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 customer experience enhancement, robotic process automation, analytics, and AI services in areas, such as digital lending, fraud detection, and next generation payments; and enhanced compliance, integrated health management, claims investigative services, and patient experience, as well as services that drive operational improvements in areas, such as claims processing, enrollment, membership, and billing to healthcare providers and payers, and life sciences companies, including pharmaceutical, biotech, and medical device companies. The company also provides solution to manufacturers, retailers and travel and hospitality companies, as well as companies providing logistics, energy and utility services; and cloud, interactive, and IoT services to information, media and entertainment, and communications and technology companies. Cognizant Technology Solutions Corporation was founded in 1994 and is headquartered in Teaneck, New Jersey.
IPO Year: 1998
Exchange: NASDAQ
Website: cognizant.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/28/2024 | $90.00 | Buy | Jefferies |
| 8/7/2024 | $73.00 → $75.00 | Underperform → Neutral | BofA Securities |
| 6/24/2024 | $72.00 | Neutral | Goldman |
| 4/1/2024 | $87.00 → $80.00 | Positive → Neutral | Susquehanna |
| 3/19/2024 | $80.00 | Neutral | Guggenheim |
| 1/30/2024 | $82.00 | Neutral | Mizuho |
| 1/5/2024 | $67.00 | Hold → Sell | Societe Generale |
| 1/4/2024 | Underperform → Peer Perform | Wolfe Research | |
| 12/14/2023 | $61.00 → $75.00 | Underweight → Equal Weight | Barclays |
| 11/16/2023 | $68.00 | Neutral | Redburn Atlantic |
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Global learning solutions provider renews collaboration with Cognizant to help optimize its back-office IT operations, enhance efficiencies, and support timely order management and product delivery TEANECK, N.J., Nov. 14, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) announced today the continuation of its relationship with Savvas Learning Company with the aim to ensure that IT functions run seamlessly for the leading K-12 learning solutions provider, supporting its mission of delivering innovative, high-quality instructional materials to the millions of educators and students it serves.
Collaboration debuts solutions that aim to enable enterprises to manage complexity, modernize legacy applications and innovate with enterprise-scale AI. TEANECK, N.J. , Nov. 6, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) and IBM announced the debut of a new FinOps1 Center of Excellence (CoE), built on IBM's leading FinOps software and Cognizant's cloud and developer platforms. The global innovation center harnesses the strengths of Cognizant's industry and technology expertise, combined with IBM solutions, to help global clients address challenges, including escalating costs, around AI readiness, cloud governance and architecture modernization.
Revenue of $5.0 billion, increased 3.0% year-over-year or 2.7% in constant currency1, the high end of our guidance rangesOperating margin of 14.6%, sequentially flat and increased 60 basis points year-over-year; year-to-date operating margin of 14.6%, increased 110 basis points year-over-yearAdjusted Operating Margin1 of 15.3%, increased 10 basis points sequentially and decreased 20 basis points year-over-year; year-to-date Adjusted Operating Margin of 15.2%, increased 40 basis points year-over-yearTrailing 12-month bookings of $26.2 billion; book-to-bill of 1.3xStrong growth in Health Sciences, up 7.8% year-over-year or 7.6% in constant currency, and return to growth in Financial Services,
Launched about one year ago, Cognizant created Synapse as a global program to equip individuals with the technology skills they need to be part of the workforce of the future. TEANECK, N.J., Oct. 29, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced it has reached more than 275,000 people via its global skilling initiative, Synapse, which launched one year ago in October, 2023. This milestone shows Cognizant is more than a quarter of the way toward reaching the program's goal to advance technology job training for one million people worldwide by the end of 2026. The
Utilizing Cognizant's top-tier managed services frameworks and tools, the partnership aims to enhance Alnylam's automation and reduce operational efforts TEANECK, N.J., Oct. 29, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) announced today a new agreement with Alnylam Pharmaceuticals, Inc., a leading biopharmaceutical company and the pioneer in RNA interference (RNAi) therapeutics. Cognizant will serve as an integral IT Managed Services provider for Alnylam. This collaboration aims to scale Alnylam's IT operations and accelerate its capabilities in delivering transformative medicines.
