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Cognizant Technology Solutions Corp. (CTSH) Stock Could Soon Reward Patient Investors

Cognizant Technology Solutions Corp. (NASDAQ: CTSH) is -5.10% lower on its value in year-to-date trading and has touched a low of $58.09 and a high of $80.09 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CTSH stock was last observed hovering at around $71.75 in the last trading session, with the day’s loss setting it -0.07%.

Currently trading at $71.68, the stock is -4.62% and -6.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.55 million and changing -0.10% at the moment leaves the stock 1.00% off its SMA200. CTSH registered 19.85% gain for a year compared to 6-month gain of 5.82%. The firm has a 50-day simple moving average (SMA 50) of $1.78 and a 200-day simple moving average (SMA200) of $10.16.

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The stock witnessed a -8.82% loss in the last 1 month and extending the period to 3 months gives it a -5.10%, and is -0.46% 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 1.15% over the week and 1.56% over the month.

Cognizant Technology Solutions Corp. (CTSH) has around 347700 employees, a market worth around $35.69B and $19.35B in sales. Current P/E ratio is 17.04 and Fwd P/E is 14.44. Profit margin for the company is 10.99%. Distance from 52-week low is 23.39% and -10.50% from its 52-week high. The company has generated returns on investments over the last 12 months (14.81%).

Cognizant Technology Solutions Corp. quarterly earnings per share for the current quarter are estimated at $1.11 with sales reaching $4.72B over the same period.The EPS is expected to grow by 0.89% this year, but quarterly earnings will post 0.50% year-over-year. Quarterly sales are estimated to shrink -1.90% in year-over-year returns.

Cognizant Technology Solutions Corp. (CTSH) Top Institutional Holders

1,375 institutions hold shares in Cognizant Technology Solutions Corp. (CTSH), with institutional investors hold 98.19% of the company’s shares. The shares outstanding are 498.00M, and float is at 496.82M with Short Float at 2.12%. Institutions hold 98.03% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 60.1 million shares valued at $3.92 billion. The investor’s holdings represent 11.90% of the CTSH Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 44.02 million shares valued at $2.87 billion to account for 8.72% of the shares outstanding. The other top investors are State Street Corporation which holds 22.28 million shares representing 4.41% and valued at over $1.45 billion, while Dodge & Cox Inc holds 3.89% of the shares totaling 19.64 million with a market value of $1.28 billion.

Cognizant Technology Solutions Corp. (CTSH) Insider Activity

The most recent transaction is an insider sale by Diaz Kathryn,the company’sEVP, Chief People Officer. SEC filings show that Diaz Kathryn sold 900 shares of the company’s common stock on Mar 12 ’24 at a price of $77.06 per share for a total of $69350.0. Following the sale, the insider now owns 8312.0 shares.

Cognizant Technology Solutions Corp. disclosed in a document filed with the SEC on Feb 21 ’24 that Patsalos-Fox Michael (Director) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Feb 21 ’24 and was made at $76.73 per share for $0.77 million. Following the transaction, the insider now directly holds 54695.0 shares of the CTSH stock.

Still, SEC filings show that on Jun 12 ’23, Patsalos-Fox Michael (Director) disposed off 6,926 shares at an average price of $62.79 for $0.43 million. The insider now directly holds 64,695 shares of Cognizant Technology Solutions Corp. (CTSH).

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