insiders that have sold Cognizant Technology Solutions company stock in the last year include Dharmendra Kumar Sinha, Francisco Dsouza, James Patrick Lennox, John E Klein, John Nelson Fox Jr, Karen Mcloughlin, Malcolm Frank, Matthew W Friedrich, and Robert Telesmanic.
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CTSH stock was acquired by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Diamond Hill Capital Management Inc., Los Angeles Capital Management & Equity Research Inc., Retirement Systems of Alabama, J. Goldman & Co LP, BP PLC, Morgan Stanley, and State of Alaska Department of Revenue.
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 $78.41.

Cognizant Technology Solutions has a market capitalization of $42.52 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.

The official website for Cognizant Technology Solutions is 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]