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Cognizant Technology Solutions Corp (NASDAQ: CTSH) is taking significant steps to enhance shareholder value by expanding its share buyback program by $2 billion, raising the total authorized amount to $3.1 billion. This strategic move comes amidst a challenging economic landscape marked by uncertain IT service demand and elevated interest rates.
The company plans to repurchase $1.1 billion worth of shares this year, exceeding its previous target by $500 million. The decision aligns with Cognizant’s broader strategy to boost shareholder returns while addressing pressures from activist investor Mantle Ridge, which has committed over $1 billion in the company and is advocating for improvements in stock performance.
Following the announcement, Cognizant’s shares saw a 1.7% uptick, reflecting investor confidence in the company’s financial strategy.
Cognizant’s Stock Gains as Firm Increases Buyback Plan
Cognizant’s stock has shown notable movement recently, closing at $77.94 on March 24, 2025, and climbing to $79.86 by March 25, 2025, indicating positive market reception to the buyback news. The stock opened at $78.50 and has seen a day high of $80.52, suggesting a bullish sentiment among investors.
Over the past weeks, the stock has demonstrated resilience, recovering from a recent low of $76.42 on March 21, 2025. The current trading price is approaching its 52-week high of $90.82, showcasing a recovery trajectory from earlier lows. Analysts maintain a “hold” recommendation, with a target mean price of $88.64, suggesting potential for further appreciation.
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CTSH Stock Brief
Cognizant’s financial metrics present a stable outlook, with a dividend yield of 1.59% and a relatively low debt to equity ratio of 10.43, underscoring financial health. The company’s market cap stands at $39.50 billion, and its trailing P/E ratio is 17.71, with a forward P/E ratio of 16.00, indicating investor confidence in future earnings growth.
The stock’s beta of 1.118 suggests moderate volatility, aligning with market trends. Analysts have set a target high price of $103.00 and a target low price of $80.00, with the current market conditions supporting a steady “hold” recommendation. The company’s quick ratio of 1.76 and current ratio of 2.09 further affirm its liquidity position.
Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.
About the author
Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird’s US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firm specializing in sensing, protection and control solutions.
