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NASDAQ:CTSH

Cognizant Technology Solutions Stock Forecast, Price & News

$68.86
-1.26 (-1.80 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$67.97
Now: $68.86
$70.40
50-Day Range
$65.56
MA: $67.46
$70.72
52-Week Range
$40.01
Now: $68.86
$71.81
Volume5.51 million shs
Average Volume3.76 million shs
Market Capitalization$37.34 billion
P/E Ratio23.26
Dividend Yield1.25%
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 3.3Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.87 out of 5 stars


Industry, Sector and Symbol

Industry Custom computer programming services
Sub-IndustryIT Consulting & Other Services
Current SymbolNASDAQ:CTSH
CUSIP19244610
Phone201-801-0233

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$16.78 billion
Cash Flow$5.00 per share
Book Value$20.11 per share

Profitability

Net Income$1.84 billion

Miscellaneous

Employees292,500
Market Cap$37.34 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$68.86
-1.26 (-1.80 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cognizant Technology Solutions (NASDAQ:CTSH) Frequently Asked Questions

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

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 (WHO). Since then, CTSH stock has increased by 29.6% and is now trading at $68.86.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Cognizant Technology Solutions?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognizant Technology Solutions in the last year. There are currently 5 sell ratings, 7 hold ratings and 10 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, November 4th 2020.
View our earnings forecast for Cognizant Technology Solutions
.

How were Cognizant Technology Solutions' earnings last quarter?

Cognizant Technology Solutions Corp (NASDAQ:CTSH) issued its quarterly earnings results on Wednesday, July, 29th. The information technology service provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.14. The information technology service provider earned $4 billion during the quarter, compared to analysts' expectations of $3.84 billion. Cognizant Technology Solutions had a net margin of 9.67% and a return on equity of 19.87%. The company's revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 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 Wednesday, July 29th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.22 per share on Monday, August 31st. This represents a $0.88 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, August 20th.
View Cognizant Technology Solutions' dividend history
.

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

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 created shares were issued 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 of Directors has initiated a share repurchase program on Wednesday, February 5th 2020, which permits the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 5.8% of its shares through open market purchases. Shares repurchase programs are often a sign 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 updated its FY20 earnings guidance on Wednesday, July, 29th. The company provided EPS guidance of $3.48-3.58 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.36. The company issued revenue guidance of $16.4-16.7 billion, compared to the consensus revenue estimate of $16.13 billion.

What price target have analysts set for CTSH?

22 brokers have issued 1 year price objectives for Cognizant Technology Solutions' shares. Their forecasts range from $37.00 to $81.00. On average, they expect Cognizant Technology Solutions' stock price to reach $68.75 in the next twelve months. This suggests that the stock has a possible downside of 0.2%.
View analysts' price targets for Cognizant Technology Solutions
.

Are investors shorting Cognizant Technology Solutions?

Cognizant Technology Solutions saw a decline in short interest during the month of August. As of August 14th, there was short interest totaling 8,560,000 shares, a decline of 24.0% from the July 30th total of 11,270,000 shares. Based on an average trading volume of 3,310,000 shares, the short-interest ratio is currently 2.6 days. Currently, 1.6% of the company's shares are sold short.
View Cognizant Technology Solutions' Short Interest
.

Who are some of Cognizant Technology Solutions' key 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), NVIDIA (NVDA), Netflix (NFLX), CA (CA), Micron Technology (MU), Walt Disney (DIS), Intel (INTC), Mastercard (MA), Visa (V) and Alibaba Group (BABA).

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.04%), Vanguard Group Inc. (7.94%), Bank of New York Mellon Corp (4.04%), Nordea Investment Management AB (3.17%), Macquarie Group Ltd. (2.18%) and FMR LLC (2.08%). Company insiders that own Cognizant Technology Solutions stock include Allen Shaheen, Brian Humphries, 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, Sean Middleton, Srinivasan Veeraraghavachary 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 First Trust Advisors LP, Comgest Global Investors S.A.S., Vanguard Group Inc., Mitsubishi UFJ Trust & Banking Corp, Bank of Nova Scotia, Broad Peak Investment Holdings Ltd., Russell Investments Group Ltd., and MUFG Securities EMEA plc. Company insiders that have sold Cognizant Technology Solutions company stock in the last year include Francisco Dsouza, James Patrick Lennox, John E Klein, John Nelson Fox Jr, 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 purchased by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Nordea Investment Management AB, BlackRock Inc., Bank of New York Mellon Corp, Goldman Sachs Group Inc., FIL Ltd, Diamond Hill Capital Management Inc., and AQR Capital Management 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 $68.86.

How big of a company is Cognizant Technology Solutions?

Cognizant Technology Solutions has a market capitalization of $37.34 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 9/19/2020 by MarketBeat.com Staff

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