Cognizant Technology Solutions Corporation (CTSH) Earns Daily Coverage Optimism Rating of 0.14
News articles about Cognizant Technology Solutions Corporation (NASDAQ:CTSH) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cognizant Technology Solutions Corporation earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media headlines about the information technology service provider an impact score of 46.551298498849 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- FY2017 Earnings Estimate for Cognizant Technology Solutions Corporation (CTSH) Issued By Wedbush (americanbankingnews.com)
- Global Business Process-as-a-Service Market 2017 – Accenture, IBM Corporation, Cognizant Technology Solutions (sbwire.com)
- Q3 2017 Earnings Estimate for Cognizant Technology Solutions Corporation Issued By Wedbush (CTSH) (americanbankingnews.com)
- Cognizant Acquires TMG Health For Government Healthcare Management – Seeking Alpha (seekingalpha.com)
- Cognizant Technology Solutions Corporation (CTSH) Insider Chandrasekaran Ramakrishnan Sells 25,000 Shares of Stock (americanbankingnews.com)
CTSH has been the subject of several research reports. Needham & Company LLC raised their price target on Cognizant Technology Solutions Corporation from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, May 15th. Deutsche Bank AG reaffirmed a “buy” rating and set a $79.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Wednesday, May 31st. HSBC Holdings plc downgraded Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating and raised their price target for the company from $65.00 to $68.00 in a report on Thursday, June 8th. 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 report on Thursday, June 1st. Finally, Cowen and Company reaffirmed a “buy” rating and set a $75.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Cognizant Technology Solutions Corporation currently has an average rating of “Buy” and an average price target of $70.02.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) traded up 0.08% on Monday, reaching $70.83. The company’s stock had a trading volume of 2,862,122 shares. The stock’s 50 day moving average price is $70.03 and its 200 day moving average price is $64.32. The firm has a market cap of $41.83 billion, a PE ratio of 22.72 and a beta of 1.14. Cognizant Technology Solutions Corporation has a 52-week low of $45.44 and a 52-week high of $72.07.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last released its quarterly earnings results on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.11. Cognizant Technology Solutions Corporation had a return on equity of 18.72% and a net margin of 13.36%. The firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter last year, the firm posted $0.87 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. Equities research analysts expect that Cognizant Technology Solutions Corporation will post $3.70 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.60 annualized dividend and a dividend yield of 0.85%. Cognizant Technology Solutions Corporation’s payout ratio is currently 19.17%.
In other Cognizant Technology Solutions Corporation news, EVP Allen Shaheen sold 442 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $70.58, for a total value of $31,196.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Venkat Krishnaswamy sold 8,151 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $70.93, for a total value of $578,150.43. Following the completion of the sale, the insider now directly owns 9,429 shares in the company, valued at approximately $668,798.97. The disclosure for this sale can be found here. In the last ninety days, insiders sold 114,479 shares of company stock worth $7,998,763. Insiders own 1.08% of the company’s stock.
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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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