Cognizant rises as it adds $2 billion to share repurchase program

ReutersMar 25, 2025 3:13 PM

Shares of IT consulting firm Cognizant CTSH.O rise 2.4% to $79.81

Board approves a $2 billion increase to existing share repurchase plan, bringing the total to $3.1 billion

Last month, CTSH forecast annual revenue below Wall Street estimates as IT spending by businesses toned down

Also facing activist investor pressure from Mantle Ridge, which has been in discussions with the company since mid-2024 and holds a $1 billion stake

5 out of 27 brokerages rate the stock "buy" or higher, 20 rate "hold", 2 rate "sell" and their median PT is $88 - LSEG data

Including session moves, CTSH stock up 4% YTD

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

Will Bitcoin Reach $80,000? BTC Surges Past $74,000 as Iran Tensions Ease

Bitcoin prices surged past $74,000 on prospects of continued negotiations between the U.S. and Iran, potentially challenging the $80,000 threshold.

SanDisk Shares Jump Nearly 12% Toward $1,000, How High Will They Go?

TradingKey - SanDisk once again became a market focus on Monday as its stock price jumped 11.83%, briefly approaching the $1,000 threshold during intraday trading. Driven by surging AI memory demand, a wave of Wall Street price target hikes, and its upcoming inclusion in the Nasdaq 100 Index, the in

Brent Spot $190 Warning: WTI Flips Global Benchmark in Rare Price Inversion as Geopolitical Tensions Flare

TradingKey - Since April, as the conflict in the Middle East has continued to escalate, the oil market has undergone a dramatic transformation: WTI crude has been repriced, not only matching the performance of the global benchmark Brent crude but also surpassing it during several trading sessions. O

Oracle Stock Surges 12%, Why Is It Outperforming Peers MSFT, AMZN, GOOG?

TradingKey - Oracle (ORCL) shares surged 12.69% on Monday to close at $155.62, reaching an intraday high of $155.91, as trading volume spiked significantly. This rally represents a repricing driven by a combination of fundamental improvements and a recovery in expectations.

SK Hynix Shares Break 1.1 Million Won to Hit New High: How Much Longer Can AI Memory Leader Rise?

TradingKey - On April 14, 2026, SK Hynix shares extended their rally, breaking the 1.1 million won mark intraday and hitting an all-time high of 1.13 million won. The company’s total market capitalization subsequently climbed to approximately 110 trillion won (about $80 billion), firmly securing its position as the second-largest company by market value in the South Korean stock market, trailing only Samsung Electronics. Looking back over the past few years, SK Hynix's stock price has been characterized by significant volatility. During the global memory chip industry’s cyclical downturn in 2022, the share price once dropped below 80,000 won. Driven by the explosive growth in demand for AI computing power, the company achieved a dual recovery in earnings and valuation through its forward-looking strategic positioning in the HBM (High Bandwidth Memory) sector. Entering 2026, the rally further accelerated, with a year-to-date (YTD) gain exceeding 35%, while the benchmark KOSPI index rose by less than 3% during the same period.

Featured Tools