The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last traded at $63.01, down -0.96% from the previous session.
Data from the available sources indicates that Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is covered by 29 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $91.00 and a low of $53.00, we find $65.00. Given the previous closing price of $63.62, this indicates a potential upside of 2.17 percent. CTSH stock price is now 4.68% away from the 50-day moving average and 2.48% away from the 200-day moving average. The market capitalization of the company currently stands at $32.29B.
25-cent Stock Takes $11T Commodities Sector Digital
One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.
All the details are in the FREE online report you can get here.
Sponsored
In total, 19 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $65.80 as their price target over the next twelve months.
.
In other news, Abdalla Zein, Director sold 6,926 shares of the company’s stock on May 15. The stock was sold for $433,204 at an average price of $62.55. Upon completion of the transaction, the Director now directly owns 13,556 shares in the company, valued at $0.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 08, Director Breakiron-Evans Maureen sold 6,926 shares of the business’s stock. A total of $431,412 was realized by selling the stock at an average price of $62.29. This leaves the insider owning 3,063 shares of the company worth $0.19 million. Insiders disposed of 113,659 shares of company stock worth roughly $7.16 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CTSH stock. A new stake in Cognizant Technology Solutions Corporation shares was purchased by HAWK RIDGE CAPITAL MANAGEMENT LP during the first quarter worth $96,351,000. JEFFERIES FINANCIAL GROUP INC. invested $25,834,000 in shares of CTSH during the first quarter. In the first quarter, JEFFERIES GROUP LLC acquired a new stake in Cognizant Technology Solutions Corporation valued at approximately $11,193,000. VERITAS ASSET MANAGEMENT LLP acquired a new stake in CTSH for approximately $7,265,000. BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC purchased a new stake in CTSH valued at around $6,122,000 in the second quarter. In total, there are 1,290 active investors with 93.50% ownership of the company’s stock.
With an opening price of $63.73 on Friday morning, Cognizant Technology Solutions Corporation (NASDAQ: CTSH) set off the trading day. During the past 12 months, Cognizant Technology Solutions Corporation has had a low of $51.33 and a high of $75.40. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 2.20, and a quick ratio of 2.20. According to the stock market information, the enterprise value for the company is $30.93B, which is based on a 14.06 price-to-earnings ratio, a 2.62 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for CTSH is $60.24 and a two-hundred day moving average price translates $61.46 for the stock.
The latest earnings results from Cognizant Technology Solutions Corporation (NASDAQ: CTSH) was released for Mar, 2023. According to the Information Technology Services Company, earnings per share came in at $1.11, beating analysts’ expectations of $1.04 by 0.07. This compares to $1.07 EPS in the same period last year. The net profit margin was 11.90% and return on equity was 18.90% for CTSH. The company reported revenue of $4.81 billion for the quarter, compared to $4.83 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.29 percent. For the current quarter, analysts expect CTSH to generate $4.84B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/30/2023. Investors who held shares on 05/19/2023 were paid a $0.29 dividend. On an annualized basis, this represents a $1.16 dividend and a 1.84% percent yield. There was an ex-dividend date of 05/18/2023 for this dividend. In terms of dividend payout ratio, CTSH is presently at 18.10%.
Cognizant Technology Solutions Corporation(CTSH) Company Profile
Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services; Health Sciences; Products and Resources; and Communications, Media and Technology. The company offers customer experience enhancement, robotic process automation, analytics, and AI services in areas, such as digital lending, fraud detection, and next generation payments; the shift towards consumerism, outcome-based contracting, digital health, delivering integrated seamless, omni-channel, and patient-centered experience; and services that drive operational improvements in areas, such as clinical development, pharmacovigilance, and manufacturing, as well as claims processing, enrollment, membership, and billing to healthcare providers and payers, and life sciences companies, including pharmaceutical, biotech, and medical device companies. It also provides solution to manufacturers, automakers, retailers and travel and hospitality companies, as well as companies providing logistics, energy and utility services; and digital content, the creation of personalized user experience, and acceleration of digital engineering services to communications, media and entertainment, education, and information services and technology companies. The company was founded in 1994 and is headquartered in Teaneck, New Jersey.
