Cognizant Technology Solutions Corporation (NASDAQ: CTSH) is -10.87% lower on its value in year-to-date trading and has touched a low of $40.01 and a high of $71.48 in the current 52-week trading range. The CTSH stock was last observed hovering at around $55.28 in the recent trading session, with the current gains setting it 0.03% off its average median price target of $60.00 for the next 12 months. It is also 22.1% off the consensus price target high of $71.00 offered by 31 analysts, but current levels are -21.56% lower than the price target low of $45.50 for the same period.
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At last check, trading at $55.31, the stock is 0.06% and 0.58% above its SMA20 and SMA50 respectively. However, with a current trading volume of 0.61 million and changing 0.05% at the moment leaves the stock -5.20% off its SMA200. CTSH registered -13.71% loss for a year compared to 6-month loss of -8.97%. The firm has a 50-day simple moving average (SMA 50) of $55.07 and a 200-day simple moving average (SMA200) of $56.84.
The stock witnessed a -3.34% gain in the last 1 month and extending the period to 3 months gives it a 7.57%, and is -2.02% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.16% over the week and 2.86% over the month.
Cognizant Technology Solutions Corporation (CTSH) has around 291700 employees, a market worth around $30.06B and $16.90B in sales. Current P/E ratio is 17.31 and Fwd P/E is 14.25. Profit margin for the company is 10.50%. Distance from 52-week low is 38.24% and -22.62% from its 52-week high. The company has generated returns on investments over the last 12 months (15.40%).
Cognizant Technology Solutions Corporation (CTSH) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Cognizant Technology Solutions Corporation (CTSH) is a “Hold”. 31 analysts offering their recommendations for the stock have an average rating of 3.00, where 18 rate it as a Hold and 2 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 5 analysts have rated the stock as a Sell or Underperform.
Cognizant Technology Solutions Corporation is expected to release its quarterly report on 07/29/2020 and quarterly earnings per share for the current quarter are estimated at $0.68 with sales reaching $3.82B over the same period.The EPS is expected to shrink by -8.40% this year, but quarterly earnings will post -3.80% year-over-year. Quarterly sales are estimated to shrink -7.80% in year-over-year returns.
Cognizant Technology Solutions Corporation (CTSH) Top Institutional Holders
1,281 institutions hold shares in Cognizant Technology Solutions Corporation (CTSH), with 1.31M shares held by insiders accounting for 0.24% while institutional investors hold 95.33% of the company’s shares. The shares outstanding are 546.00M, and float is at 539.31M with Short Float at 2.23%. Institutions hold 95.10% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 52.28 million shares valued at $2.43 billion. The investor’s holdings represent 9.67% of the CTSH Shares outstanding. As of Mar 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 43.94 million shares valued at $2.04 billion to account for 8.13% of the shares outstanding. The other top investors are Dodge & Cox Inc which holds 23.68 million shares representing 4.38% and valued at over $1.1 billion, while State Street Corporation holds 4.32% of the shares totaling 23.34 million with a market value of $1.08 billion.
Cognizant Technology Solutions Corporation (CTSH) Insider Activity
A total of 153 insider transactions have happened at Cognizant Technology Solutions Corporation (CTSH) in the last six months, with sales accounting for 86 and purchases happening 67 times. The most recent transaction is an insider sale by Friedrich Matthew W., the company’s General Counsel. SEC filings show that Friedrich Matthew W. sold 459 shares of the company’s common stock on Jun 15 at a price of $54.62 per share for a total of $25069.0. Following the sale, the insider now owns 1072.0 shares.
Cognizant Technology Solutions Corporation disclosed in a document filed with the SEC on Jun 15 that Frank Malcolm (President, Digital Business) sold a total of 448 shares of the company’s common stock. The trade occurred on Jun 15 and was made at $54.62 per share for $24469.0. Following the transaction, the insider now directly holds 35446.0 shares of the CTSH stock.
Still, SEC filings show that on Jun 09, Telesmanic Robert (SVP, Cont. & Chief Acct. Offc.) disposed off 242 shares at an average price of $57.36 for $13881.0. The insider now directly holds 9,770 shares of Cognizant Technology Solutions Corporation (CTSH).
Cognizant Technology Solutions Corporation (CTSH): Who are the competitors?
The company’s main competitors (and peers) include DXC Technology Company (DXC) that is trading -72.56% down over the past 12 months. Perficient Inc. (PRFT) is -3.51% down on the 1-year trading charts. Short interest in the company’s stock has risen 9.65% from the last report on May 14, 2020 to stand at a total of 10.86 million short shares sold with a short interest ratio of 3.56.