Media headlines about Cognizant Technology Solutions (NASDAQ:CTSH) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty 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 daily sentiment score of 0.20 on Accern’s scale. Accern also assigned headlines about the information technology service provider an impact score of 45.2569907866539 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Accenture (ACN) Earnings and Revenues Beat Estimates in Q2 – Nasdaq (nasdaq.com)
- Is Blockchain Technologies ETF a Falling Knife? – Baystreet.ca (baystreet.ca)
- Accenture trims profit margin forecast as spending grows; stock dives (finance.yahoo.com)
- Zacks.com featured highlights include: Platform Specialty, Xylem, Cognizant Technology, Huntington Ingalls and Applied Materials (finance.yahoo.com)
- Insider Selling: Cognizant Technology Solutions Corp (CTSH) CFO Sells 1,791 Shares of Stock (americanbankingnews.com)
A number of equities research analysts have recently commented on CTSH shares. BMO Capital Markets reiterated a “buy” rating and set a $78.00 price target on shares of Cognizant Technology Solutions in a report on Tuesday, December 5th. Zacks Investment Research upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a report on Tuesday, January 2nd. Barclays reiterated a “buy” rating and set a $86.00 price target on shares of Cognizant Technology Solutions in a report on Friday, January 5th. Citigroup upgraded shares of Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $75.84 to $79.00 in a report on Thursday, January 18th. Finally, SunTrust Banks restated a “buy” rating and issued a $90.00 target price on shares of Cognizant Technology Solutions in a report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and three have assigned a strong buy rating to the company. Cognizant Technology Solutions presently has a consensus rating of “Buy” and a consensus target price of $85.43.
Cognizant Technology Solutions stock traded down $2.38 during midday trading on Thursday, hitting $80.97. 5,198,993 shares of the stock were exchanged, compared to its average volume of 3,776,451. Cognizant Technology Solutions has a twelve month low of $57.50 and a twelve month high of $85.10. The company has a current ratio of 3.21, a quick ratio of 3.21 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $49,578.58, a PE ratio of 32.00, a P/E/G ratio of 1.59 and a beta of 1.02.
Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, February 7th. The information technology service provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.15. Cognizant Technology Solutions had a net margin of 10.15% and a return on equity of 19.94%. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the previous year, the company posted $0.87 earnings per share. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. equities analysts forecast that Cognizant Technology Solutions will post 4.21 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.20 per share. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a yield of 0.99%. The ex-dividend date was Wednesday, February 21st. Cognizant Technology Solutions’s dividend payout ratio is currently 31.62%.
In other Cognizant Technology Solutions news, CEO Francisco Dsouza sold 240,000 shares of the stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $74.04, for a total transaction of $17,769,600.00. Following the completion of the transaction, the chief executive officer now directly owns 541,667 shares in the company, valued at $40,105,024.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Malcolm Frank sold 1,091 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $82.11, for a total value of $89,582.01. The disclosure for this sale can be found here. Insiders have sold 633,665 shares of company stock valued at $48,476,081 over the last quarter. Corporate insiders own 1.08% of the company’s stock.
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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.
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