In yesterday’s Wall Street session, Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares traded at $80.77, down -1.88% from the previous session.
CTSH stock price is now 5.14% away from the 50-day moving average and 10.26% away from the 200-day moving average. The market capitalization of the company currently stands at $40.05B.
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On August 07, 2024, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Neutral’ on the stock increasing its target price from $73 to quote $75, while ‘Goldman’ rates the stock as ‘Neutral’
In other news, Singisetti Ravi Kumar, Chief Executive Officer sold 6,728 shares of the company’s stock on Aug 06 ’24. The stock was sold for $495,584 at an average price of $73.66. Upon completion of the transaction, the Chief Executive Officer now directly owns 46,427 shares in the company, valued at $3.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 06 ’24, Officer Singisetti Ravi Kumar bought 6,728 shares of the business’s stock. A total of $495,557 was incurred on buying the stock at an average price of $73.66. A total of 0.21% of the company’s stock is owned by insiders.
During the past 12 months, Cognizant Technology Solutions Corp has had a low of $63.79 and a high of $82.41. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 2.23, and a quick ratio of 2.23. According to the stock market information, the enterprise value for the company is $39885725696, which is based on a 17.87 price-to-earnings ratio, a 2.68 price-to-earnings-growth ratio, and a beta of 1.06. The fifty day moving average price for CTSH is $76.8228 and a two-hundred day moving average price translates $73.25595 for the stock.
The latest earnings results from Cognizant Technology Solutions Corp (NASDAQ: CTSH) was released for 2024-09-30. The net profit margin was 11.60% and return on equity was 16.48% for CTSH. The company reported revenue of $5.04 billion for the quarter, compared to $4.9 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.0 percent.
