NASDAQ:CTSHCognizant Technology Solutions Stock Price, Forecast & News

Cognizant Technology Solutions' stock was trading at $53.15 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CTSH shares have decreased by 3.2% and is now trading at $51.45. View which stocks have been most impacted by Coronavirus.

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.

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.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) announced its quarterly earnings data on Thursday, May, 7th. The information technology service provider reported $0.96 earnings per share for the quarter, beating 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 net margin of 10.46% and a return on equity of 20.90%. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the business posted $0.91 earnings per share. View Cognizant Technology Solutions' earnings history.

Cognizant Technology Solutions announced a quarterly dividend on Thursday, May 7th. Stockholders 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 1.71%. The ex-dividend date is Tuesday, May 19th. View Cognizant Technology Solutions' dividend history.

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 minted shares were payable 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.

Cognizant Technology Solutions declared that its board has approved a stock buyback program on Wednesday, February 5th 2020, which allows the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

Cognizant Technology Solutions updated its first quarter 2020 Pre-Market earnings guidance on Thursday, April, 9th. The company provided earnings per share 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.

19 brokerages have issued 1-year target prices for Cognizant Technology Solutions' stock. Their forecasts range from $37.00 to $81.00. On average, they expect Cognizant Technology Solutions' stock price to reach $62.29 in the next twelve months. This suggests a possible upside of 21.1% from the stock's current price. View analysts' price targets for Cognizant Technology Solutions.

News stories about CTSH stock have trended negative on Tuesday, according to InfoTrie Sentiment. The research group scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cognizant Technology Solutions earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned media stories 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 stock's share price in the next several days. View the latest news aboutCognizant Technology Solutions.

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

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

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).

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 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.

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.

CTSH stock was purchased 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.

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 $51.45.

Cognizant Technology Solutions has a market capitalization of $27.81 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]