A new trading day began on Friday, with Cognizant Technology Solutions Corp (NASDAQ: CTSH) stock price down -0.32% from the previous day of trading, before settling in for the closing price of $80.75. CTSH’s price has ranged from $63.79 to $82.41 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 3.81% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 2.31%. With a float of $494.79 million, this company’s outstanding shares have now reached $498.00 million.
In an organization with 347700 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 31.7%, operating margin of 15.25%, and the pretax margin is 15.18%.
Cognizant Technology Solutions Corp (CTSH) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Information Technology Services Industry. The insider ownership of Cognizant Technology Solutions Corp is 0.21%, while institutional ownership is 96.69%. 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
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 1.18 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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 2.31% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.68% 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
Here are Cognizant Technology Solutions Corp’s current performance indicators. According to the last quarter’s results, the 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 2.05. Likewise, its price to free cash flow for the trailing twelve months is 24.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.52, a number that is poised to hit 1.12 in the next quarter and is forecasted to reach 4.98 in one year’s time.
Technical Analysis of Cognizant Technology Solutions Corp (CTSH)
Let’s dig in a bit further. During the last 5-days, its volume was 2.3 million. That was inferior than the volume of 3.81 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 91.72%. Additionally, its Average True Range was 1.48.
During the past 100 days, Cognizant Technology Solutions Corp’s (CTSH) raw stochastic average was set at 86.79%, which indicates a significant increase from 73.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.79% in the past 14 days, which was higher than the 22.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $77.35, while its 200-day Moving Average is $73.33. However, in the short run, Cognizant Technology Solutions Corp’s stock first resistance to watch stands at $80.91. Second resistance stands at $81.33. The third major resistance level sits at $81.68. If the price goes on to break the first support level at $80.14, it is likely to go to the next support level at $79.79. The third support level lies at $79.37 if the price breaches the second support level.
Cognizant Technology Solutions Corp (NASDAQ: CTSH) Key Stats
With a market capitalization of 39.78 billion, the company has a total of 495,824K Shares Outstanding. Currently, annual sales are 19,353 M while annual income is 2,126 M. The company’s previous quarter sales were 5,044 M while its latest quarter income was 582,000 K.
