NASDAQ:CTSHCognizant Technology Solutions Stock Price, Forecast & News

Cognizant Technology Solutions' stock was trading at $53.15 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CTSH stock has increased by 4.9% and is now trading at $55.78. View which stocks have been most impacted by Coronavirus.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognizant Technology Solutions in the last year. There are currently 6 sell ratings, 8 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cognizant Technology Solutions.

Cognizant Technology Solutions is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Cognizant Technology Solutions.

Cognizant Technology Solutions will be holding an earnings conference call on Wednesday, July 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) announced its quarterly earnings data on Thursday, May, 7th. The information technology service provider reported $0.96 EPS for the quarter, beating the Zacks' consensus estimate of $0.93 by $0.03. The information technology service provider had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.22 billion. Cognizant Technology Solutions had a net margin of 10.46% and a return on equity of 20.90%. The company's revenue was up 2.8% on a year-over-year basis. During the same period last year, the business posted $0.91 earnings per share. View Cognizant Technology Solutions' earnings history.

Cognizant Technology Solutions declared a quarterly dividend on Thursday, May 7th. Stockholders of record on Wednesday, May 20th will be given a dividend of $0.22 per share on Friday, May 29th. This represents a $0.88 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, May 19th. View Cognizant Technology Solutions' dividend history.

Cognizant Technology Solutions's stock split before market open on Monday, March 10th 2014. The 2-1 split was announced on Wednesday, February 5th 2014. The newly issued shares were payable 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 declared that its board has authorized a share buyback plan 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 purchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

20 brokers have issued 12-month target prices for Cognizant Technology Solutions' shares. Their forecasts range from $37.00 to $81.00. On average, they expect Cognizant Technology Solutions' share price to reach $62.17 in the next year. This suggests a possible upside of 11.4% from the stock's current price. View analysts' price targets for Cognizant Technology Solutions.

News stories about CTSH stock have been trending negative recently, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cognizant Technology Solutions earned a news impact score of -2.6 on InfoTrie's scale. They also gave press coverage about the information technology service provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news about Cognizant Technology Solutions.

Cognizant Technology Solutions saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 12,000,000 shares, an increase of 10.5% from the May 31st total of 10,860,000 shares. Based on an average trading volume of 4,640,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 2.2% of the shares of the company are short sold. View Cognizant Technology Solutions' Current Options Chain.

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). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cognizant Technology Solutions investors own include Hawkins (HWKN), CA (CA), NVIDIA (NVDA), Micron Technology (MU), Walt Disney (DIS), Netflix (NFLX), Gilead Sciences (GILD), Intel (INTC), Alibaba Group (BABA) and Boeing (BA).

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 shareholders include Genesis Investment Management LLP (0.54%), LGT Capital Partners LTD. (0.24%), Envestnet Asset Management Inc. (0.16%), Reinhart Partners Inc. (0.08%), State of Alaska Department of Revenue (0.04%) and Chesley Taft & Associates LLC (0.02%). Company insiders that own Cognizant Technology Solutions stock include Allen Shaheen, Brian Humphries, Francisco Dsouza, Gajakarnan Vibushanan Kandiah, James Patrick Lennox, John E Klein, 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 Fulton Bank N. A., Reinhart Partners Inc., DNB Asset Management AS, Birch Capital Management LLC, Addenda Capital Inc., Forte Capital LLC ADV, Legacy Capital Partners Inc., and Chesley Taft & Associates LLC. Company insiders that have sold Cognizant Technology Solutions company stock in the last year include Allen Shaheen, Francisco Dsouza, James Patrick Lennox, John E Klein, Karen Mcloughlin, Malcolm Frank, Matthew W Friedrich, and Robert Telesmanic. View insider buying and selling activity for Cognizant Technology Solutions.

CTSH stock was bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., LGT Capital Partners LTD., State of Alaska Department of Revenue, Genesis Investment Management LLP, Unison Advisors LLC, Diversified Trust Co, First Financial Bank Trust Division, and Everence Capital Management Inc.. 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 $55.78.

Cognizant Technology Solutions has a market capitalization of $30.15 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]