Quotient Wealth Partners sold a significant amount of
Cognizant shares, while
Raymond James & Associates and
New York State Teachers Retirement System expanded their positions. Several analysts changed their outlook for Cognizant, generating mixed views and suggesting performance under analysis. Cognizant's near future seems promising, with
upgrades and favourable earnings growth. The company has also seen a steady rise in shareholder returns but merits a deeper study of its finances due to some underperformance compared to competitors.
Ravi Singisetti, the CEO, sold a substantial chunk of his shares, while naming
Rajesh Varrier as the new Global Head of Operations. Cognizant outperformed estimates and has revised its full-year revenue forecast upwards. The company has also announced a plan to acquire
Belcan for $1.3 Billion, a move to solidify its stance in the aerospace & defence market. Despite some weaknesses, the company's financial prospects still look decent. Lastly, it's increasing its dividend to $0.30 and has partnered with several clients including
FICO and
Cengage.
Cognizant Technology Solutions CTSH News Analytics from Mon, 18 Dec 2023 08:00:00 GMT to Sun, 25 Aug 2024 11:31:56 GMT -
Rating 2
- Innovation -2
- Information 5
- Rumor -1
