Cognizant Technology Solutions Corp (NASDAQ: CTSH) is -0.19% lower on its value in year-to-date trading and has touched a low of $63.79 and a high of $80.27 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 $74.90 in the last trading session, with the day’s gains setting it 0.49%.
Currently trading at $75.39, the stock is -0.64% and -1.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.61 million and changing 0.65% at the moment leaves the stock 3.09% off its SMA200. CTSH registered 13.76% gain for a year compared to 6-month gain of 11.42%. The firm has a 50-day simple moving average (SMA 50) of $76.2988 and a 200-day simple moving average (SMA200) of $73.1395.
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The stock witnessed a -0.80% loss in the last 1 month and extending the period to 3 months gives it a 3.03%, and is -0.17% 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 2.30% over the week and 1.69% over the month.
Cognizant Technology Solutions Corp (CTSH) has around 347700 employees, a market worth around $37.38B and $19.41B in sales. Current P/E ratio is 16.68 and Fwd P/E is 15.15. Profit margin for the company is 11.60%. Distance from 52-week low is 18.18% and -6.08% from its 52-week high. The company has generated returns on investments over the last 12 months (14.00%).
The EPS is expected to grow by 2.47% this year.
Cognizant Technology Solutions Corp (CTSH) Top Institutional Holders
1388.0 institutions hold shares in Cognizant Technology Solutions Corp (CTSH), with institutional investors hold 101.97% of the company’s shares. The shares outstanding are 498.00M, and float is at 494.80M with Short Float at 2.77%. Institutions hold 101.81% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 58.17 million shares valued at $3.96 billion. The investor’s holdings represent 11.7043% of the CTSH Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 53.01 million shares valued at $3.6 billion to account for 10.6658 of the shares outstanding. The other top investors are STATE STREET CORP which holds 24.12 million shares representing 4.8528% and valued at over $1.64 billion, while PZENA INVESTMENT MANAGEMENT LLC holds 3.7444 of the shares totaling 18.61 million with a market value of $1.27 billion.
Cognizant Technology Solutions Corp (CTSH) Insider Activity
The most recent transaction is an insider sale by Singisetti Ravi Kumar, the company’s Chief Executive Officer. SEC filings show that Singisetti Ravi Kumar sold 6,728 shares of the company’s common stock on Aug 06 ’24 at a price of $73.66 per share for a total of $0.5 million. Following the sale, the insider now owns 46427.0 shares.
Still, SEC filings show that on Mar 12 ’24, Diaz Kathryn (EVP, Chief People Officer) disposed off 900 shares at an average price of $77.06 for $69350.0. The insider now directly holds 8,312 shares of Cognizant Technology Solutions Corp (CTSH).
