Cognizant Technology Solutions Corporation Company Profile (NASDAQ:CTSH)

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

Cognizant Technology Solutions Corporation declared a quarterly dividend on Friday, May 5th. Stockholders of record on Tuesday, May 23rd will be given a dividend of $0.15 per share on Wednesday, May 31st. This represents a $0.60 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, May 18th. View Cognizant Technology Solutions Corporation's Dividend History.

Cognizant Technology Solutions Corporation's stock 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 distributed to shareholders after the market closes on Friday, March 7th 2014. An investor that had 100 shares of Cognizant Technology Solutions Corporation stock prior to the split would have 200 shares after the split.

Cognizant Technology Solutions Corporation declared that its board has initiated a stock repurchase program on Monday, April 10th 2017, which permits the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 4.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) released its quarterly earnings data on Friday, May, 5th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.75 by $0.09. The company had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.52 billion. Cognizant Technology Solutions Corporation had a net margin of 12.07% and a return on equity of 18.77%. The firm's revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 EPS. View Cognizant Technology Solutions Corporation's Earnings History.

Cognizant Technology Solutions Corporation is scheduled to release their next quarterly earnings announcement on Thursday, August, 3rd 2017. View Earnings Estimates for Cognizant Technology Solutions Corporation.

Cognizant Technology Solutions Corporation issued an update on its FY17 earnings guidance on Friday, May, 5th. The company provided earnings per share (EPS) guidance of at least $3.64 for the period, compared to the Thomson Reuters consensus estimate of $3.63. The company issued revenue guidance of $14.56-14.84 billion, compared to the consensus revenue estimate of $14.69 billion.Cognizant Technology Solutions Corporation also updated its Q2 guidance to at least $0.89 EPS.

24 analysts have issued 1 year price objectives for Cognizant Technology Solutions Corporation's stock. Their forecasts range from $0.87 to $80.00. On average, they expect Cognizant Technology Solutions Corporation's share price to reach $65.71 in the next year. View Analyst Ratings for Cognizant Technology Solutions Corporation.

Here are some recent quotes from research analysts about Cognizant Technology Solutions Corporation stock:

• 1. Cantor Fitzgerald analysts commented, "1Q17 revenues beat and non-GAAP EPS in line with expectations. Revenue for 1Q17 was $3.55 bn, up 2.4% q/q and 10.7% y/y, above our estimate of $3.53 bn and the FactSet consensus of $3.52 bn. Non-GAAP operating margin was 18.9%, in line with our estimate. Non-GAAP EPS was $0.84, vs. the consensus of the same, and guidance of at least $0.83. Our Performance Table is on pg. 2. Manufacturing/Retail/Logistics leads growth. By vertical, Healthcare (28% of revenue) fell 0.2% q/q, but grew 9.7% y/y after growing 5.6% y/y in the prior period. BFSI (39% of revenue) grew 1.6% q/q and 7.0% y/y after growing by 3.5% in the prior period." (5/5/2017)
• 2. According to Zacks Investment Research, "Cognizant reported lower-than-expected fourth quarter 2016 results. However, Cognizant’s announcement of enhanced focus on expanding digital capabilities and an extensive capital buyback program overshadowed dismal quarterly performance. Cognizant remains well positioned to benefit from strong demand from digitization of businesses. High quality, lower cost technology services and strategic partnership with the likes of Microsoft and SAP SE are big positives for the company. Over the past six months, the company shares have outperformed the Zacks categorized business Software Service/BPO Industry. However, macroeconomic headwinds and sluggish spending levels in its healthcare and financial sectors have emerged as big concerns. Intense competition in the IT service industry, rising wages and customer concentration are the other challenges. " (2/13/2017)
• 3. BMO Capital Markets analysts commented, "We are lowering our revenue and operating margin assumptions for CTSH due to FX, industry growth, and pricing assumptions but raising our EPS estimates due to assumed more aggressive share buyback. We have lowered our target price from $58 to $57, due to concerns around visa issues. If we elect to move to a more neutral stance on the stock, visa cost issues could be the likely cause for change. We will use the upcoming quarter to evaluate all factors that could influence our stock views." (2/6/2017)

Cognizant Technology Solutions Corporation saw a decline in short interest in June. As of June 30th, there was short interest totalling 9,387,290 shares, a decline of 25.0% from the June 15th total of 12,509,207 shares. Based on an average daily trading volume, of 4,309,145 shares, the short-interest ratio is currently 2.2 days. Approximately 1.6% of the company's stock are sold short.

