In last trading session, Cognizant Technology Solutions Corp. (NASDAQ:CTSH) saw 5.79 million shares changing hands with its beta currently measuring 1.06. Company’s recent per share price level of $71.90 trading at -$0.68 or -0.94% at ring of the bell on the day assigns it a market valuation of $35.79B. That closing price of CTSH’s stock is at a discount of -11.39% from its 52-week high price of $80.09 and is indicating a premium of 20.39% from its 52-week low price of $57.24. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.85 million shares which gives us an average trading volume of 4.13 million if we extend that period to 3-months.
Cognizant Technology Solutions Corp. (NASDAQ:CTSH) trade information
Upright in the red during last session for losing -0.94%, in the last five days CTSH remained trading in the red while hitting it’s week-highest on Monday, 03/18/24 when the stock touched $71.90 price level, adding 5.48% to its value on the day. Cognizant Technology Solutions Corp.’s shares saw a change of -4.81% in year-to-date performance and have moved -4.55% in past 5-day. Cognizant Technology Solutions Corp. (NASDAQ:CTSH) showed a performance of -9.51% in past 30-days. Number of shares sold short was 9.47 million shares which calculate 2.48 days to cover the short interests.
Cognizant Technology Solutions Corp. (CTSH) estimates and forecasts
Statistics highlight that Cognizant Technology Solutions Corp. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 3.89% of value to its shares in past 6 months, showing an annual growth rate of 1.10% while that of industry is 20.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -0.90% in the current quarter and calculating 0.90% increase in the next quarter. This year revenue growth is estimated to rise 0.60% from the last financial year’s standing.
17 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $4.72 billion for the same. And 17 analysts are in estimates of company making revenue of $4.83 billion in the next quarter that will end on Jun 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 3.19% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 0.87% while estimates for its earnings growth in next 5 years are of 6.66%.
CTSH Dividends
Cognizant Technology Solutions Corp. is more likely to be releasing its next quarterly report between May 01 and May 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Cognizant Technology Solutions Corp. (NASDAQ:CTSH)’s Major holders
Insiders are in possession of 0.17% of company’s total shares while institution are holding 98.04 percent of that, with stock having share float percentage of 98.21%. Investors also watch the number of corporate investors in a company very closely, which is 98.04% institutions for Cognizant Technology Solutions Corp. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at CTSH for having 55.69 million shares of worth $4.0 billion. And as of Dec 30, 2023, it was holding 11.19% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 51.11 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 10.27% of outstanding shares, having a total worth of $3.67 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Dodge & Cox Stock Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 15.72 million shares of worth $1.13 billion or 3.16% of the total outstanding shares. The later fund manager was in possession of 14.44 million shares on Dec 30, 2023, making its stake of worth around $1.04 billion in the company or a holder of 2.90% of company’s stock.
