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 shares have decreased by 10.1% and is now trading at $47.80. View which stocks have been mosted impacted by Coronavirus.

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognizant Technology Solutions in the last year. There are currently 7 sell ratings, 11 hold ratings and 7 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 Thursday, May 7th 2020. View our earnings forecast for Cognizant Technology Solutions.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) released its quarterly earnings data on Wednesday, February, 5th. The information technology service provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.03. The information technology service provider had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.23 billion. Cognizant Technology Solutions had a net margin of 10.98% and a return on equity of 20.60%. The company's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.13 EPS. View Cognizant Technology Solutions' earnings history.

Cognizant Technology Solutions declared a quarterly dividend on Wednesday, February 5th. Investors of record on Tuesday, February 18th will be given a dividend of $0.22 per share on Friday, February 28th. This represents a $0.88 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Friday, February 14th. This is a boost from Cognizant Technology Solutions's previous quarterly dividend of $0.20. View Cognizant Technology Solutions' dividend history.

Cognizant Technology Solutions's stock split on the morning of Monday, March 10th 2014. The 2-1 split was announced on Wednesday, February 5th 2014. The newly issued 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.

Cognizant Technology Solutions announced that its board has initiated a share repurchase program on Wednesday, February 5th 2020, which allows the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 5.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its stock is undervalued.

Cognizant Technology Solutions issued an update on its FY20 earnings guidance on Wednesday, February, 5th. The company provided earnings per share (EPS) guidance of $3.97-$4.13 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.13. The company issued revenue guidance of $17.14-$17.47 billion, compared to the consensus revenue estimate of $17.25 billion.

25 brokerages have issued 12 month target prices for Cognizant Technology Solutions' stock. Their forecasts range from $37.00 to $81.00. On average, they expect Cognizant Technology Solutions' share price to reach $64.65 in the next year. This suggests a possible upside of 35.2% from the stock's current price. View analysts' price targets for Cognizant Technology Solutions.

Media headlines about CTSH stock have trended very negative on Tuesday, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Cognizant Technology Solutions earned a news impact score of -3.3 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 near term. View the latest news aboutCognizant Technology Solutions.

Cognizant Technology Solutions saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 12,211,200 shares, an increase of 19.5% from the February 27th total of 10,220,000 shares. Based on an average daily trading volume, of 5,120,600 shares, the short-interest ratio is presently 2.4 days. Approximately 2.2% of the company's shares are short sold. View Cognizant Technology Solutions' Current Options Chain.

Some companies that are related to Cognizant Technology Solutions include Accenture (ACN), IBM (IBM), Leidos (LDOS), Booz Allen Hamilton (BAH), EPAM Systems (EPAM), Gartner (IT), 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).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cognizant Technology Solutions investors own include Hawkins (HWKN), CA (CA), NVIDIA (NVDA), Walt Disney (DIS), Micron Technology (MU), Alibaba Group (BABA), BlackRock (BLK), Netflix (NFLX), Gilead Sciences (GILD) 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 institutional and retail investors. Top institutional investors include LGT Capital Partners LTD. (0.22%), CLARET ASSET MANAGEMENT Corp (0.04%), State of Alaska Department of Revenue (0.03%), Fulton Bank N.A. (0.01%), Pensionfund Sabic (0.01%) and Birch Capital Management LLC (0.00%). 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, Leo S Jr Mackay, Malcolm Frank, Matthew W Friedrich, Rajeev Mehta, Robert Telesmanic, Sean Middleton, Srinivasan Veeraraghavachary, Sumithra Gomatam and Venkat Krishnaswamy. View institutional ownership trends for Cognizant Technology Solutions.

CTSH stock was purchased by a variety of institutional investors in the last quarter, including LGT Capital Partners LTD., State of Alaska Department of Revenue, CLARET ASSET MANAGEMENT Corp, IBM Retirement Fund, Pensionfund Sabic, Fulton Bank N.A., Birch Capital Management LLC, and Private Trust Co. NA. 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 $47.80.

Cognizant Technology Solutions has a market capitalization of $26.22 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. View additional information about Cognizant Technology Solutions.

The official website for Cognizant Technology Solutions is http://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]