|Bid||70.85 x 1800|
|Ask||71.39 x 1200|
|Day's Range||70.64 - 72.05|
|52 Week Range||59.47 - 83.35|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||19.69|
|Earnings Date||May 6, 2019 - May 10, 2019|
|Forward Dividend & Yield||0.80 (1.11%)|
|1y Target Est||83.10|
TEANECK, N.J., March 18, 2019 /PRNewswire/ -- Cognizant (CTSH) announced its work with New York City based health insurance provider EmblemHealth, one of the largest non-profit health insurers in the U.S., to consolidate all of its applications and operations using Oracle Cloud Applications. EmblemHealth is at the forefront of change and committed to finding new ways to deliver quality care at affordable prices. The company began working with Cognizant in 2016 to transform and modernize their entire technology infrastructure and business processes.
Capita posted a big fall in profits on Thursday as the outsourcer faced a decline in work from local authorities, underscoring the challenge of overhauling the business. Pre-tax profits fell 26 per cent to £282.1m last year, while revenues dropped 5 per cent to £3.87bn.
TEANECK, N.J., March 13, 2019 /PRNewswire/ -- Cognizant (CTSH) today announced the official opening of its Cognizant ATG Missoula Solution Center in Missoula, Mont., which follows Cognizant's 2018 acquisition of Advanced Technology Group (ATG), a provider of customer and revenue management consulting and implementation services focused on the Salesforce platform.
A U.S. Justice Department program that incentivizes companies to self-report foreign corruption is making headway as prosecutors look for ways to hold individuals accountable for wrongdoing, according to an official in the department’s Foreign Corrupt Practices Act unit. , assistant chief of the Justice Department’s FCPA unit, said Tuesday at a New York event hosted by The Wall Street Journal and Dow Jones Risk & Compliance. The Justice Department in 2016 launched a pilot program offering lenient penalties and limited prosecution to companies that reported wrongdoing under the FCPA, cooperated with government investigators, strengthened compliance practices and disgorged profits.
Cognizant Technology Solutions Corp NASDAQ/NGS:CTSHView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for CTSH with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative but appears to be improving. Over the last one-month, outflows of investor capital in ETFs holding CTSH totaled $2.42 billion. However, outflows appear to be slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, but is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
TEANECK, N.J., March 12, 2019 /PRNewswire/ -- Cognizant (CTSH) announced it is developing a new digital strategy for Jack in the Box® restaurants, one of the largest hamburger chains in the U.S. The initiative includes a mobile app that enhances the brand's "on-the-go" experience by enabling customers to view menus, exclusive promotions, and everyday value deals, find the nearest location, place orders in advance, and pay using their mobile phones. The app is now available for use with all 2,200+ Jack in the Box locations in the U.S. San Diego-based Jack in the Box partnered with Cognizant digital experts to understand customer requirements, workflows and to create a scalable digital platform. "At Jack in the Box, we're committed to harnessing digital technologies to improve every part of our business from the guest experience to our back-office operations," said Adrienne Ingoldt, Vice President, Marketing Communications, Jack in the Box.
