Cognizant Increases Buyback Target To $2 Bln

(RTTNews) - Cognizant Technology Solutions Corp (CTSH), the IT giant, Monday announced that it is has been authorized to increase its share repurchase target to $2 billion for 2026, an increase of $1 billion over its prior expectation.

The additional $1 billion of share repurchases are anticipated to be completed during the second quarter.

With the increase in buyback, there has been approximately $3.45 billion remaining under the share repurchase authorization as of May 17, the IT firm said in a statement.

In pre-market activity, CTSH shares were trading at $47.92, up 1.68% on the Nasdaq.