Cognizant Technology Solutions Corp. [CTSH] stock is trading at $79.51, down -0.39%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CTSH shares have gain 3.26% over the last week, with a monthly amount glided 1.55%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Cognizant Expands Technology Operations Partnership with CNO Financial Group. In a post published today on Yahoo Finance, Cognizant will implement cloud and digital technologies with aim to enhance customer experience and optimize business processes and operations.
From an analyst’s perspective:
Cognizant Technology Solutions Corp. [NASDAQ: CTSH] stock has seen the most recent analyst activity on January 30, 2024, when Mizuho initiated its Neutral rating and assigned the stock a price target of $82. Previously, Societe Generale downgraded its rating to Sell on January 05, 2024, and kept the price target unchanged to $67. On January 04, 2024, upgrade upgraded it’s rating to Peer Perform. Barclays upgraded its rating to a Equal Weight and increased its price target to $75 on December 14, 2023. Redburn Atlantic initiated its recommendation with a Neutral and recommended $68 as its price target on November 16, 2023. UBS started tracking with a Neutral rating for this stock on November 07, 2023, and assigned it a price target of $70. In a note dated October 20, 2023, Citigroup upgraded an Buy rating on this stock and boosted its target price from $72 to $80.
Cognizant Technology Solutions Corp. [CTSH] stock has fluctuated between $56.45 and $80.09 over the past year. Currently, Wall Street analysts expect the stock to reach $73.67 within the next 12 months. Cognizant Technology Solutions Corp. [NASDAQ: CTSH] shares were valued at $79.51 at the most recent close of the market. An investor can expect a potential drop of -7.34% based on the average CTSH price forecast.
Analyzing the CTSH fundamentals
Cognizant Technology Solutions Corp. [NASDAQ:CTSH] reported sales of 19.35B for the trailing twelve months, which represents a drop of -1.67%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 79.00 points at the first support level, and at 78.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 79.98, and for the 2nd resistance point, it is at 80.45.
Cognizant Technology Solutions Corp. [CTSH] reported earnings per share of $1.18 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.04/share, meaning a difference of $0.14 and a surprise factor of 13.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.16 per share as compared to estimates of $1.09 per share, a difference of $0.07 representing a surprise of 6.40%.
Ratios To Look Out For
For context, Cognizant Technology Solutions Corp.’s Current Ratio is 2.25. As well, the Quick Ratio is 2.25, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 2.05, the price to book ratio is 2.99 and price to earnings (TTM) ratio is 18.90.
Transactions by insiders
Recent insider trading involved Patsalos-Fox Michael, Director, that happened on Feb 21 when 10000.0 shares were sold. Director, Patsalos-Fox Michael completed a deal on Jun 12 to sell 6926.0 shares. Meanwhile, Director Mackay Leo S. Jr. sold 4473.0 shares on Jun 09.
