Cognizant Technology Solutions Corporation [NASDAQ: CTSH] gained 0.21% or 0.14 points to close at $67.75 with a heavy trading volume of 2719869 shares. The company report on July 20, 2021 that Cognizant Enhances its Smart Manufacturing Offerings with the Acquisition of TQS Integration.
New data intelligence capabilities deliver the most comprehensive solution for clients to embrace Industry 4.0.
Cognizant (Nasdaq: CTSH) announced it has agreed to acquire TQS Integration, a privately owned global industrial data and intelligence company based in Lismore, Ireland. TQS delivers manufacturing data intelligence, global technology consulting and digital systems integration to help manufacturers accelerate their digital transformations. Founded in 1998, TQS services clients in the life sciences, food and beverage, and energy and renewables industries.
It opened the trading session at $67.67, the shares rose to $68.00 and dropped to $67.265, the range by which the price of stock traded the whole day. The daily chart for CTSH points out that the company has recorded -17.29% loss over the past six months. However, it is still -10.56% lower than its most recent low trading price.
If we look at the average trading volume of 3.97M shares, CTSH reached to a volume of 2719869 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Cognizant Technology Solutions Corporation [CTSH]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CTSH shares is $83.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CTSH stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
HSBC Securities have made an estimate for Cognizant Technology Solutions Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on February 05, 2021. The new note on the price target was released on February 04, 2021, representing the official price target for Cognizant Technology Solutions Corporation stock. Previously, the target price had yet another raise to $95, while Morgan Stanley analysts kept a Overweight rating on CTSH stock.
The Average True Range (ATR) for Cognizant Technology Solutions Corporation is set at 1.09, with the Price to Sales ratio for CTSH stock in the period of the last 12 months amounting to 2.14. The Price to Book ratio for the last quarter was 3.25, with the Price to Cash per share for the same quarter was set at 4.06. Price to Free Cash Flow for CTSH in the course of the last twelve months was 16.98 with Quick ratio for the last quarter at 2.10.
Trading performance analysis for CTSH stock
Cognizant Technology Solutions Corporation [CTSH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.14. With this latest performance, CTSH shares dropped by -2.69% in over the last four-week period, additionally sinking by -17.29% over the last 6 months – not to mention a rise of 9.95% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CTSH stock in for the last two-week period is set at 40.30, with the RSI for the last a single of trading hit 40.98, and the three-weeks RSI is set at 39.94 for Cognizant Technology Solutions Corporation [CTSH]. The present Moving Average for the last 50 days of trading for this stock 70.11, while it was recorded at 67.78 for the last single week of trading, and 75.48 for the last 200 days.
Cognizant Technology Solutions Corporation [CTSH]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Cognizant Technology Solutions Corporation [CTSH] shares currently have an operating margin of +13.97 and a Gross Margin at +32.58. Cognizant Technology Solutions Corporation’s Net Margin is presently recorded at +8.36.
Return on Total Capital for CTSH is now 18.35, given the latest momentum, and Return on Invested Capital for the company is 11.21. Return on Equity for this stock inclined to 12.74, with Return on Assets sitting at 8.40. When it comes to the capital structure of this company, Cognizant Technology Solutions Corporation [CTSH] has a Total Debt to Total Equity ratio set at 16.43. Additionally, CTSH Total Debt to Total Capital is recorded at 14.11, with Total Debt to Total Assets ending up at 10.52. Long-Term Debt to Equity for the company is recorded at 14.03, with the Long-Term Debt to Total Capital now at 12.05.
Reflecting on the efficiency of the workforce at the company, Cognizant Technology Solutions Corporation [CTSH] managed to generate an average of $4,808 per employee. Receivables Turnover for the company is 4.74 with a Total Asset Turnover recorded at a value of 1.01.Cognizant Technology Solutions Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.10.
Cognizant Technology Solutions Corporation [CTSH]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CTSH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cognizant Technology Solutions Corporation go to 11.92%.
An analysis of insider ownership at Cognizant Technology Solutions Corporation [CTSH]
There are presently around $32,787 million, or 93.60% of CTSH stock, in the hands of institutional investors. The top three institutional holders of CTSH stocks are: BLACKROCK INC. with ownership of 50,063,539, which is approximately -1.928% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 41,550,367 shares of the stock with an approximate value of $2.82 billion in CTSH stocks shares; and BANK OF NEW YORK MELLON CORP, currently with $1.53 billion in CTSH stock with ownership of nearly -0.741% of the company’s market capitalization.
Positions in Cognizant Technology Solutions Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 428 institutional holders increased their position in Cognizant Technology Solutions Corporation [NASDAQ:CTSH] by around 28,882,916 shares. Additionally, 434 investors decreased positions by around 24,246,764 shares, while 122 investors held positions by with 430,804,212 shares. The mentioned changes placed institutional holdings at 483,933,892 shares, according to the latest SEC report filing. CTSH stock had 95 new institutional investments in for a total of 2,334,647 shares, while 90 institutional investors sold positions of 3,859,642 shares during the same period.