Cognizant Technology Solutions Stock Forecast, Price & 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 29.3% and is now trading at $68.74.
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22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognizant Technology Solutions in the last year. There are currently 5 sell ratings, 7 hold ratings and 10 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 EPS 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%. The company's quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 earnings per share.
View Cognizant Technology Solutions' earnings history.

Cognizant Technology Solutions declared a quarterly dividend on Wednesday, July 29th. Investors 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 yield of 1.28%. The ex-dividend date of this dividend is Thursday, August 20th.
View Cognizant Technology Solutions' dividend history.

Cognizant Technology Solutions shares split on Monday, March 10th 2014. The 2-1 split was announced on Wednesday, February 5th 2014. The newly created shares were payable 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 has approved a share buyback plan on Wednesday, February 5th 2020, which authorizes the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 5.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

Cognizant Technology Solutions updated 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 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.

22 brokers have issued 12-month price objectives for Cognizant Technology Solutions' shares. Their forecasts range from $37.00 to $81.00. On average, they anticipate Cognizant Technology Solutions' stock price to reach $68.75 in the next year. This suggests a possible upside of 0.0% from the stock's current price.
View analysts' price targets for Cognizant Technology Solutions.

Cognizant Technology Solutions saw a decline in short interest in August. As of August 14th, there was short interest totaling 8,560,000 shares, a decline of 24.0% from the July 30th total of 11,270,000 shares. Based on an average daily trading volume, of 3,310,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.6% of the shares of the stock are sold short.
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), 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).
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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), Netflix (NFLX), CA (CA), Micron Technology (MU), Walt Disney (DIS), Intel (INTC), Mastercard (MA), Visa (V) and Alibaba Group (BABA).

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

Cognizant Technology Solutions' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.04%), Vanguard Group Inc. (7.94%), Bank of New York Mellon Corp (4.04%), Nordea Investment Management AB (3.17%), Macquarie Group Ltd. (2.18%) and FMR LLC (2.08%). 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., Vanguard Group Inc., Mitsubishi UFJ Trust & Banking Corp, Bank of Nova Scotia, Broad Peak Investment Holdings Ltd., Russell Investments Group Ltd., and MUFG Securities EMEA plc. Company insiders that have sold Cognizant Technology Solutions company stock in the last year include 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 acquired by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Nordea Investment Management AB, BlackRock Inc., Bank of New York Mellon Corp, Goldman Sachs Group Inc., FIL Ltd, Diamond Hill Capital Management Inc., and AQR Capital Management 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 $68.74.

Cognizant Technology Solutions has a market capitalization of $37.27 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]