Cognizant Technology Solutions Corp. (CTSH) Is Not Likely To Be The Same Tomorrow

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. Recently, Yahoo Finance discussed the stock, revealing that Cognizant signs a large, global infrastructure agreement with McCormick & Company, Inc..

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Stocks Info

Cognizant Technology Solutions Corp. 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 $71.61 and fluctuated between $72.81 as its day high and $71.31 as its day low. The current market capitalization of Cognizant Technology Solutions Corp. is $35.65B. A total of 3.66 million shares were traded on the day, compared to an average of 4.50M shares.

In the most recent transaction, Diaz Kathryn sold 900 shares of CTSH for 77.06 per share on Mar 12 ’24. After the transaction, the EVP, Chief People Officer now owns 8,312 company shares. In a previous transaction on Feb 21 ’24, Patsalos-Fox Michael sold 10,000 shares at 76.73 per share. CTSH shares that Director owns now total 54,695.

Among the insiders who sold shares, Patsalos-Fox Michael disposed of 6,926 shares on Jun 12 ’23 at a per-share price of $62.79. This resulted in the Director holding 64,695 shares of CTSH after the transaction. In another insider transaction, Mackay Leo S. Jr. sold 4,473 shares at $61.99 per share on Jun 09 ’23. Company shares held by the Director now total 26,671.

Dividend

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 Corp. pays an annual dividend of $1.17, resulting in a dividend yield of 1.63%, and it has a price to earnings (P/E) ratio of 17.03. CTSH’s most recent ex-dividend date was 2/16/2024 when it declared a $0.30 quarterly dividend that was paid in cash on 2/28/2024. Previously, the company paid the dividend on 11/30/2023 with an ex-dividend date of 11/20/2023. The CTSH stock dividend was $0.29 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. In terms of 52-week highs and lows, CTSH has a high of $80.09 and a low of $58.09.

As of this writing, CTSH has an earnings estimate of $1.11 per share for the current quarter. EPS was calculated based on a consensus of 21 estimates, with a high estimate of $1.16 per share and a lower estimate of $1.06. The company reported an EPS of $1.16 in the last quarter, which was 6.40% higher than expectations of $1.09.

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, 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 3.20.

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