Cognizant Technology Solutions Corporation [CTSH] fell -32.08% so far this year. What now?

Cognizant Technology Solutions Corporation [NASDAQ: CTSH] stock went on a downward path that fall over -3.63% on Wednesday, amounting to a one-week price decrease of less than -2.25%. The company report on November 2, 2022 that COGNIZANT REPORTS THIRD QUARTER 2022 RESULTS.


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Revenue of $4.9 billion grew 2.4% year-over-year, or 5.6% in constant currency1.

Operating Margin and Adjusted Operating Margin of 16.4%, an increase of 100 and 60 basis points year-over-year, respectively.

Over the last 12 months, CTSH stock dropped by -23.35%. The one-year Cognizant Technology Solutions Corporation stock forecast points to a potential upside of 18.07. The average equity rating for CTSH stock is currently 2.50, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $30.61 billion, with 520.00 million shares outstanding and 516.76 million shares in the current float. Compared to the average trading volume of 3.15M shares, CTSH stock reached a trading volume of 3985078 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $73.55 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 2.50. 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.

BofA Securities have made an estimate for Cognizant Technology Solutions Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 21, 2022. While these analysts kept the previous recommendation, HSBC Securities dropped their target price from $90 to $79. The new note on the price target was released on August 17, 2022, representing the official price target for Cognizant Technology Solutions Corporation stock. Previously, the target price had yet another drop from $82 to $77, while JP Morgan kept a Neutral rating on CTSH stock. On January 21, 2022, analysts increased their price target for CTSH shares from 58.50 to 89.

The Average True Range (ATR) for Cognizant Technology Solutions Corporation is set at 1.51, with the Price to Sales ratio for CTSH stock in the period of the last 12 months amounting to 1.59. The Price to Book ratio for the last quarter was 2.62, with the Price to Cash per share for the same quarter was set at 4.57. Price to Free Cash Flow for CTSH in the course of the last twelve months was 17.10 with Quick ratio for the last quarter at 2.20.

CTSH Stock Performance Analysis:

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 -2.25. With this latest performance, CTSH shares dropped by -0.66% in over the last four-week period, additionally sinking by -28.57% over the last 6 months – not to mention a drop of -23.35% 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 47.12, with the RSI for the last a single of trading hit 45.20, and the three-weeks RSI is set at 46.68 for Cognizant Technology Solutions Corporation [CTSH]. The present Moving Average for the last 50 days of trading for this stock 61.29, while it was recorded at 61.98 for the last single week of trading, and 73.98 for the last 200 days.

Insight into Cognizant Technology Solutions Corporation Fundamentals:

Cognizant Technology Solutions Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 2.20.

CTSH Stock EPS

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 10.04%.

Cognizant Technology Solutions Corporation [CTSH] Insider Position Details

There are presently around $28,477 million, or 93.10% of CTSH stock, in the hands of institutional investors. The top three institutional holders of CTSH stocks are: BLACKROCK INC. with ownership of 49,107,367, which is approximately 7.566% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 43,239,423 shares of the stock with an approximate value of $2.61 billion in CTSH stocks shares; and DODGE & COX, currently with $1.66 billion in CTSH stock with ownership of nearly -4.647% of the company’s market capitalization.

Positions in Cognizant Technology Solutions Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 442 institutional holders increased their position in Cognizant Technology Solutions Corporation [NASDAQ:CTSH] by around 28,142,800 shares. Additionally, 438 investors decreased positions by around 35,300,219 shares, while 133 investors held positions by with 409,122,563 shares. The mentioned changes placed institutional holdings at 472,565,582 shares, according to the latest SEC report filing. CTSH stock had 84 new institutional investments in for a total of 2,322,230 shares, while 113 institutional investors sold positions of 1,613,408 shares during the same period.

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