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 Thursday, August 3rd. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.15 per share on Thursday, August 31st. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Friday, August 18th. View Cognizant Technology Solutions Corporation's Dividend History.

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

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) issued its quarterly earnings results on Thursday, August, 3rd. The company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.82 by $0.11. The company earned $3.67 billion during the quarter, compared to analysts' expectations of $3.65 billion. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. The company's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 earnings per share. View Cognizant Technology Solutions Corporation's Earnings History.

Cognizant Technology Solutions Corporation is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Cognizant Technology Solutions Corporation.

Cognizant Technology Solutions Corporation issued an update on its third quarter earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of at least $0.94 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.95. The company issued revenue guidance of $3.73-3.78 billion, compared to the consensus revenue estimate of $3.75 billion.

24 brokerages have issued 12-month target prices for Cognizant Technology Solutions Corporation's stock. Their predictions range from $0.87 to $86.00. On average, they anticipate Cognizant Technology Solutions Corporation's share price to reach $72.40 in the next twelve months. View Analyst Ratings for Cognizant Technology Solutions Corporation.

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

• 1. According to Zacks Investment Research, "Cognizant's strong growth in the second-quarter can be attributed to its significant exposure to the fast-growing verticals like Financial Services and Healthcare. The company narrowed its top-line guidance for 2017, which reflects improved visibility. Moreover, the company raised its earnings guidance. We believe that the results and the guidance indicate the company’s ability in harnessing the ongoing digital transition. The company is significantly benefiting from accretive acquisitions. Cognizant has gained deep industry expertise and knowledge of the domains through partnerships with top firms like Microsoft and SAP.  Moreover, this strategy has enabled the company to deliver more value to clients and capitalize on new opportunities. However, stiff competition in the IT services market is a concern." (8/10/2017)
• 2. 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)
• 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)

Some companies that are related to Cognizant Technology Solutions Corporation include Automatic Data Processing (ADP), Vmware (VMW), NetEase (NTES), 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), Akamai Technologies (AKAM), Jack Henry & Associates (JKHY), F5 Networks (FFIV), GoDaddy (GDDY), Fortinet (FTNT) and Black Knight Financial Services (BKFS).

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 a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.88%), BlackRock Inc. (6.27%), FMR LLC (4.26%), State Street Corp (3.91%), Bank of New York Mellon Corp (3.34%) and Franklin Resources Inc. (2.13%). 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, Rajeev Mehta, Ramakrishna Prasa Chintamaneni, Sean Middleton, Sridhar Thiruvengadam, Srinivasan Veeraraghavachary, Steven Schwartz, Sumithra Gomatam 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 BlackRock Inc., Genesis Asset Managers LLP, Boston Partners, Westpac Banking Corp, Franklin Resources Inc., Swedbank, State Street Corp and Bank of Nova Scotia. Company insiders that have sold Cognizant Technology Solutions Corporation stock in the last year include Allen Shaheen, Chandrasekaran Ramakrishnan, Debashis Chatterjee, Gajakarnan Vibushanan Kandiah, James Patrick Lennox, John E Klein, Karen Mcloughlin, Malcolm Frank, Maureen Breakiron-Evans, Rajeev Mehta, Ramakrishna Prasa Chintamaneni, Sean Middleton, Srinivasan Veeraraghavachary, Sumithra Gomatam 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 FMR LLC, Comgest Global Investors S.A.S., Yacktman Asset Management LP, BT Investment Management Ltd, FIL Ltd, UBS Asset Management Americas Inc., Koch Industries Inc. and MD Sass Investors Services Inc.. 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 $72.06.