Press coverage about Cognizant Technology Solutions Corp (NASDAQ:CTSH) has trended somewhat positive this week, AlphaOne Sentiment reports. AlphaOne, a subsidiary of Accern, identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cognizant Technology Solutions Corp earned a media sentiment score of 0.22 on AlphaOne’s scale. AlphaOne also assigned news articles about the information technology service provider an impact score of 91 out of 100, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have impacted AlphaOne Sentiment’s scoring:
Several equities research analysts have recently issued reports on the stock. Vetr raised shares of Cognizant Technology Solutions Corp from a “buy” rating to a “strong-buy” rating and set a $67.50 price objective for the company in a research report on Friday. SunTrust Banks, Inc. raised shares of Cognizant Technology Solutions Corp from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Thursday. Berenberg Bank started coverage on shares of Cognizant Technology Solutions Corp in a report on Wednesday, March 29th. They set a “hold” rating and a $65.00 price target for the company. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $60.00 price target (down from $68.00) on shares of Cognizant Technology Solutions Corp in a report on Thursday, February 9th. Finally, Pacific Crest set a $65.00 price target on shares of Cognizant Technology Solutions Corp and gave the company a “buy” rating in a report on Wednesday, January 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $62.47.
Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded down 0.53% on Friday, hitting $58.35. 3,872,285 shares of the stock were exchanged. The stock has a market cap of $35.51 billion, a PE ratio of 22.88 and a beta of 1.28. The company’s 50 day moving average is $58.89 and its 200 day moving average is $55.60. Cognizant Technology Solutions Corp has a 1-year low of $45.44 and a 1-year high of $63.23.
Cognizant Technology Solutions Corp (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, February 8th. The information technology service provider reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.01. Cognizant Technology Solutions Corp had a net margin of 11.52% and a return on equity of 18.83%. The business earned $3.46 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same period in the previous year, the company earned $0.80 earnings per share. Cognizant Technology Solutions Corp’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities research analysts expect that Cognizant Technology Solutions Corp will post $3.65 earnings per share for the current year.
In related news, EVP Venkat Krishnaswamy sold 9,243 shares of the business’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $59.21, for a total transaction of $547,278.03. Following the transaction, the executive vice president now owns 28,410 shares of the company’s stock, valued at $1,682,156.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Allen Shaheen sold 2,305 shares of the business’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $59.86, for a total transaction of $137,977.30. The disclosure for this sale can be found here. Insiders sold 16,548 shares of company stock valued at $979,255 over the last 90 days. 0.81% of the stock is owned by corporate insiders.
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Cognizant Technology Solutions Corp 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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