Some companies that are related to Cognizant Technology Solutions Corporation include Accenture PLC (ACN), Automatic Data Processing (ADP), NetEase (NTES), Vmware (VMW), Infosys Limited (INFY), Wipro Limited (WIT), CGI Group (GIB), Palo Alto Networks (PANW), Total System Services (TSS), Gartner (IT), VeriSign (VRSN), CDW Corporation (CDW), Amdocs Limited (DOX), F5 Networks (FFIV), Jack Henry & Associates (JKHY), Akamai Technologies (AKAM), Fortinet (FTNT) and LogMein (LOGM).

Cognizant Technology Solutions Corporation's management team includes the folowing people:

• John E. Klein, Independent Chairman of the Board
• Rajeev Mehta, President
• Francisco D'Souza, Chief Executive Officer, Director
• Karen A. McLoughlin, Chief Financial Officer
• Ramakrishnan Chandrasekaran, Executive Vice Chairman of Cognizant India
• Srinivasan Veeraraghavachary, Chief Operating Officer, Executive Vice President
• Malcolm M. Frank, Executive Vice President - Strategy and Marketing
• Debashis Chatterjee, Executive Vice President and President, Technology Solutions
• Ramakrishna Prasad Chintamaneni, Executive Vice President and President, Global Industries and Consulting
• Sumithra Gomatam, Executive Vice President and President, Digital Operations

Cognizant Technology Solutions Corporation's stock is owned by many different of retail and institutional investors. Top institutional investors include Swedbank (1.10%), Genesis Asset Managers LLP (0.75%), DnB Asset Management AS (0.42%), Factory Mutual Insurance Co. (0.18%), Tesco Pension Investment Ltd (0.15%) and Forsta AP Fonden (0.13%). Company insiders that own Cognizant Technology Solutions Corporation stock include Allen Shaheen, Chandrasekaran Ramakrishnan, Debashis Chatterjee, Dharmendra Kumar Sinha, Francisco Dsouza, Gajakarnan Vibushanan Kandiah, Gordon Coburn, James Patrick Lennox, John E Klein, John Nelson Fox Jr, Karen Mcloughlin, Malcolm Frank, Maureen Breakiron-Evans, Ramakrishna Prasa Chintamaneni, Sean Middleton, Sridhar Thiruvengadam, Srinivasan Veeraraghavachary, Steven Schwartz and Venkat Krishnaswamy. View Institutional Ownership Trends for Cognizant Technology Solutions Corporation.

Cognizant Technology Solutions Corporation's stock was sold by a variety of institutional investors in the last quarter, including Genesis Asset Managers LLP, Swedbank, Bank of Montreal Can, Russell Investments Group Ltd., Forsta AP Fonden, Reinhart Partners Inc., APG Asset Management N.V. and Factory Mutual Insurance Co.. Company insiders that have sold Cognizant Technology Solutions Corporation stock in the last year include Allen Shaheen, Debashis Chatterjee, Francisco Dsouza, Gajakarnan Vibushanan Kandiah, James Patrick Lennox, Karen Mcloughlin, Malcolm Frank, Ramakrishna Prasa Chintamaneni, Sean Middleton, Srinivasan Veeraraghavachary and Venkat Krishnaswamy. View Insider Buying and Selling for Cognizant Technology Solutions Corporation.

Cognizant Technology Solutions Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Cypress Funds LLC, DnB Asset Management AS, Mn Services Vermogensbeheer B.V., National Pension Service, Aperio Group LLC, First National Bank of Omaha, LGT Capital Partners LTD. and Fox Run Management L.L.C.. View Insider Buying and Selling for Cognizant Technology Solutions Corporation.

Shares of Cognizant Technology Solutions Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Cognizant Technology Solutions Corporation stock can currently be purchased for approximately $70.05.