Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Earns Daily Media Sentiment Rating of 0.24
Media stories about Cognizant Technology Solutions Corporation (NASDAQ:CTSH) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cognizant Technology Solutions Corporation earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned headlines about the information technology service provider an impact score of 45.5856735656562 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- CENTRAL TRUST Co Acquires 35 Shares of Cognizant Technology Solutions Corporation (CTSH) (topactu.net)
- See what the IHS Markit Score report has to say about Cognizant Technology Solutions Corp. (finance.yahoo.com)
- Cognizant (CTSH) Drives on Domain Expertise, Acquisitions (finance.yahoo.com)
- Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Insider Sumithra Gomatam Sells 10,000 Shares (americanbankingnews.com)
- Cognizant Technology Solutions Corporation (NASDAQ:CTSH) EVP Sells $509,782.35 in Stock (americanbankingnews.com)
Several equities analysts have recently issued reports on the stock. Morgan Stanley raised their price target on shares of Cognizant Technology Solutions Corporation from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, May 8th. Vetr raised shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “strong-buy” rating and set a $67.50 price target for the company in a research note on Friday, April 14th. Credit Suisse Group set a $80.00 price target on shares of Cognizant Technology Solutions Corporation and gave the company a “buy” rating in a research note on Friday, August 4th. They noted that the move was a valuation call. Pacific Crest reaffirmed an “overweight” rating and set a $75.00 price target (up previously from $73.00) on shares of Cognizant Technology Solutions Corporation in a research note on Thursday, June 1st. Finally, BidaskClub downgraded shares of Cognizant Technology Solutions Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $70.02.
Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) traded up 1.04% on Wednesday, hitting $71.01. 3,718,561 shares of the stock were exchanged. Cognizant Technology Solutions Corporation has a 12 month low of $45.44 and a 12 month high of $71.57. The company has a 50-day moving average price of $68.24 and a 200 day moving average price of $62.18. The company has a market cap of $41.82 billion, a PE ratio of 25.83 and a beta of 1.17.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last issued its quarterly earnings data on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.11. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. The firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the prior year, the business earned $0.87 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Equities analysts forecast that Cognizant Technology Solutions Corporation will post $3.70 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Friday, August 18th. Cognizant Technology Solutions Corporation’s payout ratio is 19.17%.
In other Cognizant Technology Solutions Corporation news, COO Srinivasan Veeraraghavachary sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $71.00, for a total transaction of $177,500.00. Following the sale, the chief operating officer now owns 27,165 shares in the company, valued at approximately $1,928,715. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP James Patrick Lennox sold 7,315 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $69.69, for a total transaction of $509,782.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,528 shares of company stock worth $5,306,449. 1.08% of the stock is owned by company insiders.
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Cognizant Technology Solutions Corporation 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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