An Evaluation Of Cognizant Technology Solutions Corp. (NASDAQ: CTSH) Prospects

After Hours

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.

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Stocks Info

CTSH belongs to the Technology sector of the NASDAQ while operating in the Information Technology Services industry. The current market capitalization of Cognizant Technology Solutions Corp. is $33.67B. A total of 4.58 million shares were traded on the day, compared to an average of 4.55M 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

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Cognizant Technology Solutions Corp. pays an annual dividend of $1.17, resulting in a dividend yield of 1.73%, and it has a price to earnings (P/E) ratio of 16.27. CTSH’s most recent ex-dividend date was 5/17/2024 when it declared a $0.30 quarterly dividend that was paid in cash on 5/29/2024. Previously, the company paid the dividend on 2/28/2024 with an ex-dividend date of 2/16/2024. The CTSH stock dividend was $0.30 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, CTSH has a high of $80.09 and a low of $60.26.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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 $27.14, while its Total Shareholder’s Equity was $11.99B.

Analysts Opinion

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. 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 3.28.

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