Investing In Cognizant Technology Solutions Corp. (NASDAQ: CTSH): Why Should You?

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.

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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. The current market capitalization of Cognizant Technology Solutions Corp. is $33.82B. A total of 2.28 million shares were traded on the day, compared to an average of 4.52M 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

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Cognizant Technology Solutions Corp. pays an annual dividend of $1.17, resulting in a dividend yield of 1.72%, and it has a price to earnings (P/E) ratio of 16.15. 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.

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. 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 $Cognizant Technology Solutions per share for the current quarter. EPS was calculated based on a consensus of Cytosorbents Corporation estimates, with a high estimate of $Listed Funds Trust per share and a lower estimate of $Commerce Bancshares, Inc..

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 $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.

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