After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Cognizant Has Awarded $70 Million to Advance Globally Diverse Communities.
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Stocks Info
This NASDAQ-listed company operates within the Information Technology Services industry segment, falling under the Technology sector. The current market capitalization of Cognizant Technology Solutions Corp. is $35.13B. A total of 3.8 million shares were traded on the day, compared to an average of 4.62M 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 income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Cognizant Technology Solutions Corp. pays an annual dividend of $1.17, resulting in a dividend yield of 1.66%, and it has a price to earnings (P/E) ratio of 16.78. 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.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important 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
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $26.56, 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 3.19.
