Cognizant Technology Solutions Corp. (NASDAQ:CTSH) has a beta value of 1.07 and has seen 7.62 million shares traded in the last trading session. The company, currently valued at $37.16B, closed the last trade at $74.65 per share which meant it lost -$0.44 on the day or -0.59% during that session. The CTSH stock price is -7.29% off its 52-week high price of $80.09 and 23.32% above the 52-week low of $57.24. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.29 million shares traded. The 3-month trading volume is 3.96 million shares.
Cognizant Technology Solutions Corp. (NASDAQ:CTSH) trade information
Sporting -0.59% in the red in last session, the stock has traded in the red over the last five days, when the CTSH stock price touched $74.65 or saw a rise of 3.52%. Year-to-date, Cognizant Technology Solutions Corp. shares have moved -1.17%, while the 5-day performance has seen it change -3.17%. Over the past 30 days, the shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) have changed -3.05%. Short interest in the company has seen 9.47 million shares shorted with days to cover at 2.48.
Cognizant Technology Solutions Corp. (CTSH) estimates and forecasts
Figures show that Cognizant Technology Solutions Corp. shares have underperformed across the wider relevant industry. The company’s shares have gained 6.31% over the past 6 months, with this year growth rate of 1.10%, compared to 20.10% for the industry. Revenue growth from the last financial year stood is estimated to be 0.60%.
16 analysts offering their estimates for the company have set an average revenue estimate of $4.72 billion for the current quarter. 16 have an estimated revenue figure of $4.83 billion for the next quarter concluding in Jun 2024.
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 3.19% over the past 5 years. Earnings growth for 2024 is a modest 0.87% while over the next 5 years, the company’s earnings are expected to increase by 6.66%.
CTSH Dividends
Cognizant Technology Solutions Corp. is expected to release its next earnings report between May 01 and May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.17 at a share yield of 1.57%. The company’s dividend yield has gone up over the past 12 months.
Cognizant Technology Solutions Corp. (NASDAQ:CTSH)’s Major holders
Insiders own 0.16% of the company shares, while shares held by institutions stand at 98.05% with a share float percentage of 98.21%. Investors are also buoyed by the number of investors in a company, with Cognizant Technology Solutions Corp. having a total of 1,379 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 60.1 million shares worth more than $3.92 billion. As of Jun 29, 2023, Blackrock Inc. held 11.90% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 44.02 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $2.87 billion and represent 8.72% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Dodge & Cox Stock Fund. As of Jun 29, 2023, the former fund manager holds about 3.13% shares in the company for having 15.81 million shares of worth $1.03 billion while later fund manager owns 14.36 million shares of worth $937.48 million as of Jun 29, 2023, which makes it owner of about 2.84% of company’s outstanding stock.
