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In the latest session, Cognizant Technology Solutions Corp (NASDAQ: CTSH) closed at $77.57 up 1.64% from its previous closing price of $76.32. In other words, the price has increased by $1.64 from its previous closing price. On the day, 4.6 million shares were traded. CTSH stock price reached its highest trading level at $77.6 during the session, while it also had its lowest trading level at $76.14.
Ratios:
For a deeper understanding of Cognizant Technology Solutions Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.32. For the most recent quarter (mrq), Quick Ratio is recorded 2.23 and its Current Ratio is at 2.23. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.11.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 38461067264 and an Enterprise Value of 38299086848. As of this moment, Cognizant’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.16, and their Forward P/E ratio for the next fiscal year is 15.58. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.98 while its Price-to-Book (P/B) ratio in mrq is 2.66. Its current Enterprise Value per Revenue stands at 1.973 whereas that against EBITDA is 11.037.
Stock Price History:
Over the past 52 weeks, CTSH has reached a high of $82.41, while it has fallen to a 52-week low of $63.79. The 50-Day Moving Average of the stock is 0.89%, while the 200-Day Moving Average is calculated to be 5.92%.
Shares Statistics:
For the past three months, CTSH has traded an average of 3.16M shares per day and 4091520 over the past ten days. A total of 498.00M shares are outstanding, with a floating share count of 494.68M. Insiders hold about 0.23% of the company’s shares, while institutions hold 96.69% stake in the company. Shares short for CTSH as of 1730332800 were 15491358 with a Short Ratio of 4.90, compared to 1727654400 on 14235732. Therefore, it implies a Short% of Shares Outstanding of 15491358 and a Short% of Float of 3.9899999999999998.
Dividends & Splits
According to the company, the forward annual dividend rate for CTSH is 1.49, from 1.2 in the trailing year. Against a Trailing Annual Dividend Yield of 0.015723271The stock’s 5-year Average Dividend Yield is 1.46.