While other tech companies long ago moved investment away from free services and toward cloud applications, Facebook (NASDAQ:FB) remained stubbornly devoted to the "free" web.Source: Via FacebookInstagram, Whatsapp and Facebook are monetized strictly through advertising. In today's market, that's an unpopular stance.Despite a top-line growth rate of nearly 40% and despite having $41 billion in the bank and no debt, Facebook still has a price-earnings ratio of 22. That's in line with industry averages, and FB stock is valued at 16 times its 2018 operating cash flow of $29.2 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFacebook is thus the cheapest of the "Cloud Czars," the companies whose huge data centers and fiber optic lines now dominate global communications. It's the cheapest because the risks in its business model, the cost of policing internet speech, keep rising.But all this may be about to change. A Local OrdinanceEver since the Web was spun, 25 years ago, activists have warned that the First Amendment is only a local ordinance and even that has limits. * 7 Dividend Stocks Already Rewarding Shareholders In 2019 What can, or should, Facebook do about the propaganda of anti-vaccination groups that is leading to outbreaks of previously tamed diseases that could let those germs mutate and threaten millions? It will stop promoting them, stop treating them as an advertising target, but it won't remove them or edit them. Needless to say, no one is happy.Around the world, wherever there is controversy, Facebook is stuck in the middle. It recently acted against "inauthentic behavior," groups inciting violence in Great Britain and Romania, taking down both Facebook and Instagram accounts. A lot of this moderation work has been outsourced to Cognizant (NASDAQ:CTSH), which is based in New Jersey but mainly operates out of India. Staffers are making what The Verge calls "fast food wages" and being driven crazy by the conspiracy theories they're forced to focus on.What Facebook bears are realizing is that being the world's speech police doesn't scale. Turn to WeChatCEO Mark Zuckerberg's latest missive to the world admits that "public social networks" like Facebook are losing out to "private, encrypted services." He is refocusing Facebook on that.In other words, Facebook wants to become WeChat, the Chinese service of Tencent Holdings (OTCMKTS:TCEHY).American users (like me) see WeChat as a text service that supports links and Chinese characters, but it's much more. Most important for Facebook is that it's a payment service, used for everything from booking doctor appointments to filing police reports.These are paid services, although they can also be supported by ads from merchants. China's mobile payments business came to $32 trillion in 2017, according to China Daily.Facebook could back these payments with a "Facebook coin," convertible into currency. It's a consumer version of the JPM Coin from JPMorgan Chase (NYSE:JPM), which I wrote about last month. Bottom Line on Facebook StockFacebook is launching its biggest pivot since early in the decade when it committed to building cloud data centers before it had the cash flow to support them.It hopes that by switching from public to private communications, and from ad-based to transaction-based services, Facebook can create spectacular growth without the controversy, and costs, it faces now. If it works out as hoped, Facebook's market cap could easily approach that of the other Cloud Czars. Tencent's market cap stood at $416 billion on March 8.If Facebook had headed down this path five years ago, I'd be screaming buy, buy, buy. But the reputation hit Facebook has taken over the last year, and the cost of scaling to launch a full WeChat competitor makes me hesitant.Facebook is no longer just a growth stock, it's become pure speculation as well.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in JPM, MSFT, AAPL and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks Already Rewarding Shareholders In 2019 * The 10 Best-Performing ETFs This Year * 7 Stocks That Should Be Worried About a Data Dividend Compare Brokers The post Is Facebook Stock Still a Growth Play or Pure Speculation? appeared first on InvestorPlace.
Cognizant (CTSH) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
TEANECK, N.J., March 7, 2019 /PRNewswire/ -- Cognizant Technology Solutions Corporation (CTSH), today announced that it has entered into accelerated share repurchase ("ASR") agreements with HSBC Bank USA, National Association and Societe Generale to repurchase an aggregate of $600 million of Cognizant's Class A common stock. The ASR announced today is part of the Company's previously announced capital return plan to utilize approximately 50% of its global free cash flow1 on an annual basis for share repurchases and dividends. The final number of shares to be repurchased will be based on the volume-weighted average stock price of Cognizant's Class A common stock less a discount and subject to potential adjustments pursuant to the terms of the ASR agreements.
Cognizant's (CTSH) acquisition of Meritsoft not only strengthens the former's software-as-a-Service (SaaS) portfolio but also expands its footprint among financial institutions.
TEANECK, N.J., March 5, 2019 /PRNewswire/ -- Cognizant (CTSH) today announced it has acquired Meritsoft, a privately-held financial software company based in Dublin, Ireland. Meritsoft is best known for its FINBOS platform for post-trade processing, an intelligent automation solution for managing taxes, fees, commissions, and cash flow functions between financial institutions. Meritsoft's products are currently used by five of the world's eight leading investment banks. Financial details of the transaction were not disclosed. Cognizant and Meritsoft have a track record of working together, meeting demand for integrated solutions that leverage the agility of Meritsoft's FINBOS platform and Cognizant's managed services and digital operations capabilities.
Corp. shows how a company can avoid criminal charges even if its C-Suite was involved in alleged wrongdoing. Two former Cognizant executives—an ex-president and a former chief legal officer, who oversaw the company’s compliance program—were charged last week for allegedly approving illicit payments to help build a corporate campus in India. Not facing criminal charges: Cognizant itself.
Cognizant Technology Solutions Corp is an IT services provider. The dividend yield of Cognizant Technology Solutions Corp stocks is 1.10%. Cognizant Technology Solutions Corp had annual average EBITDA growth of 19.50% over the past ten years.
