NASDAQ:CTSHCognizant Technology Solutions Stock Price, Forecast & News

Cognizant Technology Solutions' stock was trading at $53.15 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CTSH stock has increased by 4.6% and is now trading at $55.60. 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) posted its quarterly earnings results on Thursday, May, 7th. The information technology service provider reported $0.96 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.93 by $0.03. The information technology service provider had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.22 billion. Cognizant Technology Solutions had a return on equity of 20.90% and a net margin of 10.46%. Cognizant Technology Solutions's revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. View Cognizant Technology Solutions' earnings history.

Cognizant Technology Solutions declared a quarterly dividend on Thursday, May 7th. Investors 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 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, May 19th. 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 created shares were issued 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 announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 5th 2020, which allows the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 5.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Cognizant Technology Solutions issued an update on its first quarter 2020 Pre-Market earnings guidance on Thursday, April, 9th. The company provided earnings per share (EPS) 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 12 month price targets for Cognizant Technology Solutions' shares. Their forecasts range from $37.00 to $81.00. On average, they anticipate Cognizant Technology Solutions' share price to reach $62.29 in the next year. This suggests a possible upside of 12.0% from the stock's current price. View analysts' price targets for Cognizant Technology Solutions.

News headlines about CTSH stock have trended negative on Friday, according to InfoTrie. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cognizant Technology Solutions earned a coverage optimism score of -2.7 on InfoTrie's scale. They also assigned press coverage about the information technology service provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutCognizant Technology Solutions.

Cognizant Technology Solutions saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 8,080,000 shares, a decline 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 shares 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), 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). 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 retail and institutional 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 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 acquired 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 $55.60.

Cognizant Technology Solutions has a market capitalization of $30.06 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]