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By The Online Investor Staff, updated Tue., Jun. 19, 5:51 PM

Slide #2. Cognizant Technology Solutions Corporation

Company: Cognizant Technology Solutions Corporation (NASDAQ:CTSH)
$Amount Authorized: $600,000,000
Buyback Details: Cognizant Technology Solutions Corporation (Nasdaq: CTSH), today announced that it has entered into an accelerated share repurchase ("ASR") agreement with Morgan Stanley & Co. LLC to repurchase an aggregate of $600 million of Cognizant's Class A common stock. In February 2017, the Company announced a plan to return $3.4 billion to stockholders by the end of 2018 through a combination of $2.7 billion in stock repurchases and $0.7 billion in dividends. With the ASR announced today, the Company will deliver early on its commitment as to stock repurchases with the anticipated final settlement of the ASR during the third quarter of 2018.

Cognizant Technology Solutions is a professional services company, transforming customers' business, operating and technology models for the digital era. Co.'s core competencies include: business, process, operations and technology consulting, digital services, application development and systems integration, enterprise information management, application testing, application maintenance, information technology, infrastructure services, and business process services. Co. tailors its services to specific industries and utilizes an integrated global delivery model with customer service teams typically based on site at customer locations and delivery teams located at global delivery centers.

Cognizant Technology Solutions SEC Filing Email Alerts Service

Open the CTSH Page at The Online Investor »

Company Name:  Cognizant Technology Solutions Corp.
Stock buyback:  CTSH buyback
Sector:  Information Technology Services
Number of ETFs Holding CTSH:  94
Total Market Value Held by ETFs:  $2.88B
Total Market Capitalization:  $47.28B
% of Market Cap. Held by ETFs:  6.09%

Open the CTSH Page at The Online Investor (in a new window) »

June 19, 2018    5:51 PM Eastern
Quotes delayed 20 minutes

Strong Buy (3.67 out of 4)
73rd percentile
(ranked higher than approx. 73% of all stocks covered)
Based on Zacks ABR data;
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