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Wednesday, February 1, 2023

Make Sure You Stick With Cognizant Technology Solutions Corporation (CTSH). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Cognizant Technology Solutions Corporation (CTSH) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.27, or 0.41%, to $65.37. The Cognizant Technology Solutions Corporation has recorded 188,917 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Cognizant Appoints Ravi Kumar S as Chief Executive Officer.

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Stocks Info

Cognizant Technology Solutions Corporation is listed on the NASDAQ in the Technology sector while operating in the Information Technology Services industry. At the end of the last regular session, the stock closed at $65.10 and fluctuated between $67.41 as its day high and $62.12 as its day low. The current market capitalization of Cognizant Technology Solutions Corporation is $32.24B. A total of 11.73 million shares were traded on the day, compared to an average of 4.29M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CTSH has seen 39 BUY and 26 SELL insider trades, representing the acquisition of 47,536 and the disposition of 18,895 shares. Over the last 12 months, there were 176 BUYs and 131 SELLs from insiders. Insiders purchased 304,724 shares during that period but sold 127,803.

In the most recent transaction, Mackay Leo S. Jr. sold 3,300 shares of CTSH for 52.79 per share on Nov 07. After the transaction, the Director now owns 28,310 company shares. In a previous transaction on Sep 09, Abdalla Zein sold 4,368 shares at 65.44 per share. CTSH shares that Director owns now total 13,556.

Among the insiders who sold shares, Patsalos-Fox Michael disposed of 5,687 shares on May 17 at a per-share price of $74.40. This resulted in the Director holding 57,534 shares of CTSH after the transaction. In another insider transaction, Stafford Andrew J sold 5,867 shares at $77.24 per share on May 10. Company shares held by the EVP, Head of Global Delivery now total 5,872.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Cognizant Technology Solutions Corporation pays an annual dividend of $1.08, resulting in a dividend yield of 1.66%, and it has a price to earnings (P/E) ratio of 14.50. CTSH’s most recent ex-dividend date was 11/17/2022 when it declared a $0.27 quarterly dividend that was paid in cash on 11/29/2022. Previously, the company paid the dividend on 8/30/2022 with an ex-dividend date of 8/18/2022. The CTSH stock dividend was $0.27 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CTSH in the last 3 months, the mean price target is $62.50 with high estimates of $93.00 and low estimates of $45.00. In terms of 52-week highs and lows, CTSH has a high of $93.47 and a low of $51.33.

As of this writing, CTSH has an earnings estimate of $1.16 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $1.18 per share and a lower estimate of $1.13. The company reported an EPS of $1.08 in the last quarter, which was 3.80% higher than expectations of $1.04.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 28 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CTSH is Sell with a score of 3.06. A total of 3 analysts rated the stock as Buy while 2 rated it as Overweight while 18 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 4 thought it should be Sold.

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