Cognizant Technology Solutions Stock Forecast, Price & News

Cognizant Technology Solutions' stock was trading at $53.15 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CTSH stock has increased by 29.6% and is now trading at $68.86.
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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) issued its quarterly earnings results on Wednesday, July, 29th. The information technology service provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.14. The information technology service provider earned $4 billion during 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 revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $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 yield of 1.28%. 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 created shares were issued 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 announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 5th 2020, which permits the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 5.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's leadership believes its shares are 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 EPS 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 1 year price objectives for Cognizant Technology Solutions' shares. Their forecasts range from $37.00 to $81.00. On average, they expect Cognizant Technology Solutions' stock price to reach $68.75 in the next twelve months. This suggests that the stock has a possible downside of 0.2%.
View analysts' price targets for Cognizant Technology Solutions.

Cognizant Technology Solutions saw a decline in short interest during the month of 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 trading volume of 3,310,000 shares, the short-interest ratio is currently 2.6 days. Currently, 1.6% of the company's shares 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 institutional and retail investors. Top institutional shareholders 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 purchased 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 $68.86.

Cognizant Technology Solutions has a market capitalization of $37.34 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]