Cognizant and AWS to bring generative AI-powered offerings to market to transform manufacturing operations at scale, for enterprises in industrial, automotive, life sciences and consumer goods industries TEANECK, N.J., Oct. 29, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) announced today that it has signed a strategic collaboration agreement (SCA) with Amazon Web Services (AWS), with plans to deliver advanced technology solutions and cloud computing services, focused on enhancing smart manufacturing capabilities for global enterprises across industries. This latest expansion
TEANECK, N.J., Oct. 24, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced it has been named number 10 on Newsweek's list of America's Most Reliable Companies. This prestigious recognition recognizes companies that deliver exceptional reliability for clients through dependable actions and decisions. America's Most Reliable Companies 2025 is presented in collaboration with Statista, the world-leading statistics portal and industry ranking provider. Companies were identified through an independent survey of more than 1,700 decision-makers who do business with B2B compa
Collaboration leverages NVIDIA AI and Cognizant's data analytics accelerators with the goal to optimize enterprise cloud costs, enhance performance and help clients modernize their infrastructure to be AI-ready. TEANECK, N.J., Oct. 24, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) is enhancing its data modernization offering by leveraging the full stack NVIDIA accelerated computing platform, including NVIDIA RAPIDS, part of the NVIDIA AI Enterprise software platform, along with the Cognizant® Data and Intelligence Toolkit, to address the growing challenges enterprises face in controlling cloud computing costs.
Cognizant leveraged Duck Creek Technologies' cutting-edge policy administration system to modernize FCCI's operations and expand the insurance group's footprint into the Excess & Surplus market TEANECK, N.J., Oct. 23, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) announced today that, under strategic partnership as system integrator with FCCI Insurance Group (FCCI), they have supported the creation of FCCI's new Excess & Surplus (E&S) lines of business, which launched Oct. 1, 2024. This strategic collaboration leveraged Cognizant's expertise in the insurance sector and Duck Creek Policy with Active Delivery with the goal to modernize FCCI's operations and drive expansion into the E&S market.
Company also recognized for innovative sustainability efforts with 2024 International Green Apple Environment Award and two National Awards for Excellence in CSR & Sustainability TEANECK, N.J., Oct. 17, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced that it has been named one of America's Greenest Companies by Newsweek magazine and has been recognized among the Top 300 companies in the U.S., based on environmental sustainability. Cognizant was also recognized recently with multiple awards for its sustainability efforts including a 2024 International Green Apple Environment Award in the Environmental Improvement category and two National Awards for Excellence in CSR & Sustainabi
Jefferies resumed coverage of Cognizant Tech with a rating of Buy and set a new price target of $90.00
BofA Securities upgraded Cognizant Tech from Underperform to Neutral and set a new price target of $75.00 from $73.00 previously
Goldman initiated coverage of Cognizant Tech with a rating of Neutral and set a new price target of $72.00
Susquehanna downgraded Cognizant Tech from Positive to Neutral and set a new price target of $80.00 from $87.00 previously
Guggenheim initiated coverage of Cognizant Tech with a rating of Neutral and set a new price target of $80.00
Mizuho initiated coverage of Cognizant Tech with a rating of Neutral and set a new price target of $82.00
Societe Generale downgraded Cognizant Tech from Hold to Sell and set a new price target of $67.00
Wolfe Research upgraded Cognizant Tech from Underperform to Peer Perform
Barclays upgraded Cognizant Tech from Underweight to Equal Weight and set a new price target of $75.00 from $61.00 previously
Redburn Atlantic initiated coverage of Cognizant Tech with a rating of Neutral and set a new price target of $68.00
