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NASDAQ:CTSH

Cognizant Technology Solutions Stock Forecast, Price & News

$78.41
-0.14 (-0.18 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$77.66
Now: $78.41
$78.89
50-Day Range
$70.80
MA: $74.34
$78.75
52-Week Range
$40.01
Now: $78.41
$79.00
Volume1.10 million shs
Average Volume3.65 million shs
Market Capitalization$42.52 billion
P/E Ratio29.04
Dividend Yield1.12%
Beta1.15
Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers analytics and artificial intelligence, digital engineering, Internet of Things, interactive, and cloud services and solutions; and application development, systems integration, application testing and maintenance, infrastructure, and business process services. The company also develops, licenses, implements, and supports proprietary and third-party software products and platforms for the healthcare industry. In addition, it offers revenue cycle management solutions to the healthcare industry; business advisory and data analytics services; and salesforce services. Further, the company develops custom cloud-based software and platforms; and provides consulting services that enable companies to plan, implement, and optimize automated cloud-based business processes and technologies. It serves banking and insurance, healthcare and life sciences, retail and consumer goods, manufacturing, logistics, travel and hospitality, energy and utilities, communications and media, and technology industries. The company markets and sells its services through professional staff, senior management, and direct sales personnel. Cognizant Technology Solutions Corporation has collaboration with Verily Life Sciences to facilitate COVID-19 testing across the United States. Cognizant Technology Solutions Corporation was founded in 1994 and is headquartered in Teaneck, New Jersey.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 3.3Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.13 out of 5 stars


Industry, Sector and Symbol

Industry Custom computer programming services
Sub-IndustryIT Consulting & Other Services
Current SymbolNASDAQ:CTSH
CUSIP19244610
Phone201-801-0233
Employees292,500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$16.78 billion
Cash Flow$5.01 per share
Book Value$20.54 per share

Profitability

Net Income$1.84 billion

Miscellaneous

Market Cap$42.52 billion
Next Earnings Date2/3/2021 (Estimated)
OptionableOptionable
$78.41
-0.14 (-0.18 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cognizant Technology Solutions (NASDAQ:CTSH) Frequently Asked Questions

How has Cognizant Technology Solutions' stock been impacted by Coronavirus?

Cognizant Technology Solutions' stock was trading at $53.15 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CTSH shares have increased by 47.5% and is now trading at $78.41.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Cognizant Technology Solutions?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognizant Technology Solutions in the last year. There are currently 4 sell ratings, 7 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Cognizant Technology Solutions
.

What stocks does MarketBeat like better than Cognizant Technology Solutions?

Wall Street analysts have given Cognizant Technology Solutions a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Cognizant Technology Solutions wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Cognizant Technology Solutions' next earnings date?

Cognizant Technology Solutions is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Cognizant Technology Solutions
.

How were Cognizant Technology Solutions' earnings last quarter?

Cognizant Technology Solutions Co. (NASDAQ:CTSH) released its quarterly earnings data on Wednesday, October, 28th. The information technology service provider reported $0.97 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.90 by $0.07. The information technology service provider earned $4.24 billion during the quarter, compared to the consensus estimate of $4.15 billion. Cognizant Technology Solutions had a return on equity of 19.04% and a net margin of 8.78%.
View Cognizant Technology Solutions' earnings history
.

How often does Cognizant Technology Solutions pay dividends? What is the dividend yield for Cognizant Technology Solutions?

Cognizant Technology Solutions announced a quarterly dividend on Wednesday, October 28th. Investors of record on Thursday, November 19th will be given a dividend of $0.22 per share on Monday, November 30th. This represents a $0.88 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, November 18th.
View Cognizant Technology Solutions' dividend history
.

When did Cognizant Technology Solutions' stock split? How did Cognizant Technology Solutions' stock split work?

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 minted shares were distributed 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.

How will Cognizant Technology Solutions' stock buyback program work?

Cognizant Technology Solutions announced that its Board of Directors has approved a stock buyback program 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 buy up to 5.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

What guidance has Cognizant Technology Solutions issued on next quarter's earnings?

Cognizant Technology Solutions updated its FY20 earnings guidance on Wednesday, October, 28th. The company provided earnings per share (EPS) guidance of $3.63-3.67 for the period, compared to the Thomson Reuters consensus estimate of $3.56. The company issued revenue guidance of $16.7 billion, compared to the consensus revenue estimate of $16.55 billion.

