Cognizant Technology Solutions Corp (NASDAQ: CTSH) kicked off on Friday, up 0.03% from the previous trading day, before settling in for the closing price of $74.59. Over the past 52 weeks, CTSH has traded in a range of $62.14-$80.27.
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Annual sales at Technology sector company grew by 3.81% over the past five years. While this was happening, its average annual earnings per share was recorded 2.47%. With a float of $494.80 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. In terms of profitability, gross margin is 33.73%, operating margin of 14.99%, and the pretax margin is 15.18%.
Cognizant Technology Solutions Corp (CTSH) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Information Technology Services Industry. The insider ownership of Cognizant Technology Solutions Corp is 0.21%, while institutional ownership is 99.05%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 2.47% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.96% 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
Take a look at Cognizant Technology Solutions Corp’s (CTSH) current performance indicators. Last quarter, stock had a quick ratio of 2.23. 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 22.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.52, a number that is poised to hit 1.13 in the next quarter and is forecasted to reach 4.98 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 4.18 million, a positive change from its year-to-date volume of 3.83 million. As of the previous 9 days, the stock’s Stochastic %D was 13.78%. Additionally, its Average True Range was 1.39.
During the past 100 days, Cognizant Technology Solutions Corp’s (CTSH) raw stochastic average was set at 65.66%, which indicates a significant increase from 30.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.40% in the past 14 days, which was lower than the 20.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $76.33, while its 200-day Moving Average is $73.15. Nevertheless, the first resistance level for the watch stands at $75.31 in the near term. At $76.01, the stock is likely to face the second major resistance level. The third major resistance level sits at $77.11. If the price goes on to break the first support level at $73.51, it is likely to go to the next support level at $72.41. The third support level lies at $71.71 if the price breaches the second support level.
Cognizant Technology Solutions Corp (NASDAQ: CTSH) Key Stats
The company with the Market Capitalisation of 37.00 billion has total of 495,658K Shares Outstanding. Its annual sales at the moment are 19,353 M in contrast with the sum of 2,126 M annual income. Company’s last quarter sales were recorded 4,850 M and last quarter income was 566,000 K.
