News coverage about Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. 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 coverage optimism score of 0.15 on Accern’s scale. Accern also gave news articles about the information technology service provider an impact score of 45.7089747962216 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Insider Trading Activity Cognizant Technology Solutions Corporation (NASDAQ:CTSH) – Director Sold 11,560 shares of Stock (4-traders.com)
- Cognizant Technology Solutions (CTSH) Stake Increased by Dynamic Technology Lab Private Ltd (topactu.net)
- Cognizant Technology Solutions Corporation (CTSH) Stake Increased by Advisor Partners LLC (wisdomsave.com)
- Cognizant Technology Solutions Corporation (CTSH) Given Buy Rating at Cowen and Company (techkenyot.com)
- A Look at these Riveting Stocks: Cognizant Technology Solutions Corporation (NASDAQ:CTSH) and The Estee Lauder … – FLBC News (flbcnews.com)
Cognizant Technology Solutions Corporation (CTSH) traded down 0.24% during trading on Friday, hitting $70.07. The company had a trading volume of 2,636,572 shares. The company has a market cap of $41.38 billion, a PE ratio of 22.48 and a beta of 1.17. Cognizant Technology Solutions Corporation has a 12 month low of $45.44 and a 12 month high of $72.07. The company’s 50 day moving average price is $69.29 and its 200-day moving average price is $63.21.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last posted its earnings results on Thursday, August 3rd. The information technology service provider reported $0.93 EPS 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 firm had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. Cognizant Technology Solutions Corporation’s quarterly revenue was up 8.9% on a year-over-year basis. Equities analysts expect that Cognizant Technology Solutions Corporation will post $3.70 earnings per share for the current 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 given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.86%. The ex-dividend date is Friday, August 18th. Cognizant Technology Solutions Corporation’s dividend payout ratio (DPR) is 19.17%.
Several research analysts have recently commented on CTSH shares. Vetr lowered Cognizant Technology Solutions Corporation from a “strong-buy” rating to a “buy” rating and set a $67.50 price target for the company. in a research report on Monday, May 1st. Cantor Fitzgerald reiterated a “buy” rating and issued a $67.00 price objective on shares of Cognizant Technology Solutions Corporation in a research note on Friday, May 5th. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price objective (up from $65.00) on shares of Cognizant Technology Solutions Corporation in a research note on Friday, May 5th. Credit Suisse Group set a $70.00 price objective on Cognizant Technology Solutions Corporation and gave the company a “buy” rating in a research note on Saturday, May 6th. Finally, Morgan Stanley increased their price objective on 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Cognizant Technology Solutions Corporation currently has an average rating of “Buy” and an average price target of $70.02.
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In other news, Director John E. Klein sold 11,560 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $71.86, for a total value of $830,701.60. Following the completion of the transaction, the director now directly owns 482,880 shares in the company, valued at $34,699,756.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gajakarnan Vibushanan Kandiah sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $66.00, for a total transaction of $99,000.00. Following the completion of the transaction, the insider now owns 10,515 shares of the company’s stock, valued at $693,990. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,222 shares of company stock valued at $6,326,183. 1.08% of the stock is owned by insiders.
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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