News articles about Cognizant Technology Solutions (NASDAQ:CTSH) have trended somewhat positive on Wednesday, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cognizant Technology Solutions earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news coverage about the information technology service provider an impact score of 45.6166368572356 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Insider Selling: Cognizant Technology Solutions Corp (CTSH) Insider Sells 1,519 Shares of Stock (americanbankingnews.com)
- Is The Stock Overvalued? (P/E Analysis) – Cognizant Technology Solutions Corporation, (NASDAQ: CTSH) – ExpressNewsline (expressnewsline.com)
- Cognizant To Acquire Privately-held Bolder Healthcare – Quick Facts (markets.businessinsider.com)
- Tech Stocks Stage Stunning Recovery: 5 Nasdaq 100 Picks – Nasdaq (nasdaq.com)
- Cognizant To Acquire Privately-held Bolder Healthcare – Quick Facts – Nasdaq (nasdaq.com)
Cognizant Technology Solutions (NASDAQ:CTSH) traded down $0.16 during mid-day trading on Wednesday, hitting $83.63. The stock had a trading volume of 2,255,218 shares, compared to its average volume of 4,020,000. Cognizant Technology Solutions has a 52-week low of $57.50 and a 52-week high of $84.99. The company has a quick ratio of 3.21, a current ratio of 3.21 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $49,180.00, a PE ratio of 23.49, a P/E/G ratio of 1.58 and a beta of 1.02.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Thursday, February 22nd were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.80 annualized dividend and a dividend yield of 0.96%. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. Cognizant Technology Solutions’s payout ratio is currently 22.47%.
CTSH has been the topic of several research reports. BidaskClub lowered Cognizant Technology Solutions from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Zacks Investment Research upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research report on Tuesday, January 2nd. Morgan Stanley lifted their price target on Cognizant Technology Solutions from $77.00 to $84.00 and gave the company an “equal weight” rating in a research report on Monday, February 5th. Citigroup upgraded Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the company from $75.84 to $79.00 in a research report on Thursday, January 18th. Finally, BMO Capital Markets restated a “buy” rating and set a $78.00 price target on shares of Cognizant Technology Solutions in a research report on Tuesday, December 5th. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and three have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $85.43.
In other news, insider Sumithra Gomatam sold 1,060 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $80.50, for a total value of $85,330.00. Following the completion of the transaction, the insider now owns 8,189 shares in the company, valued at $659,214.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gajakarnan Vibushanan Kandiah sold 1,519 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $84.62, for a total value of $128,537.78. Following the sale, the insider now owns 10,584 shares of the company’s stock, valued at approximately $895,618.08. The disclosure for this sale can be found here. Insiders sold 628,355 shares of company stock valued at $47,995,078 in the last 90 days. Company insiders own 1.08% of the company’s stock.
Cognizant Technology Solutions Company Profile
Cognizant Technology Solutions Corporation is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Financial Services segment includes customers providing banking/transaction processing, capital markets and insurance services.
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