On Friday, Cognizant Technology Solutions Corp. (NASDAQ: CTSH) was -0.05% drop from the session before settling in for the closing price of $74.86. A 52-week range for CTSH has been $62.14 – $80.27.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 3.81%. When this article was written, the company’s average yearly earnings per share was at 1.52%. With a float of $494.63 million, this company’s outstanding shares have now reached $498.00 million.
Considering the fact that the conglomerate employs 347700 people, you should pay attention to its efficiency factor. 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Cognizant Technology Solutions Corp. stocks. The insider ownership of Cognizant Technology Solutions Corp. is 0.21%, while institutional ownership is 99.14%. 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
According to the Wall Street analysts, stocks earnings will be around 1.52% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.95% 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
You can see what Cognizant Technology Solutions Corp. (CTSH) is doing with its current performance indicators. In the most recent 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 1.93. Likewise, its price to free cash flow for the trailing twelve months is 22.99.
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)
Compared to the last year’s volume of 3.82 million, its volume of 3.37 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 18.11%. Additionally, its Average True Range was 1.17.
During the past 100 days, Cognizant Technology Solutions Corp.’s (CTSH) raw stochastic average was set at 66.93%, which indicates a significant increase from 14.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.01% in the past 14 days, which was lower than the 20.17% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $76.46, while its 200-day Moving Average is $73.18. Nevertheless, the first resistance level for the watch stands at $75.36 in the near term. At $75.90, the stock is likely to face the second major resistance level. The third major resistance level sits at $76.26. If the price goes on to break the first support level at $74.45, it is likely to go to the next support level at $74.09. Now, if the price goes above the second support level, the third support stands at $73.55.
Cognizant Technology Solutions Corp. (NASDAQ: CTSH) Key Stats
There are 497,199K outstanding shares of the company, which has a market capitalization of 37.09 billion. As of now, sales total 19,353 M while income totals 2,126 M. Its latest quarter income was 4,850 M while its last quarter net income were 566,000 K.
