Cognizant Provides Investigation Update and In-Line Performance; Shares at Meaningful Discount
Cognizant’s third-quarter results were generally in line with our expectations, with the company continuing to cite similar business trends to those of previous quarters. From an industry standpoint, financial services remained under pressure, given macroeconomic uncertainty and a low-interest-rate environment, while ongoing industry consolidation within healthcare continued to weigh on that segment. Also, Cognizant addressed its ongoing foreign corrupt practices investigation, with the firm pro...Cognizant Technology Solutions is a services company, transforming customers' business, operating and technology models for the digital era. The company's services include digital services and solutions, consulting, application development, systems integration, application testing, application maintenance, infrastructure services and business process services. Additionally, the company develops, licenses, implements and supports proprietary and third-party software products and platforms. The company has organized its services and solutions into four practice areas: Digital Business, Digital Operations, Digital Systems and Technology and Consulting.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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