Currently, there are 498.00M common shares owned by the public and among those 494.63M shares have been available to trade.
The company’s stock has a 5-day price change of 1.64% and 3.59% over the past three months. CTSH shares are trading 2.45% year to date (YTD), with the 12-month market performance up to 17.63% higher. It has a 12-month low price of $62.14 and touched a high of $80.27 over the same period. CTSH has an average intraday trading volume of 3.34 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.47%, 1.75%, and 5.89% respectively.
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Institutional ownership of Cognizant Technology Solutions Corp. (NASDAQ: CTSH) shares accounts for 98.68% of the company’s 498.00M shares outstanding.
It has a market capitalization of $38.35B and a beta (3y monthly) value of 1.05. The stock’s trailing 12-month PE ratio is 17.64, while the earnings-per-share (ttm) stands at $4.39. The company has a PEG of 2.68 and a Quick Ratio of 2.46 with the debt-to-equity ratio at 0.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.70% over the week and 1.54% over the month.
Analysts forecast that Cognizant Technology Solutions Corp. (CTSH) will achieve an EPS of 1.15 for the current quarter, 1.19 for the next quarter and 4.98 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.1 while analysts give the company a high EPS estimate of 1.1. Comparatively, EPS for the current quarter was 1.16 a year ago. Earnings per share for the fiscal year are expected to increase by 1.63%, and 7.34% over the next financial year. EPS should grow at an annualized rate of 6.57% over the next five years, compared to 3.19% over the past 5-year period.
Looking at the support for the CTSH, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on August 28, 2024, with the firm’s price target at $90. BofA Securities coverage for the Cognizant Technology Solutions Corp. (CTSH) stock in a research note released on August 07, 2024 offered a Neutral rating with a price target of $75. Goldman was of a view on June 24, 2024 that the stock is Neutral, while Susquehanna gave the stock Neutral rating on April 01, 2024, issuing a price target of $87- $80. Guggenheim on their part issued Neutral rating on March 19, 2024.
