Cognizant Technology Solutions Corporation (CTSH) Earns Daily Media Impact Score of 0.13
Headlines about Cognizant Technology Solutions Corporation (NASDAQ:CTSH) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cognizant Technology Solutions Corporation earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the information technology service provider an impact score of 46.6693209133771 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Cognizant Technology Solutions Corporation (CTSH) is trading with P/E ratio of 23.01 – Street Observer (press release) (streetobserver.com)
- ETFs with exposure to Cognizant Technology Solutions Corp. : September 22, 2017 (finance.yahoo.com)
- Cognizant Technology Solutions Corp. :CTSH-US: Earnings Analysis: Q2, 2017 By the Numbers : September 21, 2017 (finance.yahoo.com)
- Cognizant (Nasdaq: CTSH) to Ring The Nasdaq Stock Market Closing Bell – GlobeNewswire (press release) (globenewswire.com)
- Hills Partners with Cognizant to Drive Digital Transformation (finance.yahoo.com)
A number of research firms recently weighed in on CTSH. Vetr upgraded Cognizant Technology Solutions Corporation from a “sell” rating to a “buy” rating and set a $76.85 price target on the stock in a research note on Tuesday, September 19th. Wedbush reissued an “outperform” rating on shares of Cognizant Technology Solutions Corporation in a report on Monday, September 18th. Bank of America Corporation reissued a “buy” rating and issued a $86.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Tuesday, September 12th. Robert W. Baird reissued a “buy” rating and issued a $80.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Sunday, September 10th. Finally, KeyCorp reissued a “buy” rating and issued a $79.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Friday, September 8th. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $72.51.
Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) opened at 72.06 on Monday. The firm has a market cap of $42.56 billion, a P/E ratio of 23.12 and a beta of 1.14. The stock’s 50 day moving average price is $70.75 and its 200-day moving average price is $65.41. Cognizant Technology Solutions Corporation has a 12 month low of $45.44 and a 12 month high of $73.00.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last released its earnings results on Thursday, August 3rd. The information technology service provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the business earned $0.87 EPS. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities research analysts anticipate that Cognizant Technology Solutions Corporation will post $3.70 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Friday, August 18th. Cognizant Technology Solutions Corporation’s dividend payout ratio is presently 19.17%.
In other news, COO Srinivasan Veeraraghavachary sold 2,500 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $73.00, for a total value of $182,500.00. Following the completion of the transaction, the chief operating officer now owns 24,459 shares of the company’s stock, valued at approximately $1,785,507. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chandrasekaran Ramakrishnan sold 25,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $73.00, for a total transaction of $1,825,000.00. Following the completion of the transaction, the insider now directly owns 286,923 shares of the company’s stock, valued at approximately $20,945,379. The disclosure for this sale can be found here. Insiders have sold a total of 275,756 shares of company stock valued at $19,685,771 in the last ninety days. Company insiders own 1.08% of the company’s stock.
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About Cognizant Technology Solutions Corporation
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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