News stories about Cognizant Technology Solutions (NASDAQ:CTSH) have trended somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. 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 media sentiment score of 0.24 on Accern’s scale. Accern also gave news stories about the information technology service provider an impact score of 46.2635022324506 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
A number of equities analysts have recently issued reports on CTSH shares. SunTrust Banks reiterated a “buy” rating and issued a $85.00 price objective on shares of Cognizant Technology Solutions in a report on Friday, November 3rd. Credit Suisse Group reiterated an “outperform” rating and issued a $89.00 price objective (up from $80.00) on shares of Cognizant Technology Solutions in a report on Thursday, November 2nd. Citigroup increased their target price on Cognizant Technology Solutions from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. BidaskClub upgraded Cognizant Technology Solutions from a “sell” rating to a “hold” rating in a report on Friday, January 19th. Finally, Morgan Stanley increased their target price on Cognizant Technology Solutions from $77.00 to $84.00 and gave the company an “equal weight” rating in a report on Monday, February 5th. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. Cognizant Technology Solutions presently has an average rating of “Buy” and a consensus target price of $84.32.
Cognizant Technology Solutions (CTSH) traded down $0.42 during midday trading on Friday, reaching $80.95. The company’s stock had a trading volume of 4,510,490 shares, compared to its average volume of 4,120,000. Cognizant Technology Solutions has a 1-year low of $57.00 and a 1-year high of $81.87. The company has a current ratio of 3.21, a quick ratio of 3.29 and a debt-to-equity ratio of 0.07. The stock has a market cap of $47,730.00, a PE ratio of 32.12, a P/E/G ratio of 1.52 and a beta of 1.11.
Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, February 7th. The information technology service provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.15. Cognizant Technology Solutions had a return on equity of 19.94% and a net margin of 10.15%. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter last year, the business posted $0.87 EPS. The business’s revenue was up 10.6% on a year-over-year basis. equities analysts forecast that Cognizant Technology Solutions will post 4.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 22nd will be issued a $0.20 dividend. The ex-dividend date is Wednesday, February 21st. This represents a $0.80 annualized dividend and a yield of 0.99%. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 23.81%.
In other news, CEO Francisco Dsouza sold 482,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $72.04, for a total value of $34,723,280.00. Following the completion of the transaction, the chief executive officer now owns 621,643 shares of the company’s stock, valued at approximately $44,783,161.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Karen Mcloughlin sold 9,482 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $72.24, for a total value of $684,979.68. Following the completion of the transaction, the chief financial officer now directly owns 52,200 shares of the company’s stock, valued at approximately $3,770,928. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,111,296 shares of company stock valued at $82,190,888. Company insiders own 1.08% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Cognizant Technology Solutions (CTSH) Given Daily News Impact Rating of 0.24” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & international trademark and copyright law. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/02/18/cognizant-technology-solutions-ctsh-given-daily-news-impact-rating-of-0-24.html.
About Cognizant Technology Solutions
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.
Receive News & Ratings for Cognizant Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.