Two former executives of outsourcing-operations company Cognizant Technology Solutions Corp. were charged by U.S. authorities with foreign bribery for allegedly approving illicit payments to help build a corporate campus in India. Gordon Coburn, the company’s former president, and Steven Schwartz, its former chief legal officer, authorized a $2 million bribe to at least one government official in India to secure permits necessary for the construction of an office campus there to support roughly 17,000 employees, prosecutors said. Cognizant has more than 250,000 employees globally, more than half of whom work in various locations in India .
TEANECK, N.J. , Feb. 18, 2019 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process services, today announced a presentation at the following ...
TEANECK, N.J., Feb. 18, 2019 /PRNewswire/ -- Cognizant (CTSH) has been certified as a Top Employer for 2019 in Australia, Brazil and Singapore, as well as across ten European countries: Belgium, France, Germany, Lithuania, Netherlands, Norway, Spain, Sweden, Switzerland, and the United Kingdom. This year marks the first time that France and Lithuania join the list. The annual research by the Top Employers Institute recognizes leading employers globally that continuously optimize employment practices to provide an outstanding work environment, and develop and nurture talent. The research cited Cognizant's strong performance in talent strategy in Europe, Singapore and Brazil. Europe, including the new entrants, was also rated highly in the categories of workforce planning and on-boarding.
WASHINGTON (AP) — The Justice Department alleges two former executives for Cognizant Technology Solutions paid about $2 million in bribes to Indian officials to build an office campus in the country.
The U.S. Department of Justice said the former president, Gordon Coburn, and the former chief legal officer, Steven Schwartz, were charged in a 12-count indictment with violating the federal Foreign Corrupt Practices Act and other offenses. According to the indictment, in 2014 Coburn and Schwartz allegedly authorized an unlawful payment of approximately $2 million to one or more government officials in India to secure and obtain a permit to build a new campus in the country.
"We are pleased to reach these resolutions with the U.S. Department of Justice and the U.S. Securities and Exchange Commission. With today's announcements, we've taken a major step forward in putting this behind us," said Francisco D'Souza, Vice Chairman and CEO of Cognizant. "Further, we are gratified that both the DOJ and SEC recognized that we voluntarily and promptly notified U.S. authorities of the potential issues in India more than two years ago, and cooperated extensively with their investigations. We undertook a comprehensive internal investigation under the oversight of the Audit Committee of the Board of Directors, with the assistance of outside counsel.
U.S. authorities on Friday announced criminal charges against two former Cognizant Technology Solutions Corp officials for their roles in a bribery scheme in India, and said the company will pay $25 million to settle a related civil case. The U.S. Department of Justice said former president Gordon Coburn and former chief legal officer Steven Schwartz were charged in a 12-count indictment with violating the federal Foreign Corrupt Practices Act and other offenses. Cognizant's payment, which includes a $6 million fine, resolves a related case by the U.S. Securities and Exchange Commission.
The Securities and Exchange Commission settled charges on Friday with Cognizant Technology Solutions Corporation and two of the company's former executives, who agreed to pay $25 million for alleged payment of millions of dollars in a bribe to an Indian government official in violation of the Foreign Corrupt Practices Act. The SEC's complaint alleges that in 2014, a senior government official of the Indian state of Tamil Nadu demanded a $2 million bribe from the construction firm responsible for building Cognizant's 2.7 million square foot campus in Chennai, India. Cognizant's President Gordon Coburn and Chief Legal Officer Steven E. Schwartz allegedly authorized the contractor to pay the bribe, and directed their subordinates to conceal the bribe by doctoring the contractor's change orders. Without admitting or denying the allegations, the company agreed to pay disgorgement and prejudgment interest of approximately $19 million and a penalty of $6 million. The Department of Justice and the U.S. Attorney's Office for the District of New Jersey also announced the indictment of Coburn and Schwartz on Friday on criminal charges of violating and conspiring to violate the FCPA's anti-bribery and accounting provisions.
NEW YORK, Feb. 13, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
Medidata (MDSO) and Cognizant (CTSH) have entered into a strategic alliance to offer life science clients comprehensive solutions that leverage the market’s leading cloud platform with world-class business and technology services. This provides pharmaceutical, biotech, medical device companies, contract research organizations (CROs), sites and investigators with digital capabilities to facilitate a fast start to clinical trials, simplify operational complexities and drive digital transformation.