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Revenue of $5.0 billion, increased 3.0% year-over-year or 2.7% in constant currency1, the high end of our guidance rangesOperating margin of 14.6%, sequentially flat and increased 60 basis points year-over-year; year-to-date operating margin of 14.6%, increased 110 basis points year-over-yearAdjusted Operating Margin1 of 15.3%, increased 10 basis points sequentially and decreased 20 basis points year-over-year; year-to-date Adjusted Operating Margin of 15.2%, increased 40 basis points year-over-yearTrailing 12-month bookings of $26.2 billion; book-to-bill of 1.3xStrong growth in Health Sciences, up 7.8% year-over-year or 7.6% in constant currency, and return to growth in Financial Services,
TEANECK, N.J., Oct. 9, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH), a leading provider of information technology, consulting, and business process services, will announce results for the third quarter of 2024 on Wednesday, October 30, 2024 after market close. Following the release, Cognizant management will conduct a conference call at 5:00 p.m. (Eastern) to discuss operating performance for the quarter. To participate in the conference call, domestic callers can dial 877-810-9510 and international callers can dial 201-493-6778 and provide the following conference passcode: C
TEANECK, N.J., Aug. 27, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced it completed the acquisition of Belcan for approximately $1.3 billion in cash and stock. Belcan is a leading global supplier of Engineering Research & Development (ER&D) services for the commercial aerospace, defense, space, marine and industrial verticals. First announced in June 2024, the strategic acquisition strengthens Cognizant's engineering capabilities, builds on its leadership in the Internet of Things (IoT) and Digital Engineering practice areas, and increases its presence in the h
Revenue of $4.9 billion, above the high end of our guidance range; sequentially increased 1.9%, or 2.1% in constant currency1Operating margin of 14.6%, up from 11.8% in the second quarter of 2023, and Adjusted Operating Margin1 of 15.2%, which expanded 100 basis points year-over-yearTrailing 12-month bookings of $26.2 billion; book-to-bill of 1.4xThird quarter of 2024 revenue guidance of flat to 1.5% year-over-year growth in constant currencyFull-year 2024 revenue guidance narrowed to a decline of 0.5% to growth of 1.0% in constant currency, an increase at the midpointFull-year 2024 Adjusted Operating Margin guidance unchanged at 15.3-15.5%, representing year-over-year expansion of 20 to 40
TEANECK, N.J., July 17, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH), a leading provider of information technology, consulting, and business process services, will announce results for the second quarter of 2024 on Wednesday, July 31, 2024 after market close. Following the release, Cognizant management will conduct a conference call at 5:00 p.m. (Eastern) to discuss operating performance for the quarter. To participate in the conference call, domestic callers can dial 877-810-9510 and international callers can dial 201-493-6778 and provide the following conference passcode: Co
Significantly expands access to the ~$190 billion rapidly growing, specialized Engineering Research & Development services market Immediately accelerates growth opportunity through presence in attractive aerospace & defense sector with established blue-chip clients Expected to deliver >$100 million in annual revenue synergies within three years and to be accretive to 2026 EPS Cognizant to host investor conference call to discuss transaction on June 10, 2024 at 8:30 a.m. Eastern TEANECK, N.J., June 10, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) (the "Company") today announced it has signed a definitive agreement to acquire Belcan, LLC ("Belcan"), a portfolio company of AE Industrial Part
Revenue of $4.8 billion declined 1.1% year-over-year, or declined 1.2% in constant currency1, which was above the high-end of our guidance rangeOperating margin of 14.6%, flat year-over-year, and Adjusted Operating Margin1 of 15.1%, which expanded 50 basis points year-over-yearTrailing 12-month bookings of $25.9 billion; book-to-bill of 1.3x$284 million returned to shareholders through share repurchases and dividends2024 revenue guidance unchanged at (2.0%) to 2.0% in constant currency2024 Adjusted Operating Margin guidance unchanged at 15.3-15.5%, representing year-over-year expansion of 20 to 40 basis pointsTEANECK, N.J., May 1, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH), one of the worl
TEANECK, N.J., April 10, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH), a leading provider of information technology, consulting, and business process services, will announce results for the first quarter of 2024 on Wednesday, May 1, 2024 after market close. Following the release, Cognizant management will conduct a conference call at 5:00 p.m. (Eastern) to discuss operating performance for the quarter. To participate in the conference call, domestic callers can dial 877-810-9510 and international callers can dial 201-493-6778 and provide the following conference passcode: Cogn
