COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Cognizant Technology Solutions Corp. engages in providing information technology, consulting, and business process outsourcing services. Its services include application services, artificial intelligence, business process services, cloud solutions, and core modernization. It operates through the following segments: Financial Services (FS), Healthcare Sciences (HS), Products and Resources (P and R), and Communications, Media, and Technology (CMT). The FS segment focuses on banking and insurance services. The HS segment is involved in healthcare and life sciences. The P and R segment includes retail and consumer goods. The CMT segment relates to communications, information, media and entertainment, and technology. The company was founded by Wijeyaraj Kumar Mahadeva and Francisco D'Souza on April 6, 1988 and is headquartered in Teaneck, NJ.

Address

300 FRANK W. BURR BLVD., STE. 36, 6 FL.
TEANECK, NJ 07666

Founded

1988

Number of Employees

347,700

Website

http://www.cognizant.com

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )		 $188,194 $375,994 $439,484 - $355,127 $1,666,770 $1,553,483 $695,496 $1,344,351 $997,624 $172,511 $778,903
Average Price $49.52 $63.19 $57.37 - $29.09 $48.77 $67.27 $75.40 $70.58 $67.14 $73.68 $58.85
# Shares Purchased 3,800,000 5,950,000 7,660,477 - 12,208,792 34,179,068 23,091,610 9,223,823 19,048,318 14,858,916 2,341,396 13,236,240
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 55.5% 21.9% 34.2% - 164.7% 57.9% 14.5% 2.1% 9.1% 14.7% 4.5% 30.8%
S&P 500 Return to Date 181.9% 173.0% 168.6% - 104.9% 93.1% 74.8% 31.7% 37.3% 31.3% 7.4% 90.4%
Excess Total Return -126.4% -151.1% -134.4% - 59.9% -35.2% -60.4% -29.5% -28.2% -16.6% -2.9% -59.5%
Quartile Rank
Percentile Rank 48% 40% 42% - 84% 62% 37% 47% 55% 54% 51% 62%
*ASR price paid per share is unavailable, StockOcean uses average price paid per share of open market and privately negotiated purchases.
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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COGNIZANT TECHNOLOGY SOLUTIONS CORP