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Friday, September 29, 2023

What Are The Chances Of Cognizant Technology Solutions Corporation (NASDAQ: CTSH) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Cognizant Technology Solutions Corporation (CTSH) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.14, or 0.20%, to $71.48. The Cognizant Technology Solutions Corporation has recorded 135,071 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that COGNIZANT REPORTS SECOND QUARTER 2023 RESULTS.

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Stocks Info

As a NASDAQ listed company, CTSH falls under the Technology sector while operating within the Information Technology Services industry segment. At the end of the last regular session, the stock closed at $71.34 and fluctuated between $71.68 as its day high and $71.09 as its day low. The current market capitalization of Cognizant Technology Solutions Corporation is $35.98B. A total of 1.82 million shares were traded on the day, compared to an average of 3.64M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CTSH has seen 24 BUY and 16 SELL insider trades, representing the acquisition of 52,095 and the disposition of 29,352 shares. Over the last 12 months, there were 170 BUYs and 109 SELLs from insiders. Insiders purchased 288,893 shares during that period but sold 136,650.

In the most recent transaction, Patsalos-Fox Michael sold 6,926 shares of CTSH for 62.79 per share on Jun 12. After the transaction, the Director now owns 64,695 company shares. In a previous transaction on Jun 09, Mackay Leo S. Jr. sold 4,473 shares at 61.99 per share. CTSH shares that Director owns now total 26,671.

Among the insiders who sold shares, Walker Robert C. disposed of 7,000 shares on Jun 02 at a per-share price of $63.72. This resulted in the EVP & Pres, Global Growth Mkts holding 7,710 shares of CTSH after the transaction. In another insider transaction, Abdalla Zein sold 6,926 shares at $62.55 per share on May 15. Company shares held by the Director now total 13,556.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Cognizant Technology Solutions Corporation pays an annual dividend of $1.16, resulting in a dividend yield of 1.63%, and it has a price to earnings (P/E) ratio of 16.63. CTSH’s most recent ex-dividend date was 8/18/2023 when it declared a $0.29 quarterly dividend that was paid in cash on 8/29/2023. Previously, the company paid the dividend on 5/30/2023 with an ex-dividend date of 5/18/2023. The CTSH stock dividend was $0.29 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CTSH in the last 3 months, the mean price target is $72.20 with high estimates of $89.00 and low estimates of $60.00. In terms of 52-week highs and lows, CTSH has a high of $72.71 and a low of $51.33.

As of this writing, CTSH has an earnings estimate of $1.09 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $1.16 per share and a lower estimate of $1.01. The company reported an EPS of $1.11 in the last quarter, which was 6.70% higher than expectations of $1.04.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. CTSH’s latest balance sheet shows that the firm has $2.72B in Cash & Short Term Investments as of fiscal 2021. There were $1.64B in debt and $3.53B in liabilities at the time. Its Book Value Per Share was $25.50, while its Total Shareholder’s Equity was $11.99B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 2.94.

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