The company had a trading volume of 3,239,812 shares. Cognizant Technology Solutions Corp also saw some unusual options trading on Wednesday. $201,525 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) was sold by Shaheen Allen on Saturday, December 3. The Weekly and Monthly Volatility stands at 1.12% and 1.24%. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. Moreno Evelyn V increased its stake in shares of Cognizant Technology Solutions Corp by 15.7% in the first quarter. Needham has “Buy” rating and $78 target. PNC Financial Services had 44 analyst reports since August 6, 2015 according to SRatingsIntel. Moreover, Gilman Hill Asset Management Llc has 2.26% invested in the company for 322,233 shares. Sei Investments holds 0.03% of its portfolio in Cognizant Technology Solutions Corp (NASDAQ:CTSH) for 109,569 shares. The 200 SMA is considered so critically important a trend indicator that the event of the 50-day SMA crossing to the downside of the 200-day SMA is referred to as a death cross, signaling a serious bear market in a stock, index or other investment.
Cognizant Technology Solutions Corp (NASDAQ:CTSH) institutional sentiment decreased to 0.89 in 2016 Q4. The company’s current price-earnings ratio amounts to 23.48 times earnings, above the average P/E ratio of 20.04 times earnings. At recent closing price of $64.76, XLNX has a chance to give up $-2.71 or -4.18% in 52 weeks, based on mean target price ($62.05) placed by analysts.The analyst consensus opinion of 2.7 looks like a hold. The 5 months bullish chart indicates low risk for the $38.40B company.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) yearly performance is 5.47% and net profit margin is 12.10%. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.52 billion. Cognizant Technology Solutions Corp (NASDAQ:CTSH) has risen 6.00% since April 18, 2017 and is uptrending. The firm’s revenue was up 10.7% compared to the same quarter a year ago.
The company’s expected revenue in the current quarter to be 3.66 Billion, seeing a projected current quarter growth of 3.4%, and per annum growth estimates over the next 5 year period of around 12.8%.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Tuesday, May 23rd will be paid a dividend of $0.15 per share. The indicated annual dividend is $0.60. The ex-dividend date is Thursday, May 18th. “We have created comprehensive abilities over the years to be a trusted advisor in the fast-moving distributed ledger market and are diligently investing in solutions that bring together best-in-class technology with the full-suite of services essential to understand distributed ledger’s full potential”. If you are reading this story on another publication, it was illegally stolen and republished in violation of U.S. & worldwide trademark and copyright law. The original version of this article can be read at https://sportsperspectives.com/2017/05/17/cognizant-technology-solutions-corp-ctsh-pt-raised-to-72-00-at-needham-company-llc.html.
Several equities analysts have recently issued reports on CTSH shares. As per Tuesday, January 31, the company rating was downgraded by Morgan Stanley. After $0.15 actual EPS reported by HopFed Bancorp, Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth. Cognizant Technology Solutions Corp has a consensus rating of “Buy” and a consensus target price of $63.37. Cantor Fitzgerald reissued an “overweight” rating and issued a $67.00 price objective on shares of Cognizant Technology Solutions Corp in a report on Friday, February 10th. Cognizant Technology Solutions Corp has a 52 week low of $45.44 and a 52 week high of $65.32. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company’s stock.
Insider Trades for Cognizant Technology Solutions Corporation show that the latest trade was made on 9 May 2017 where Krishnaswamy Venkat, the Officer completed a transaction type “Sell” in which 6438 shares were traded at a price of $64.15. The stock was sold at an average price of $65.00, for a total value of $122,850.00. Its book value per share for the most recent quarter is $16.5 while its price to book ratio for the same period is 3.95, as for as the company’s cash per share for the most recent quarter is $7.27, however its price to cash per share ratio for the same period is 8.96. The sale was disclosed in a document filed with the SEC, which is available through this link. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,779 shares of the information technology service provider’s stock worth $1,949,000 after buying an additional 115 shares in the last quarter. The disclosure for this sale can be found here. Insiders sold a total of 36,910 shares of company stock worth $2,257,677 in the last three months. Texas Permanent School Fund has 0.14% invested in Cognizant Technology Solutions Corp (NASDAQ:CTSH). The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. “We carry on to work forcefully towards developing the implementation of new technologies across the group in order to give improved and highly developed financial services to our clients”.