News stories about Cognizant Technology Solutions (NASDAQ:CTSH) have been trending somewhat positive on Thursday, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cognizant Technology Solutions earned a news impact score of 0.13 on Accern’s scale. Accern also gave media headlines about the information technology service provider an impact score of 45.9577059386302 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Cognizant Schedules Fourth Quarter 2017 Earnings Release and Conference Call (finance.yahoo.com)
- Wedbush Analysts Boost Earnings Estimates for Cognizant Technology Solutions Corp (CTSH) (americanbankingnews.com)
- Cognizant Technology Solutions Corp (NASDAQ:CTSH) Elects Joseph M. Velli To Its Board – FinancialsTrend (financialstrend.com)
- After Hours Most Active for Jan 8, 2018 : F, INTC, FB, SQ, MSFT, VZ, GE, TWTR, LOW, EBAY, CTSH, FITB – Nasdaq (nasdaq.com)
- Cognizant Technology Solutions’ (CTSH) “Buy” Rating Reiterated at Barclays (americanbankingnews.com)
A number of analysts have issued reports on CTSH shares. Barclays boosted their price objective on shares of Cognizant Technology Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, October 30th. They noted that the move was a valuation call. Royal Bank of Canada reissued a “buy” rating and issued a $77.00 price objective on shares of Cognizant Technology Solutions in a report on Sunday, October 8th. Zacks Investment Research downgraded shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Robert W. Baird upped their price target on shares of Cognizant Technology Solutions from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, October 19th. Finally, Pivotal Research initiated coverage on shares of Cognizant Technology Solutions in a report on Wednesday, November 8th. They set a “buy” rating and a $93.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $81.75.
Cognizant Technology Solutions (CTSH) opened at $73.97 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.29 and a quick ratio of 3.29. Cognizant Technology Solutions has a 12-month low of $51.52 and a 12-month high of $76.51. The stock has a market cap of $43,620.00, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 1.40 and a beta of 1.08.
Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.13. Cognizant Technology Solutions had a net margin of 13.42% and a return on equity of 18.94%. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the prior year, the company posted $0.86 EPS. The company’s revenue was up 9.1% on a year-over-year basis. equities research analysts predict that Cognizant Technology Solutions will post 3.35 earnings per share for the current year.
In other news, insider Venkat Krishnaswamy sold 4,000 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $75.00, for a total transaction of $300,000.00. Following the completion of the sale, the insider now directly owns 3,919 shares in the company, valued at $293,925. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Sumithra Gomatam sold 3,163 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $76.00, for a total transaction of $240,388.00. Following the sale, the insider now owns 6,346 shares of the company’s stock, valued at $482,296. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 567,254 shares of company stock valued at $40,907,258. Corporate insiders own 1.08% of the company’s stock.
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Cognizant Technology Solutions Company Profile
Cognizant Technology Solutions Corporation is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Financial Services segment includes customers providing banking/transaction processing, capital markets and insurance services.
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