Cognizant Technology Solutions Corporation (CTSH) Getting Somewhat Favorable News Coverage, Accern Reports
News articles about Cognizant Technology Solutions Corporation (NASDAQ:CTSH) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cognizant Technology Solutions Corporation earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the information technology service provider an impact score of 46.4461066630647 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Cognizant Technology Solutions Corporation (CTSH) stock’s Technical story – Wall Street Morning (wallstreetmorning.com)
- Cognizant to Present at the Credit Suisse 21st Annual Technology, Media & Telecom Conference (finance.yahoo.com)
- Eye-Catching Shares – Cognizant Technology Solutions Corporation, (NASDAQ: CTSH) – Stock Watch (stocksnewstimes.com)
- Delighting Stocks Cognizant Technology Solutions Corporation (NASDAQ:CTSH) a Business Software & Services … – The Stock Street (press release) (thestreetpoint.com)
- Cognizant Technology Solutions Corp. breached its 50 day moving average in a Bearish Manner : CTSH-US : November 20, 2017 (finance.yahoo.com)
Several analysts recently commented on the company. Pivotal Research assumed coverage on Cognizant Technology Solutions Corporation in a research note on Wednesday, November 8th. They issued a “buy” rating and a $93.00 price target on the stock. Zacks Investment Research lowered Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $85.00 price target on shares of Cognizant Technology Solutions Corporation in a research note on Friday, November 3rd. Sanford C. Bernstein boosted their price target on Cognizant Technology Solutions Corporation from $84.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Finally, Morgan Stanley boosted their price target on Cognizant Technology Solutions Corporation from $74.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Five investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $81.19.
Cognizant Technology Solutions Corporation (NASDAQ CTSH) traded down $1.01 during trading hours on Tuesday, reaching $71.90. The company’s stock had a trading volume of 5,894,900 shares, compared to its average volume of 3,995,492. Cognizant Technology Solutions Corporation has a 1 year low of $51.35 and a 1 year high of $76.51. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $42,990.00, a PE ratio of 21.76, a price-to-earnings-growth ratio of 1.64 and a beta of 1.10.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.13. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Cognizant Technology Solutions Corporation had a return on equity of 18.94% and a net margin of 13.42%. Cognizant Technology Solutions Corporation’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 earnings per share. equities analysts expect that Cognizant Technology Solutions Corporation will post 3.35 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 20th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. Cognizant Technology Solutions Corporation’s dividend payout ratio is currently 18.58%.
In related news, EVP James Patrick Lennox sold 1,725 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $71.57, for a total transaction of $123,458.25. Following the completion of the transaction, the executive vice president now directly owns 8,407 shares of the company’s stock, valued at $601,688.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Rajeev Mehta sold 32,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $71.02, for a total value of $2,272,640.00. Following the transaction, the president now directly owns 187,965 shares of the company’s stock, valued at $13,349,274.30. The disclosure for this sale can be found here. Insiders have sold 244,918 shares of company stock valued at $17,643,259 over the last ninety days. 1.08% of the stock is owned by insiders.
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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