Cognizant Technology Solutions Corporation (NASDAQ:CTSH) finished Wednesday with a subtraction of -$1.88 to close at $60.08, a downside of -3.03 percent. An average of 3,872,880 shares of common stock have been traded in the last five days. There was a fall of -$1.95 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 2,897,185 shares traded, while the 50-day average volume stands at 3,081,804.
CTSH stock has decreased by -10.21% in the last month. The company shares reached their 1-month lowest point of $60.06 on 09/21/22. With the stock rallying to its 52-week high on 03/22/22, shares of the company touched a low of $60.84 and a high of $93.47 in 52 weeks. It has reached a new high 4 times so far this year and lost -32.28% or -$28.64 in price. In spite of this, the price is down -35.72% from the 52-week high.
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13 days have passed since Cognizant Technology Solutions Corporation (CTSH) last reported insider trading activity. Abdalla Zein, who is Director, most recently acquired $4,368 shares at $65.44 per share on Sep 09. In this transaction, the insider spent $285,846. Director, Patsalos-Fox Michael, disposed of 5,687 shares at a price of $74.40 on May 17. The insider now owns more than $423,139 worth of shares. Prior to that, EVP, Head of Global Delivery Stafford Andrew J went on to Sale 5,867 shares at $77.24 each on May 10. An amount of $453,167 was transacted.
Cognizant Technology Solutions Corporation (CTSH) has a trailing price-to-earnings (P/E) ratio of 13.95. The stock’s beta is 1.06. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.61, the price-to-book (PB) ratio at 2.61, and the price-to-cash flow ratio at 17.33.
The company has a payout ratio of 23.60%. The company’s most recent quarterly dividend payment was $0.27 a share, without any change from last year. Its latest increase dividend $0.03 reported on Wednesday February 2 2022.
The quick ratio of Cognizant Technology Solutions Corporation for the three months ended June 29 was 2.20, and the current ratio was 2.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.05 and a total debt to equity ratio of 0.05 for the quarter ending June 29. Its gross profit as reported stood at $6.9 billion compared to revenue of $18.51 billion.
For the three-month period that ended June 29, Cognizant Technology Solutions Corporation had $552.0 million in cash and short-term investments compared to $608.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $577.0 million in the quarter, while revenues were grew 11.27%. The analyst consensus anticipated Cognizant Technology Solutions Corporation’s latest quarter earnings to come in at $1.08 per share, but it turned out to be $1.14, a 5.60% surprise. For the quarter, EBITDA amounted to $904.0 million. Shareholders own equity worth $517.78 million.
From a technical analysis perspective, let’s take a brief look at Cognizant Technology Solutions Corporation (CTSH) price momentum. RSI 9-day as of the close on 21 September was 30.04%, suggesting the stock is Neutral, with historical volatility in this time frame at 35.53%.
As of today, CTSH’s price is $61.90 -3.14% or -$1.95 from its 5-day moving average. CTSH is currently trading -9.00% lower than its 20-day SMA and -28.45% lower than its 100-day SMA. However, the stock’s current price level is -7.78% below the SMA50 and -23.48% below the SMA200.
The stochastic %K and %D were 20.33% and 24.26%, respectively, and the average true range (ATR) was 1.75. With the 14-day stochastic at 0.31% and the average true range at 1.66, the RSI (14) stands at 33.15%. The stock has reached -1.16 on the 9-day MACD Oscillator while the 14-day reading was at -1.26.
HSBC Securities downgraded Cognizant Technology Solutions Corporation (NASDAQ: CTSH) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Cognizant Technology Solutions Corporation (CTSH) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell CTSH, while 15 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 7 others rate it as a “buy”.