Full-year revenue of $19.4 billion declined 0.4% year-over-year, or declined 0.3% in constant currency1, which was within our guidance rangeFull-year operating margin of 13.9% and Adjusted Operating Margin1 of 15.1%, which was 40 basis points above our guidanceFull-year operating cash flow of $2.3 billion; free cash flow1 of $2.0 billion was 95% of net incomeTrailing 12-month bookings of $26.3 billion, up 9% year-over-year$1.7 billion returned to shareholders through share repurchases and dividends in 2023Cash dividend increased 3% to $0.30 per share for Q1 20242024 revenue growth guidance of (2%) to 2% in constant currency2024 Adjusted Operating Margin guidance 15.3-15.5%, an expansion of 2
TEANECK, N.J., Jan. 16, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH), a leading provider of information technology, consulting, and business process services, will announce results for the fourth quarter of 2023 on Tuesday, February 6, 2024 after market close. Following the release, Cognizant management will conduct a conference call at 5:00 p.m. (Eastern) to discuss operating performance for the quarter. To participate in the conference call, domestic callers can dial 877-810-9510 and international callers can dial 201-493-6778 and provide the following conference passcode: C
Industry veteran brings 30 years of service, operations and digital experience to the role TEANECK, N.J., Aug. 21, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced the appointment of Rajesh Varrier as Global Head of Operations, effective September 2, 2024. Additionally, he will be appointed as Chairman & Managing Director, India, assuming the role October 1, 2024, as Rajesh Nambiar leaves Cognizant to become president of NASSCOM. Varrier will be an Executive Vice President of Cognizant, reporting to Ravi Kumar S, Cognizant's Chief Executive Officer. Varrier will be based in Bangalore, India.
Silvent brings significant experience in human resources, talent management, public policy and government affairs TEANECK, N.J., July 11, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced the appointment of Karima Silvent to its Board of Directors (the "Board") as an independent director, effective immediately. In connection with Ms. Silvent's appointment, Cognizant's Board has expanded to 13 members, 12 of whom are independent. Ms. Silvent currently serves as Group Chief Human Resources Officer and a member of the Management Committee of AXA, a French multinationa
Congruent Solutions, a leading provider of Software-as-a-Service (SaaS) and outsourced plan administration services to the retirement industry in the U.S., today announced the appointment of Mahesh Natarajan as its Chief Revenue Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240424370676/en/Mahesh Natarajan, CRO, Congruent Solutions (Photo: Business Wire) Natarajan is an acknowledged techno-business leader in the insurance and retirement industry, having spent over 25 years with Cognizant (NASDAQ:CTSH), serving clients in the U.S. In this newly created role, Natarajan will be responsible for strengthening strategic rela
HOUSTON, Feb. 14, 2024 /PRNewswire/ -- Lexitas, a leading provider of technology-enabled litigation services and a portfolio company of funds advised by Apax, is pleased to announce the appointment of Sriram ('Sri") Venkateswaran as Chief Financial Officer. "Sri is an outstanding senior finance executive, and we are thrilled to have him on the Lexitas Team" said Gary Buckland, CEO of Lexitas. "Sri has over 20 years of global executive operating experience in Fortune 200 and private equity-owned firms. He is a results-driven Finance and Strategy leader, and we look forward to w
Seasoned public company executive brings strong financial and industry-specific expertise TEANECK, N.J., Sept. 28, 2023 /PRNewswire/ -- Cognizant (NASDAQ:CTSH), one of the world's leading professional services companies, today announced the appointment of Jatin Dalal as Chief Financial Officer, with the appointment anticipated to be effective in December 2023. Dalal will report to Ravi Kumar S, Cognizant's Chief Executive Officer, and oversee, among other responsibilities, Cognizant's worldwide financial planning and analysis, accounting and controllership, tax, treasury and internal audit, corporate development, investor relations and enterprise risk management functions.
