On Friday, Cognizant Technology Solutions Corp. (NASDAQ: CTSH) opened higher 0.94% from the last session, before settling in for the closing price of $73.73. Price fluctuations for CTSH have ranged from $62.14 to $80.27 over the past 52 weeks.
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Annual sales at Technology sector company grew by 3.81% over the past five years. Company’s average yearly earnings per share was noted 2.23% at the time writing. With a float of $494.66 million, this company’s outstanding shares have now reached $498.00 million.
Let’s look at the performance matrix of the company that is accounted for 347700 employees.
Cognizant Technology Solutions Corp. (CTSH) Insider Updates
A key investor’s attitude towards the stock of the Information Technology Services industry is another important factor to consider. The insider ownership of Cognizant Technology Solutions Corp. is 0.20%, while institutional ownership is 97.41%. The most recent insider transaction that took place on Aug 06 ’24, was worth 495,557. Before that another transaction happened on Aug 06 ’24, when Company’s Chief Executive Officer sold 6,728 for $73.66, making the entire transaction worth $495,584. This insider now owns 46,427 shares in total.
Cognizant Technology Solutions Corp. (CTSH) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 2.23% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.07% during the next five years compared to 3.19% growth over the previous five years of trading.
Cognizant Technology Solutions Corp. (NASDAQ: CTSH) Trading Performance Indicators
Check out the current performance indicators for Cognizant Technology Solutions Corp. (CTSH). In the past quarter, the stock posted a quick ratio of 2.46. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.91. Likewise, its price to free cash flow for the trailing twelve months is 22.87.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.39, a number that is poised to hit 1.16 in the next quarter and is forecasted to reach 4.96 in one year’s time.
Technical Analysis of Cognizant Technology Solutions Corp. (CTSH)
Cognizant Technology Solutions Corp. (NASDAQ: CTSH) saw its 5-day average volume 4.82 million, a positive change from its year-to-date volume of 4.17 million. As of the previous 9 days, the stock’s Stochastic %D was 25.50%. Additionally, its Average True Range was 1.78.
During the past 100 days, Cognizant Technology Solutions Corp.’s (CTSH) raw stochastic average was set at 64.50%, which indicates a significant increase from 32.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.37% in the past 14 days, which was higher than the 21.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $69.96, while its 200-day Moving Average is $71.55. Nevertheless, the first resistance level for the watch stands at $74.93 in the near term. At $75.44, the stock is likely to face the second major resistance level. The third major resistance level sits at $76.30. If the price goes on to break the first support level at $73.56, it is likely to go to the next support level at $72.70. Assuming the price breaks the second support level, the third support level stands at $72.19.
Cognizant Technology Solutions Corp. (NASDAQ: CTSH) Key Stats
There are currently 497,199K shares outstanding in the company with a market cap of 36.89 billion. Presently, the company’s annual sales total 19,353 M according to its annual income of 2,126 M. Last quarter, the company’s sales amounted to 4,850 M and its income totaled 566,000 K.
