Cognizant Technology Solutions (CTSH) Getting Somewhat Favorable Press Coverage, Study Shows
Media coverage about Cognizant Technology Solutions (NASDAQ:CTSH) has trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cognizant Technology Solutions earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the information technology service provider an impact score of 47.0799389130441 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern’s scoring:
- Cognizant Technology Solutions Corporation (CTSH) Swings under Short-Term Obligation – Stock News Stop (stockmarketstop.com)
- Guide to Day Traders: Cognizant Technology Solutions Corporation (NASDAQ: CTSH) – Alpha Beta Stock (alphabetastock.com)
- CTSH February 2018 Options Begin Trading – Nasdaq (nasdaq.com)
- Cognizant Technology Solutions Corp (CTSH) CEO Francisco Dsouza Sold $34.7 million of Shares – GuruFocus.com (gurufocus.com)
CTSH has been the subject of a number of research analyst reports. Cantor Fitzgerald reiterated a “buy” rating and set a $78.00 price objective on shares of Cognizant Technology Solutions in a report on Wednesday, November 1st. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Cognizant Technology Solutions in a research report on Wednesday, November 1st. Needham & Company LLC raised shares of Cognizant Technology Solutions from a “buy” rating to a “strong-buy” rating and lifted their price objective for the stock from $78.00 to $90.00 in a research report on Wednesday, November 1st. William Blair raised shares of Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 1st. Finally, Credit Suisse Group reissued an “outperform” rating and set a $89.00 target price (up previously from $80.00) on shares of Cognizant Technology Solutions in a research report on Thursday, November 2nd. Five analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $81.19.
Shares of Cognizant Technology Solutions (NASDAQ:CTSH) traded up $0.56 on Friday, hitting $72.27. 1,830,000 shares of the stock traded hands, compared to its average volume of 3,300,000. The firm has a market capitalization of $42,950.00, a PE ratio of 21.41, a PEG ratio of 1.62 and a beta of 1.10. Cognizant Technology Solutions has a 1-year low of $51.35 and a 1-year high of $76.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.29 and a quick ratio of 3.29.
Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.13. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Cognizant Technology Solutions had a net margin of 13.42% and a return on equity of 18.94%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 earnings per share. equities research analysts forecast that Cognizant Technology Solutions will post 3.35 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 20th will be given a $0.15 dividend. The ex-dividend date is Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a yield of 0.83%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 18.58%.
In related news, insider Chandrasekaran Ramakrishnan sold 25,000 shares of Cognizant Technology Solutions stock in a transaction on Friday, September 1st. The shares were sold at an average price of $71.00, for a total value of $1,775,000.00. Following the transaction, the insider now directly owns 335,856 shares in the company, valued at approximately $23,845,776. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Rajeev Mehta sold 32,000 shares of Cognizant Technology Solutions stock in a transaction on Friday, September 1st. The shares were sold at an average price of $71.02, for a total transaction of $2,272,640.00. Following the completion of the transaction, the president now owns 187,965 shares in the company, valued at $13,349,274.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 726,918 shares of company stock worth $52,366,539. 1.08% of the stock is currently owned by insiders.
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Cognizant Technology Solutions Company Profile
Cognizant Technology Solutions Corporation is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Financial Services segment includes customers providing banking/transaction processing, capital markets and insurance services.
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