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Cognizant launches $500M accelerated share repurchase to boost shareholder value

Company Fundamentals
21 May 2026
PRNewsWire
View Source
Bullish
pluang ai news

Cognizant has entered agreements to repurchase $500 million of its Class A common stock through accelerated share repurchase deals with Truist Bank and BNP Paribas. About 7.8 million shares will be delivered immediately, with the final amount adjusted based on average stock price minus a discount. This move is part of Cognizant's updated 2026 share repurchase plan aimed at enhancing shareholder value. The company highlights its focus on AI and technology services as it continues to invest in growth and innovation.

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