After finishing at $76.69 in the prior trading day, Cognizant Technology Solutions Corp. (NASDAQ: CTSH) closed at $77.46, up 1.00%. In other words, the price has increased by $+0.77 from its previous closing price. On the day, 4782796 shares were traded. CTSH stock price reached its highest trading level at $77.96 during the session, while it also had its lowest trading level at $77.05.
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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 14.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.16. For the most recent quarter (mrq), Quick Ratio is recorded 2.25 and its Current Ratio is at 2.25. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.09.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Mizuho on January 30, 2024, initiated with a Neutral rating and assigned the stock a target price of $82.
On January 05, 2024, Societe Generale Downgraded its rating to Sell which previously was Hold but kept the price unchanged to $67.
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 Feb 21 ’24 when Patsalos-Fox Michael sold 10,000 shares for $76.73 per share. The transaction valued at 767,323 led to the insider holds 54,695 shares of the business.
Patsalos-Fox Michael sold 6,926 shares of CTSH for $434,875 on Jun 12 ’23. The Director now owns 64,695 shares after completing the transaction at $62.79 per share. On Jun 09 ’23, another insider, Mackay Leo S. Jr., who serves as the Director of the company, sold 4,473 shares for $61.99 each. As a result, the insider received 277,294 and left with 26,671 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 38.56B and an Enterprise Value of 37.24B. As of this moment, Cognizant’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.42, and their Forward P/E ratio for the next fiscal year is 15.64. 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 1.99 while its Price-to-Book (P/B) ratio in mrq is 2.92. Its current Enterprise Value per Revenue stands at 1.92 whereas that against EBITDA is 11.01.
Stock Price History:
Over the past 52 weeks, CTSH has reached a high of $80.09, while it has fallen to a 52-week low of $56.45. The 50-Day Moving Average of the stock is 76.80, while the 200-Day Moving Average is calculated to be 69.96.
Shares Statistics:
The stock has traded on average 3.91M shares per day over the past 3-months and 4.54M 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 496.86M. Insiders hold about 0.20% of the company’s shares, while institutions hold 95.99% stake in the company. Shares short for CTSH as of Feb 15, 2024 were 8.83M with a Short Ratio of 2.26, compared to 10.49M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.77% and a Short% of Float of 2.01%.
Dividends & Splits
In the trailing 12 months, CTSH’s forward annual dividend rate was 1.17, compared to 1.17 this year. Against a Trailing Annual Dividend Yield of 1.53%, it implies a Forward Annual Dividend Yield of 1.55%. The stock’s 5-year Average Dividend Yield is 1.40. The current Payout Ratio is 27.55% for CTSH, which recently paid a dividend on Feb 28, 2024 with an ex-dividend date of Feb 16, 2024. Stock splits for the company last occurred on Mar 10, 2014 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 19 different market analysts. On average, analysts expect EPS of $1.11 for the current quarter, with a high estimate of $1.16 and a low estimate of $1.06, while EPS last year was $1.11. The consensus estimate for the next quarter is $1.1, with high estimates of $1.15 and low estimates of $1.06.
Analysts are recommending an EPS of between $5.03 and $4.54 for the fiscal current year, implying an average EPS of $4.62. EPS for the following year is $4.99, with 27 analysts recommending between $5.55 and $4.67.
Revenue Estimates
16 analysts predict $4.72B in revenue for the current quarter. It ranges from a high estimate of $4.75B to a low estimate of $4.69B. As of the current estimate, Cognizant Technology Solutions Corp.’s year-ago sales were $4.81B, an estimated decrease of -1.90% from the year-ago figure.
A total of 26 analysts have provided revenue estimates for CTSH’s current fiscal year. The highest revenue estimate was $20.13B, while the lowest revenue estimate was $19.11B, resulting in an average revenue estimate of $19.46B. In the same quarter a year ago, actual revenue was $19.35B, up 0.60% from the average estimate. Based on 26 analysts’ estimates, the company’s revenue will be $20.46B in the next fiscal year. The high estimate is $21.74B and the low estimate is $19.68B. The average revenue growth estimate for next year is up 5.10% from the average revenue estimate for this year.
