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The price of Cognizant Technology Solutions Corp. (NASDAQ: CTSH) closed at $66.89 in the last session, down -0.98% from day before closing price of $67.55. In other words, the price has decreased by -$0.98 from its previous closing price. On the day, 2.11 million shares were traded. CTSH stock price reached its highest trading level at $67.69 during the session, while it also had its lowest trading level at $66.86.
Ratios:
We take a closer look at CTSH’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.79. For the most recent quarter (mrq), Quick Ratio is recorded 2.35 and its Current Ratio is at 2.35. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.08.
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, Goldman on June 24, 2024, initiated with a Neutral rating and assigned the stock a target price of $72.
On April 01, 2024, Susquehanna Downgraded its rating to Neutral which previously was Positive and also lowered its target price recommendation from $87 to $80.
On March 19, 2024, Guggenheim started tracking the stock assigning a Neutral rating and target price of $80.Guggenheim initiated its Neutral rating on March 19, 2024, with a $80 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 12 ’24 when Diaz Kathryn sold 900 shares for $77.06 per share. The transaction valued at 69,350 led to the insider holds 8,312 shares of the business.
Patsalos-Fox Michael sold 10,000 shares of CTSH for $767,323 on Feb 21 ’24. The Director now owns 54,695 shares after completing the transaction at $76.73 per share.
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 33585803264 and an Enterprise Value of 32291633152. As of this moment, Cognizant’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.07, and their Forward P/E ratio for the next fiscal year is 13.45. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.72 while its Price-to-Book (P/B) ratio in mrq is 2.46. Its current Enterprise Value per Revenue stands at 1.673 whereas that against EBITDA is 9.436.
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 $62.14. The 50-Day Moving Average of the stock is -0.43%, while the 200-Day Moving Average is calculated to be -5.60%.
Shares Statistics:
According to the various share statistics, CTSH traded on average about 3.65M shares per day over the past 3-months and 3618390 shares per day over the past 10 days. A total of 498.00M shares are outstanding, with a floating share count of 496.19M. Insiders hold about 0.20% of the company’s shares, while institutions hold 96.58% stake in the company. Shares short for CTSH as of 1718323200 were 15346410 with a Short Ratio of 4.20, compared to 1715731200 on 13659551. Therefore, it implies a Short% of Shares Outstanding of 15346410 and a Short% of Float of 3.94.
Dividends & Splits
The forward annual dividend rate for CTSH is 1.18, which was 1.18 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.01746854The stock’s 5-year Average Dividend Yield is 1.44.
