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NASDAQ:CTSH - Cognizant Technology Solutions Stock Price, Forecast & News

$46.66
-3.16 (-6.34 %)
(As of 03/29/2020 04:00 PM ET)
Today's Range
$46.28
Now: $46.66
$48.49
50-Day Range
$41.56
MA: $59.64
$71.42
52-Week Range
$40.01
Now: $46.66
$74.85
Volume5.16 million shs
Average Volume6.11 million shs
Market Capitalization$25.60 billion
P/E Ratio14.18
Dividend Yield1.77%
Beta0.88
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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Cognizant Technology Solutions logo

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$16.78 billion
Cash Flow$4.72 per share
Book Value$20.11 per share

Profitability

Net Income$1.84 billion

Miscellaneous

Employees292,500
Market Cap$25.60 billion
Next Earnings Date5/7/2020 (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 Coronavirus reached pandemic status according to the World Health Organization. Since then, CTSH shares have decreased by 12.2% and is now trading at $46.66. View which stocks have been mosted impacted by Coronavirus.

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

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognizant Technology Solutions in the last year. There are currently 8 sell ratings, 10 hold ratings and 7 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 Thursday, May 7th 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, February, 5th. The information technology service provider reported $1.07 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.04 by $0.03. The information technology service provider earned $4.30 billion during the quarter, compared to analysts' expectations of $4.23 billion. Cognizant Technology Solutions had a return on equity of 20.60% and a net margin of 10.98%. The business's revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.13 earnings per share. 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 announced a quarterly dividend on Wednesday, February 5th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.22 per share on Friday, February 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Friday, February 14th. This is an increase from Cognizant Technology Solutions's previous quarterly dividend of $0.20. 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 before market open on 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 declared that its Board of Directors 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 shares through open market purchases. Shares repurchase programs are generally a sign that the company's board 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, February, 5th. The company provided earnings per share guidance of $3.97-$4.13 for the period, compared to the Thomson Reuters consensus estimate of $4.13. The company issued revenue guidance of $17.14-$17.47 billion, compared to the consensus revenue estimate of $17.25 billion.

What price target have analysts set for CTSH?

25 brokers have issued 1-year price targets for Cognizant Technology Solutions' shares. Their forecasts range from $57.00 to $81.00. On average, they anticipate Cognizant Technology Solutions' stock price to reach $67.88 in the next twelve months. This suggests a possible upside of 45.5% from the stock's current price. View analysts' price targets for Cognizant Technology Solutions.

Has Cognizant Technology Solutions been receiving favorable news coverage?

Media coverage about CTSH stock has trended extremely negative on Sunday, according to InfoTrie. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cognizant Technology Solutions earned a coverage optimism score of -4.0 on InfoTrie's scale. They also gave media headlines about the information technology service provider a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future. View the latest news aboutCognizant Technology Solutions.

Are investors shorting Cognizant Technology Solutions?

Cognizant Technology Solutions saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 12,211,200 shares, an increase of 19.5% from the February 27th total of 10,220,000 shares. Based on an average trading volume of 5,120,600 shares, the days-to-cover ratio is presently 2.4 days. Approximately 2.2% of the company's shares are short sold. View Cognizant Technology Solutions' Current Options Chain.

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), CA (CA), NVIDIA (NVDA), Micron Technology (MU), Walt Disney (DIS), Alibaba Group (BABA), Netflix (NFLX), BlackRock (BLK), Boeing (BA) and Gilead Sciences (GILD).

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 Wealth Quarterback LLC (35.15%), State Street Corp (4.24%), Bank of New York Mellon Corp (3.60%), Massachusetts Financial Services Co. MA (3.55%), Franklin Resources Inc. (2.65%) and FMR LLC (2.26%). 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 Matthews International Capital Management LLC, Massachusetts Financial Services Co. MA, Janus Henderson Group PLC, FIL Ltd, Pendal Group Ltd, FMR LLC, Schroder Investment Management Group, and Coronation Fund Managers Ltd.. 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, Robert Telesmanic, and Srinivasan Veeraraghavachary. 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 Wealth Quarterback LLC, Norges Bank, Artisan Partners Limited Partnership, Bank of New York Mellon Corp, Alyeska Investment Group L.P., Renaissance Technologies LLC, Alliancebernstein L.P., and First Trust Advisors LP. 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 $46.66.

How big of a company is Cognizant Technology Solutions?

Cognizant Technology Solutions has a market capitalization of $25.60 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. View additional information about Cognizant Technology Solutions.

What is Cognizant Technology Solutions' official website?

The official website for Cognizant Technology Solutions is http://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]


MarketBeat Community Rating for Cognizant Technology Solutions (NASDAQ CTSH)

Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  1,148 (Vote Outperform)
Underperform Votes:  580 (Vote Underperform)
Total Votes:  1,728
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.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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