What price target have analysts set for CTSH?

22 brokerages have issued twelve-month target prices for Cognizant Technology Solutions' stock. Their forecasts range from $55.00 to $90.00. On average, they expect Cognizant Technology Solutions' share price to reach $73.48 in the next year. This suggests that the stock has a possible downside of 6.3%.
View analysts' price targets for Cognizant Technology Solutions
.

Are investors shorting Cognizant Technology Solutions?

Cognizant Technology Solutions saw a increase in short interest during the month of October. As of October 30th, there was short interest totaling 9,810,000 shares, an increase of 13.1% from the October 15th total of 8,670,000 shares. Based on an average daily trading volume, of 3,030,000 shares, the days-to-cover ratio is currently 3.2 days. Approximately 1.8% of the shares of the stock are short sold.
View Cognizant Technology Solutions' Short Interest
.

Who are some of Cognizant Technology Solutions' key competitors?

What other stocks do shareholders of Cognizant Technology Solutions own?

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), The Walt Disney (DIS), Intel (INTC), Micron Technology (MU), Gilead Sciences (GILD), Mastercard (MA) and Visa (V).

Who are Cognizant Technology Solutions' key executives?

Cognizant Technology Solutions' management team includes the following people:
  • Mr. Brian Humphries, CEO & Director (Age 46, Pay $5.61M)
  • Mr. Malcolm Frank, Exec. VP & Pres of Cognizant Digital Bus. (Age 53, Pay $935.95k)
  • Ms. Karen A. McLoughlin, Exec. Officer (Age 55, Pay $1.08M)
  • Mr. Dharmendra Kumar Sinha, Exec. VP & Pres of North America (Age 57, Pay $936.6k)
  • Mr. Jan Siegmund, Chief Financial Officer (Age 56)
  • Mr. Srinivasan Veeraraghavachary, Exec. VP & Chief Operating Officer (Age 60)
  • Mr. Robert Telesmanic, Sr. VP, Corp. Controller & Chief Accounting Officer (Age 53)
  • Mr. Gregory Lawrence Hyttenrauch, Exec. VP and Pres of Cognizant Digital Systems & Technology (Age 52)
  • Ms. Katie Royce, Global Head of Investor Relations
  • Mr. Matthew W. Friedrich, Exec. VP, Gen. Counsel, Chief Corp. Affairs Officer & Sec. (Age 53)

What is Cognizant Technology Solutions' stock symbol?

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

Who are Cognizant Technology Solutions' major shareholders?

Cognizant Technology Solutions' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.75%), State Street Corp (4.34%), Massachusetts Financial Services Co. MA (1.97%), Pzena Investment Management LLC (1.62%), Diamond Hill Capital Management Inc. (0.89%) and Yacktman Asset Management LP (0.81%). Company insiders that own Cognizant Technology Solutions stock include Allen Shaheen, Brian Humphries, Dharmendra Kumar Sinha, 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, Srinivasan Veeraraghavachary and Venkat Krishnaswamy.
View institutional ownership trends for Cognizant Technology Solutions
.

Which major investors are selling Cognizant Technology Solutions stock?

CTSH stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Massachusetts Financial Services Co. MA, AQR Capital Management LLC, Genesis Investment Management LLP, State Street Corp, First Trust Advisors LP, ARGA Investment Management LP, and Royal London Asset Management Ltd.. Company insiders that have sold Cognizant Technology Solutions company stock in the last year include Dharmendra Kumar Sinha, 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
.

Which major investors are buying Cognizant Technology Solutions stock?

CTSH stock was acquired by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Diamond Hill Capital Management Inc., Los Angeles Capital Management & Equity Research Inc., Retirement Systems of Alabama, J. Goldman & Co LP, BP PLC, Morgan Stanley, and State of Alaska Department of Revenue.
View insider buying and selling activity for Cognizant Technology Solutions
.

How do I buy shares of 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.

What is Cognizant Technology Solutions' stock price today?

One share of CTSH stock can currently be purchased for approximately $78.41.

How big of a company is Cognizant Technology Solutions?

Cognizant Technology Solutions has a market capitalization of $42.52 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.

What is Cognizant Technology Solutions' official website?

The official website for Cognizant Technology Solutions is www.cognizant.com.

How can I contact Cognizant Technology Solutions?

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]

This page was last updated on 11/28/2020 by MarketBeat.com Staff

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