Cognizant Technology Solutions (CTSH) Receiving Somewhat Positive News Coverage, Report Shows
News headlines about Cognizant Technology Solutions (NASDAQ:CTSH) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cognizant Technology Solutions earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave press coverage about the information technology service provider an impact score of 45.2744739501382 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
- Insider Selling: Cognizant Technology Solutions Corp (CTSH) Insider Sells 1,278 Shares of Stock (americanbankingnews.com)
- Cognizant Technology Solutions Corp (CTSH) CFO Sells $1,025,659.22 in Stock (americanbankingnews.com)
- Traders Purchase High Volume of Cognizant Technology Solutions Put Options (CTSH) (americanbankingnews.com)
- Malcolm Frank Sells 9,462 Shares of Cognizant Technology Solutions Corp (CTSH) Stock (americanbankingnews.com)
- Trexquant Investment LP Raises Holdings in Cognizant Technology Solutions Corp (NASDAQ:CTSH) (nismagazine.com)
CTSH has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $77.00 target price on shares of Cognizant Technology Solutions in a report on Wednesday, September 6th. KeyCorp reaffirmed a “buy” rating and issued a $79.00 target price on shares of Cognizant Technology Solutions in a report on Friday, September 8th. Robert W. Baird reaffirmed a “buy” rating and issued a $80.00 target price on shares of Cognizant Technology Solutions in a report on Sunday, September 10th. Bank of America reaffirmed a “buy” rating and issued a $86.00 target price on shares of Cognizant Technology Solutions in a report on Tuesday, September 12th. Finally, Wedbush reissued an “outperform” rating on shares of Cognizant Technology Solutions in a report on Monday, September 18th. Six analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $81.91.
Shares of Cognizant Technology Solutions (NASDAQ CTSH) traded down $0.26 during trading on Monday, hitting $71.56. 2,318,297 shares of the stock were exchanged, compared to its average volume of 3,977,967. The firm has a market cap of $42,348.30, a PE ratio of 21.44, a price-to-earnings-growth ratio of 1.62 and a beta of 1.07. Cognizant Technology Solutions has a fifty-two week low of $51.52 and a fifty-two week high of $76.51. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.07.
Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 EPS. equities analysts expect that Cognizant Technology Solutions will post 3.35 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Monday, November 20th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. Cognizant Technology Solutions’s payout ratio is 18.52%.
In other news, VP Malcolm Frank sold 9,462 shares of Cognizant Technology Solutions stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $70.61, for a total value of $668,111.82. Following the transaction, the vice president now directly owns 15,533 shares of the company’s stock, valued at approximately $1,096,785.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Karen Mcloughlin sold 14,369 shares of Cognizant Technology Solutions stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $71.38, for a total transaction of $1,025,659.22. Following the completion of the transaction, the chief financial officer now directly owns 42,718 shares in the company, valued at $3,049,210.84. The disclosure for this sale can be found here. Insiders sold a total of 620,514 shares of company stock worth $44,791,974 over the last ninety days. Corporate insiders own 1.08% of the company’s stock.
About Cognizant Technology Solutions
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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