The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) increased by $1.25 on Tuesday to finish at $67.75, up 1.88 percent. The last five days have seen an average of 3,453,740 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$20.97. The average number of shares traded over the last 20 days was 2,931,320, while the average volume over the last 50 days totaled 3,167,348.
CTSH stock dropped -3.65% since last month. On 06/16/22, the company’s shares reached a one-month low of $65.24. The stock touched a high of $93.47 on 03/22/22, after rallying from a low of $65.24 in 52 weeks. The price of CTSH stock has declined by -23.64% or -$20.97 this year, reaching a new high 4 times. Still, the stock price is down -27.52% from the 52-week high.
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There have been 36 days since Cognizant Technology Solutions Corporation (CTSH) last reported insider trading activity on May 17. On May 17, Director Patsalos-Fox Michael sold 5,687 shares at $74.40 each. This transaction resulted in the insider making $423,139. On May 10, Stafford Andrew J sold 5,867 shares at a price of US$77.24. After the transaction, the insider now owns 5,872 shares. Director Mackay Leo S. Jr. had earlier sold 4,778 shares on Mar 07 for $88.52 a share. The transaction was completed for $422,949.
Cognizant Technology Solutions Corporation (CTSH) has a trailing price-to-earnings (P/E) ratio of 16.26. Beta for the stock is 1.10. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.85, the price-to-book (PB) ratio of 2.96, and the price-to-cash flow ratio of 19.57.
Company paid $0.27 per share in dividends, remained unchanged from $0.27 last year. A $0.03 dividend increase was reported on Wednesday February 2 2022.
For the three months ended March 30, Cognizant Technology Solutions Corporation’s quick ratio was 2.20, while its current ratio was 2.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.05, and the total debt to equity ratio is 0.05. As far as profitability goes, gross margin for the trailing twelve months is 36.90% percent. Cognizant Technology Solutions Corporation’s operating margin stood at 15.20% for the same period. Based on annual data, it had gross profit of $6.9 billion and revenue of $18.51 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CTSH’s return on assets (ROA) during the last 12 months has been 12.70%. There was a 16.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 18.80%.
According to Cognizant Technology Solutions Corporation’s quarterly financial report for the quarter that ended March 30, it had $617.0 million in total debt versus $127.0 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.83 billion, while revenues rose by 13.3% to $4.93 billion. It was predicted that Cognizant Technology Solutions Corporation’s quarterly earnings would be $1.08, but it ended up being $1.04, beating the consensus by 3.80%. EBITDA was $867.0 million for the quarter. At the end of Cognizant Technology Solutions Corporation’s most recent quarter ended March 30, its liabilities totaled 5.46 billion, while its total debt was $1.66 billion. Equity owned by shareholders amounts to $521.17 million.
Here’s a quick look at Cognizant Technology Solutions Corporation’s (CTSH) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 36.54%, suggesting the stock is Neutral, with a 30.31% historical volatility rate.
The stochastic %K and %D were 16.54% and 12.68% respectively, while the average true range (ATR) was 1.98. Based on the 14-day stochastic reading of 24.74%, the RSI (14) reading is 36.36%. On the 9-day MACD Oscillator, the stock is at -2.00, and the 14-day reading is at -3.94.
In its most recent analyst report, UBS raised its rating on Cognizant Technology Solutions Corporation (NASDAQ: CTSH) to a Neutral. Prior to this, analysts firm rated the stock as a Sell. Analysts have assigned Cognizant Technology Solutions Corporation (CTSH) an Overweight rating. CTSH is a stock that is recommended for selling by 2 brokerage firms, while 12 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 10 others recommend it as a buy.
What is CTSH’s price target for the next 12 months?
The current consensus forecast for the stock is between $68.00 and $103.00, with a median target price of $92.50. In analyzing these forecasts, the average price target given by analysts for Cognizant Technology Solutions Corporation (CTSH) is $90.36.