Cognizant (CTSH) announced that it has entered into accelerated share repurchase agreements with Truist Bank and BNP Paribas to repurchase an aggregate of $500M of Cognizant’s Class A common stock. The ASR announced is part of the Company’s updated 2026 share repurchase plan announced on May 18.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CTSH:
- Closing Bell Movers: Agilysys jumps 14% on Q4 beat and strong guide
- Cognizant Stock (CTSH) Jumps after Doubling 2026 Buyback amid Selloff Pressure
- Cognizant Expands Buybacks to Support AI-Led Growth
- Cognizant increases 2026 share repurchase target by $1B to $2B
- The Week That Was, The Week Ahead: Macro and Markets, May 17