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After finishing at $77.87 in the prior trading day, Cognizant Technology Solutions Corp. (NASDAQ: CTSH) closed at $76.22, down -2.12%. In other words, the price has decreased by -$2.12 from its previous closing price. On the day, 2.53 million shares were traded. CTSH stock price reached its highest trading level at $78.27 during the session, while it also had its lowest trading level at $75.8267.
Ratios:
Our goal is to gain a better understanding of CTSH by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.13 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.42. For the most recent quarter (mrq), Quick Ratio is recorded 2.46 and its Current Ratio is at 2.46. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.08.
On August 07, 2024, BofA Securities Upgraded its rating to Neutral which previously was Underperform and also upped its target price recommendation from $73 to $75.
On June 24, 2024, Goldman started tracking the stock assigning a Neutral rating and target price of $72.Goldman initiated its Neutral rating on June 24, 2024, with a $72 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 06 ’24 when Singisetti Ravi Kumar sold 6,728 shares for $73.66 per share. The transaction valued at 495,584 led to the insider holds 46,427 shares of the business.
Singisetti Ravi Kumar bought 6,728 shares of CTSH for $495,557 on Aug 06 ’24. On Mar 12 ’24, another insider, Diaz Kathryn, who serves as the EVP, Chief People Officer of the company, sold 900 shares for $77.06 each. As a result, the insider received 69,350 and left with 8,312 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CTSH now has a Market Capitalization of 38596894720 and an Enterprise Value of 36811051008. As of this moment, Cognizant’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.38, and their Forward P/E ratio for the next fiscal year is 15.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.96 while its Price-to-Book (P/B) ratio in mrq is 2.73. Its current Enterprise Value per Revenue stands at 1.911 whereas that against EBITDA is 10.642.
Stock Price History:
Over the past 52 weeks, CTSH has reached a high of $80.27, while it has fallen to a 52-week low of $62.14. The 50-Day Moving Average of the stock is 2.07%, while the 200-Day Moving Average is calculated to be 4.80%.
Shares Statistics:
The stock has traded on average 3.66M shares per day over the past 3-months and 2433980 shares per day over the last 10 days, according to various share statistics. A total of 498.00M shares are outstanding, with a floating share count of 494.63M. Insiders hold about 0.21% of the company’s shares, while institutions hold 98.52% stake in the company. Shares short for CTSH as of 1724976000 were 11689252 with a Short Ratio of 3.19, compared to 1722384000 on 11958536. Therefore, it implies a Short% of Shares Outstanding of 11689252 and a Short% of Float of 3.0199999.
Dividends & Splits
In the trailing 12 months, CTSH’s forward annual dividend rate was 1.19, compared to 1.19 this year. Against a Trailing Annual Dividend Yield of 0.01528188The stock’s 5-year Average Dividend Yield is 1.45.