The price of Cognizant Technology Solutions Corp. (NASDAQ: CTSH) closed at $75.15 in the last session, up 0.67% from day before closing price of $74.65. In other words, the price has increased by $+0.50 from its previous closing price. On the day, 6415083 shares were traded.
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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 14.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.59. 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, Guggenheim on March 19, 2024, initiated with a Neutral rating and assigned the stock a target price of $80.
On January 30, 2024, Mizuho started tracking the stock assigning a Neutral rating and target price of $82.
Societe Generale Downgraded its Hold to Sell on January 05, 2024, while the target price for the stock was maintained at $67.
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. On Jun 12 ’23, another insider, Patsalos-Fox Michael, who serves as the Director of the company, sold 6,926 shares for $62.79 each. As a result, the insider received 434,875 and left with 64,695 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 37.41B and an Enterprise Value of 36.09B. As of this moment, Cognizant’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.87, and their Forward P/E ratio for the next fiscal year is 15.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.93 while its Price-to-Book (P/B) ratio in mrq is 2.83. Its current Enterprise Value per Revenue stands at 1.86 whereas that against EBITDA is 10.67.
Stock Price History:
The Beta on a monthly basis for CTSH is 1.07, which has changed by 29.21% over the last 52 weeks, in comparison to a change of 32.31% over the same period for the S&P500. Over the past 52 weeks, CTSH has reached a high of $80.09, while it has fallen to a 52-week low of $57.24. The 50-Day Moving Average of the stock is 77.12, while the 200-Day Moving Average is calculated to be 70.62.
Shares Statistics:
According to the various share statistics, CTSH traded on average about 4.01M shares per day over the past 3-months and 5.57M shares per day over the past 10 days. A total of 498.00M shares are outstanding, with a floating share count of 496.85M. Insiders hold about 0.20% of the company’s shares, while institutions hold 96.00% stake in the company. Shares short for CTSH as of Feb 29, 2024 were 9.47M with a Short Ratio of 2.36, compared to 11.6M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.90% and a Short% of Float of 2.16%.
Dividends & Splits
The forward annual dividend rate for CTSH is 1.17, which was 1.17 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 1.57%, it implies a Forward Annual Dividend Yield of 1.60%. 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
The company has 20 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.1 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 $1.11, 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 28 analysts recommending between $5.55 and $4.67.
Revenue Estimates
According to 17 analysts, the current quarter’s revenue is expected to be $4.72B. 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 27 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 27 analysts’ estimates, the company’s revenue will be $20.45B 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.
