Currently, there are 495.00M common shares owned by the public and among those 492.05M shares have been available to trade.
The company’s stock has a 5-day price change of -6.78% and 10.78% over the past three months. CTSH shares are trading 9.95% year to date (YTD), with the 12-month market performance up to 9.14% higher. It has a 12-month low price of $63.79 and touched a high of $90.82 over the same period. CTSH has an average intraday trading volume of 2.98 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 -1.07%, 4.11%, and 11.74% respectively.
Institutional ownership of Cognizant Technology Solutions Corp (NASDAQ: CTSH) shares accounts for 96.83% of the company’s 495.00M shares outstanding.
It has a market capitalization of $41.82B and a beta (3y monthly) value of 1.12. The stock’s trailing 12-month PE ratio is 18.76, while the earnings-per-share (ttm) stands at $4.51. The company has a PEG of 2.52 and a Quick Ratio of 2.09 with the debt-to-equity ratio at 0.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.85% over the week and 1.96% over the month.
Earnings per share for the fiscal year are expected to increase by 5.41%, and 7.58% over the next financial year. EPS should grow at an annualized rate of 7.45% over the next five years, compared to 6.50% over the past 5-year period.
Looking at the support for the CTSH, a number of firms have released research notes about the stock. Barclays stated their Overweight rating for the stock in a research note on December 17, 2024, with the firm’s price target at $80-$95. Jefferies coverage for the Cognizant Technology Solutions Corp (CTSH) stock in a research note released on August 28, 2024 offered a Buy rating with a price target of $90. BofA Securities was of a view on August 07, 2024 that the stock is Neutral, while Goldman gave the stock Neutral rating on June 24, 2024, issuing a price target of $72. Susquehanna on their part issued Neutral rating on April 01, 2024.
