Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has a beta value of 1.06 and has seen 0.8 million shares traded in the recent trading session. The company, currently valued at $30.19B, closed the recent trade at $59.91 per share which meant it gained $0.68 on the day or 1.15% during that session. The CTSH stock price is -56.02% off its 52-week high price of $93.47 and 14.32% above the 52-week low of $51.33. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.63 million shares traded. The 3-month trading volume is 3.67 million shares.
The consensus among analysts is that Cognizant Technology Solutions Corporation (CTSH) is a Hold stock at the moment, with a recommendation rating of 2.80. 2 analysts rate the stock as a Sell, while 2 rate it as Overweight. 20 out of 27 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $1.16.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) trade information
Sporting 1.15% in the green today, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 11/22/22 when the CTSH stock price touched $59.91 or saw a rise of 1.02%. Year-to-date, Cognizant Technology Solutions Corporation shares have moved -33.24%, while the 5-day performance has seen it change -1.22%. Over the past 30 days, the shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) have changed -2.52%. Short interest in the company has seen 8.28 million shares shorted with days to cover at 2.21.
Wall Street analysts have a consensus price target for the stock at $64.40, which means that the shares’ value could jump 6.97% from the levels at last check today. The projected low price target is $45.00 while the price target rests at a high of $93.00. In that case, then, we find that the latest price level in today’s session is -55.23% off the targeted high while a plunge would see the stock lose 24.89% from the levels at last check today.
Cognizant Technology Solutions Corporation (CTSH) estimates and forecasts
Figures show that Cognizant Technology Solutions Corporation shares have outperformed across the wider relevant industry. The company’s shares have lost -17.04% over the past 6 months, with this year growth rate of 8.25%, compared to 5.90% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 9.40% and 5.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 7.10%.
16 analysts offering their estimates for the company have set an average revenue estimate of $5 billion for the current quarter. 16 have an estimated revenue figure of $5.04 billion for the next quarter concluding in Dec 2022. Year-ago sales stood $4.72 billion and $4.78 billion respectively for this quarter and the next, and analysts expect sales will grow by 5.90% for the current quarter and 5.60% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 9.70% over the past 5 years. Earnings growth for 2022 is a modest 57.30% while over the next 5 years, the company’s earnings are expected to increase by 5.44%.
Cognizant Technology Solutions Corporation is expected to release its next earnings report between January 31 and February 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.08 at a share yield of 1.82%. The company’s dividend yield has gone up over the past 12 months.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH)’s Major holders
Insiders own 0.20% of the company shares, while shares held by institutions stand at 92.93% with a share float percentage of 93.11%. Investors are also buoyed by the number of investors in a company, with Cognizant Technology Solutions Corporation having a total of 1,329 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 49.11 million shares worth more than $3.31 billion. As of Jun 29, 2022, Blackrock Inc. held 9.48% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 43.24 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $2.92 billion and represent 8.35% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund. As of Sep 29, 2022, the former fund manager holds about 3.13% shares in the company for having 16.2 million shares of worth $930.41 million while later fund manager owns 15.34 million shares of worth $1.04 billion as of Jun 29, 2022, which makes it owner of about 2.96% of company’s outstanding stock.