bullish

Mantle

Gains

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 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
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<p class="has-drop-cap">Cognizant Technology Solutions Corp (NASDAQ: CTSH) is taking significant steps to enhance shareholder value by expanding its <a href="https://tokenist.com/investing/what-is-a-stock-buyback/" rel="noopener noreferrer nofollow" class="deco-link">share buyback program</a> by $2 billion, raising the total authorized amount to $3.1 billion. This strategic move comes <a href="https://www.reuters.com/technology/cognizant-boosts-share-buyback-plan-by-2-billion-2025-03-25/" target="_blank" aria-label="amidst a challenging economic landscape (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">amidst a challenging economic landscape</a> marked by uncertain IT service demand and elevated interest rates. <br><br>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. <br><br>Following the announcement, Cognizant’s shares saw a 1.7% uptick, reflecting investor confidence in the company’s financial strategy.</p>
<h3 id="cognizant-s-stock-gains-as-firm-increases-buyback-plan">Cognizant’s Stock Gains as Firm Increases Buyback Plan</h3>
<p>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.</p>
<p>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.</p>
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<h3 id="ctsh-stock-brief">CTSH Stock Brief</h3>
<p>Cognizant’s financial metrics present a stable outlook, with a <a href="https://tokenist.com/investing/what-are-dividend-stocks/" class="deco-link" rel="noopener noreferrer nofollow">dividend yield of 1.59%</a> 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 <a href="https://tokenist.com/investing/p-e-ratio/" rel="noopener noreferrer nofollow" class="deco-link">trailing P/E ratio</a> is 17.71, with a forward P/E ratio of 16.00, indicating investor confidence in future earnings growth. <br><br>The stock’s <a href="https://tokenist.com/investing/what-is-beta-in-stocks/" rel="noopener noreferrer nofollow" class="deco-link">beta</a> 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.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em> <em>All stock prices were quoted at the time of writing.</em></p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/cognizants-stock-gains-after-firm-ups-buyback-plan-by-2b/">Cognizant’s Stock Gains After Firm Ups Buyback Plan by $2B</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Cognizant’s Stock Gains After Firm Ups Buyback Plan by $2B

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