On Monday, Cognizant Technology Solutions Corp. (NASDAQ: CTSH) opened higher 0.38% from the last session, before settling in for the closing price of $75.84. Price fluctuations for CTSH have ranged from $62.14 to $80.27 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 3.81%. Company’s average yearly earnings per share was noted 1.70% at the time writing. With a float of $494.64 million, this company’s outstanding shares have now reached $498.00 million.
Let’s determine the extent of company efficiency that accounts for 347700 employees. In terms of profitability, gross margin is 32.41%, operating margin of 15.1%, and the pretax margin is 15.12%.
Cognizant Technology Solutions Corp. (CTSH) Breakdown of a Key Holders of the stock
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 0.21%, while institutional ownership is 98.58%. The most recent insider transaction that took place on Aug 06 ’24, was worth 495,584. In this transaction Chief Executive Officer of this company sold 6,728 shares at a rate of $73.66, taking the stock ownership to the 46,427 shares. Before that another transaction happened on Aug 06 ’24, when Company’s Officer proposed sale 6,728 for $73.66, making the entire transaction worth $495,557.
Cognizant Technology Solutions Corp. (CTSH) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 1.16 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.09) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1.70% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.28% 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 1.96. Likewise, its price to free cash flow for the trailing twelve months is 23.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.39, a number that is poised to hit 1.15 in the next quarter and is forecasted to reach 4.96 in one year’s time.
Technical Analysis of Cognizant Technology Solutions Corp. (CTSH)
Looking closely at Cognizant Technology Solutions Corp. (NASDAQ: CTSH), its last 5-days average volume was 2.89 million, which is a drop from its year-to-date volume of 4.0 million. As of the previous 9 days, the stock’s Stochastic %D was 16.42%. Additionally, its Average True Range was 1.23.
During the past 100 days, Cognizant Technology Solutions Corp.’s (CTSH) raw stochastic average was set at 74.88%, which indicates a significant increase from 27.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.56% in the past 14 days, which was lower than the 20.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $73.80, while its 200-day Moving Average is $72.58. However, in the short run, Cognizant Technology Solutions Corp.’s stock first resistance to watch stands at $76.56. Second resistance stands at $76.99. The third major resistance level sits at $77.23. If the price goes on to break the first support level at $75.89, it is likely to go to the next support level at $75.65. Now, if the price goes above the second support level, the third support stands at $75.22.
Cognizant Technology Solutions Corp. (NASDAQ: CTSH) Key Stats
There are currently 497,199K shares outstanding in the company with a market cap of 37.73 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.
