Report
Andrew Lange
EUR 147.86 For Business Accounts Only

Cognizant's Shares Remain Undervalued as the Firm Investigates Possible Corruption Violations

On Sept. 30, Cognizant Technology Solutions surprised the market by announcing an internal investigation into whether certain payments within India were made improperly and in potential violation of the U.S. Foreign Corrupt Practices Act. Shares fell as much as 16% on the news. Structurally, we still view Cognizant as well positioned to prosper from its expertise in burgeoning trends in digitization and the shift to cloud computing. However, this unexpected news is clearly a black eye for the co...
Underlying
Cognizant Technology Solutions Corporation Class A

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.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Andrew Lange

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