Cognizant Technology Solutions Corp. (NASDAQ: CTSH) is 0.38% higher on its value in year-to-date trading and has touched a low of $62.14 and a high of $80.09 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CTSH stock was last observed hovering at around $74.54 in the last trading session, with the day’s gains setting it 1.28%.
Currently trading at $75.82, the stock is 5.90% and 9.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.11 million and changing 1.72% at the moment leaves the stock 6.50% off its SMA200. CTSH registered 15.30% gain for a year compared to 6-month loss of -2.63%.
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The stock witnessed a 11.50% gain in the last 1 month and extending the period to 3 months gives it a 13.96%, and is 2.61% up 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 2.20% over the week and 2.02% over the month.
Cognizant Technology Solutions Corp. (CTSH) has around 347700 employees, a market worth around $37.70B and $19.30B in sales. Current P/E ratio is 18.21 and Fwd P/E is 15.29. Profit margin for the company is 10.84%. Distance from 52-week low is 22.01% and -5.33% from its 52-week high. The company has generated returns on investments over the last 12 months (14.34%).
The EPS is expected to grow by 1.19% this year.
Cognizant Technology Solutions Corp. (CTSH) Top Institutional Holders
The shares outstanding are 498.00M, and float is at 496.19M with Short Float at 3.20%.
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.
