Cognizant Technology Solutions Corporation (CTSH) Given Coverage Optimism Score of 0.14
Headlines about Cognizant Technology Solutions Corporation (NASDAQ:CTSH) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of 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 media sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the information technology service provider an impact score of 45.9569303261387 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Comprehensive Stock Analysis: Cognizant Technology Solutions Corporation (NASDAQ: CTSH) – The Investor Guide (wallstreetnews24.com)
- US Justice, State Departments join forces to probe companies abusing visa programs – Reuters (reuters.com)
- Cognizant Schedules Third Quarter 2017 Earnings Release and Conference Call (finance.yahoo.com)
- Cognizant Technology Solutions Corporation (CTSH) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
- AT&T Inc. (T) in Versatile Ratio figures at Street- Cognizant Technology Solutions Corporation (CTSH) – Investing News Update (investingbizz.com)
Shares of Cognizant Technology Solutions Corporation (CTSH) traded down 0.54% on Wednesday, reaching $73.60. 2,468,240 shares of the company were exchanged. Cognizant Technology Solutions Corporation has a 52-week low of $49.35 and a 52-week high of $74.10. The stock has a 50 day moving average of $71.77 and a 200-day moving average of $66.97. The company has a market capitalization of $43.47 billion, a P/E ratio of 23.61 and a beta of 1.12.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last issued its earnings results on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share for the quarter, topping the 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 company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the business posted $0.87 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, analysts predict that Cognizant Technology Solutions Corporation will post $3.70 EPS for the current fiscal year.
A number of research firms have weighed in on CTSH. Zacks Investment Research upgraded Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Tuesday. Royal Bank Of Canada restated a “buy” rating and set a $77.00 target price on shares of Cognizant Technology Solutions Corporation in a report on Sunday. Vetr upgraded Cognizant Technology Solutions Corporation from a “sell” rating to a “buy” rating and set a $76.85 target price for the company in a report on Tuesday, September 19th. Wedbush restated an “outperform” rating on shares of Cognizant Technology Solutions Corporation in a report on Monday, September 18th. Finally, Bank of America Corporation restated a “buy” rating and set a $86.00 target price on shares of Cognizant Technology Solutions Corporation in a report on Tuesday, September 12th. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $72.99.
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In related news, COO Srinivasan Veeraraghavachary sold 2,500 shares of the company’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 transaction, the chief operating officer now owns 27,165 shares of the company’s stock, valued at $1,928,715. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gajakarnan Vibushanan Kandiah sold 4,999 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $69.50, for a total transaction of $347,430.50. Following the transaction, the insider now directly owns 10,515 shares in the company, valued at approximately $730,792.50. The disclosure for this sale can be found here. Insiders have sold 287,324 shares of company stock worth $20,518,833 over the last 90 days. 1.08% of the stock is currently owned by company 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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