Srinivasan Veeraraghavachary named Cprime's President, bringing tech leadership experience to accelerate growth CARY, N.C., Sept. 13, 2023 /PRNewswire-PRWeb/ -- Cprime, a leading provider of agile ways of working and technology consulting services, today announced the appointment of Srinivasan Veeraraghavachary as the company's President and member of its Board of Directors. Mr. Veeraraghavachary previously spent more than two decades with Cognizant (NASDAQ:CTSH), holding several leadership positions, including most recently as Chief Operating Officer and Executive Vice President. During his tenure at Cognizant, he played a key role in driving strong and sustainable growth by defining go-to
Seasoned public company executive brings strong operational, managerial and technological expertise TEANECK, N.J., March 31, 2023 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced the appointment of Abraham ("Bram") Schot to its Board of Directors (the "Board") as an independent director, effective April 3, 2023. Cognizant's Board will expand to 14 members, 13 of whom will be independent. "We are pleased to welcome a leader of Bram's caliber to the Cognizant Board," said Stephen Rohleder, Chair of the Board. "With over three decades of experience in the automotive indust
Domenici brings strong expertise in strategic finance, corporate strategy and M&A TEANECK, N.J., Feb. 13, 2023 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced the appointment of Nella Domenici to its Board of Directors (the "Board") as an independent director, effective February 21, 2023. Upon the commencement of Ms. Domenici's term, which will begin concurrently with the previously announced appointment of Eric Branderiz, Cognizant's Board will expand to 13 members, 12 of whom are independent. "We are pleased to welcome a financial and operations executive of Nella's
In the last three months, 9 analysts have published ratings on Cognizant Tech Solns (NASDAQ:CTSH), offering a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 8 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 1 0 0 3M Ago 0 1 5 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $77.89, a high estimate of $85.00, and a low estimate of $72.00. Highlightin
Barclays analyst Ramsey El-Assal maintains Cognizant Tech Solns (NASDAQ:CTSH) with a Equal-Weight and raises the price target from $75 to $80.
Cognizant (NASDAQ:CTSH) and Whitbread have expanded their digital transformation relationship which will see the professional services provider support the hospitality company's ongoing digital transformation with product design, product management and engineering as Whitbread expands its operations in the UK and Germany.
Cognizant will provide IT infrastructure, security, and data and analytics support to Victory Capital's next phase of digital transformation.TEANECK, N.J., July 17, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) announced today a five-year strategic collaboration with Victory Capital Holdings, Inc. (NASDAQ:VCTR) ("Victory Capital"), a diversified global asset management firm. Cognizant anticipates providing Victory Capital with technology infrastructure, security, and data and analytics capabilities, which will include infrastructure management, security engineering, a 24/7 security operations center, and a comprehensive service desk, which will provide infrastructure and application monitorin
Cognizant (NASDAQ:CTSH) today announced that Chief Financial Officer Jatin Dalal has reached a settlement in the non-compete lawsuit filed by Wipro Limited. The terms of the settlement, which was reached without any admission of liability by either party, are confidential. The settlement resolves all pending disputes between Mr. Dalal and Wipro.
Goldman Sachs analyst James Schneider initiates coverage on Cognizant Tech Solns (NASDAQ:CTSH) with a Neutral rating and announces Price Target of $72.
Agreement expected to help develop next generation of innovative products, elevate customer vehicle experiences, and improve everyday lifeTEANECK, N.J., June 17, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced an agreement to provide engineering services to Gentherm (NASDAQ:THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems. Cognizant is providing systems engineering, validation, and model-based development services from Hyderabad, India, and has created a test facility to conduct research and development for Gentherm products.
Cognizant Tech Solns's (NYSE:CTSH) short percent of float has risen 11.4% since its last report. The company recently reported that it has 15.20 million shares sold short, which is 3.91% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.42 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short i
Mizuho analyst Dan Dolev maintains Cognizant Tech Solns (NASDAQ:CTSH) with a Neutral and maintains $82 price target.
Ratings for Cognizant Tech Solns (NASDAQ:CTSH) were provided by 10 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 8 0 0 Last 30D 0 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 1 5 0 0 3M Ago 0 0 3 0 0 Analysts have set 12-month price targets for Cognizant Tech Solns, revealing an average target of $77.9, a high estimate of $85.00, and a low estimate of $70.00. A negative shift in sentiment is evident as analysts