NASDAQ:CTSHCognizant Technology Solutions Stock Price, Forecast & 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 (WHO). Since then, CTSH shares have increased by 25.2% and is now trading at $66.53.
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21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognizant Technology Solutions in the last year. There are currently 5 sell ratings, 8 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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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.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) announced its quarterly earnings data on Wednesday, July, 29th. The information technology service provider reported $0.82 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.68 by $0.14. The information technology service provider had revenue of $4 billion for 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%. Cognizant Technology Solutions's revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 EPS.
View Cognizant Technology Solutions' earnings history.

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 dividend yield of 1.32%. The ex-dividend date is Thursday, August 20th.
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 declared that its board has initiated a share buyback program on Wednesday, February 5th 2020, which authorizes the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 5.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Cognizant Technology Solutions issued an update on 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 earnings per share 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.

21 brokerages have issued 12-month price objectives for Cognizant Technology Solutions' stock. Their forecasts range from $37.00 to $81.00. On average, they anticipate Cognizant Technology Solutions' share price to reach $67.00 in the next twelve months. This suggests a possible upside of 0.7% from the stock's current price.
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News articles about CTSH stock have trended neutral on Tuesday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cognizant Technology Solutions earned a media sentiment score of 0.2 on InfoTrie's scale. They also gave press coverage about the information technology service provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future.
View the latest news about Cognizant Technology Solutions.

Cognizant Technology Solutions saw a decrease in short interest in February. As of February 15th, there was short interest totaling 10,130,000 shares, a decrease of 19.3% from the January 31st total of 12,550,000 shares. Based on an average trading volume of 3,100,000 shares, the short-interest ratio is presently 3.3 days. Approximately 1.9% of the shares of the stock are short sold.
View Cognizant Technology Solutions' Short Interest.

Some companies that are related to Cognizant Technology Solutions include Accenture (ACN), IBM (IBM), EPAM Systems (EPAM), Leidos (LDOS), 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).
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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), CA (CA), Netflix (NFLX), Micron Technology (MU), Walt Disney (DIS), Gilead Sciences (GILD), Intel (INTC), Alibaba Group (BABA) and Mastercard (MA).

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

Cognizant Technology Solutions' stock is owned by a variety of institutional and retail investors. Top institutional investors include Macquarie Group Ltd. (2.18%), Pzena Investment Management LLC (1.62%), Comgest Global Investors S.A.S. (1.24%), Yacktman Asset Management LP (0.78%), Diamond Hill Capital Management Inc. (0.73%) and Genesis Investment Management LLP (0.54%). 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.

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., Bank of Nova Scotia, Broad Peak Investment Holdings Ltd., Russell Investments Group Ltd., Scharf Investments LLC, Prudential PLC, and Sather Financial Group Inc. 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, John Nelson Fox Jr, 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 Macquarie Group Ltd., Diamond Hill Capital Management Inc., LSV Asset Management, Envestnet Asset Management Inc., MERIAN GLOBAL INVESTORS UK Ltd, Victory Capital Management Inc., UBS Group AG, and Alberta Investment Management Corp.
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 $66.53.

Cognizant Technology Solutions has a market capitalization of $36.08 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]