Cognizant (CTSH) Earning Somewhat Positive News Coverage, Analysis Finds

Media coverage about Cognizant (NASDAQ:CTSH) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing 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 earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the information technology service provider an impact score of 47.3894624350032 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have impacted Accern’s rankings:

CTSH has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Cognizant from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. Nomura boosted their target price on shares of Cognizant from $71.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Citigroup upgraded shares of Cognizant from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $75.84 to $79.00 in a research report on Thursday, January 18th. Morgan Stanley boosted their target price on shares of Cognizant from $77.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Monday, February 5th. Finally, Loop Capital boosted their target price on shares of Cognizant to $90.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. Cognizant presently has a consensus rating of “Buy” and an average target price of $84.30.

Shares of Cognizant traded up $0.39, hitting $75.78, on Thursday, MarketBeat.com reports. The company’s stock had a trading volume of 3,605,372 shares, compared to its average volume of 3,680,335. Cognizant has a 52-week low of $75.39 and a 52-week high of $75.87. The company has a quick ratio of 3.64, a current ratio of 3.64 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $44.21 billion, a PE ratio of 21.47, a P/E/G ratio of 1.43 and a beta of 1.07.

Cognizant (NASDAQ:CTSH) last released its quarterly earnings data on Monday, May 7th. The information technology service provider reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. Cognizant had a net margin of 9.67% and a return on equity of 20.48%. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same period in the previous year, the firm earned $0.84 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. research analysts expect that Cognizant will post 4.18 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Tuesday, May 22nd will be given a $0.20 dividend. The ex-dividend date is Monday, May 21st. This represents a $0.80 annualized dividend and a dividend yield of 1.06%. Cognizant’s dividend payout ratio is presently 22.66%.

In related news, Director Maureen Breakiron-Evans sold 20,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $81.01, for a total value of $1,620,200.00. Following the completion of the transaction, the director now owns 20,255 shares of the company’s stock, valued at approximately $1,640,857.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Venkat Krishnaswamy sold 3,318 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $81.50, for a total transaction of $270,417.00. The disclosure for this sale can be found here. Insiders sold a total of 68,002 shares of company stock worth $5,590,685 over the last quarter. Insiders own 0.60% of the company’s stock.

About Cognizant

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers business, process, operations, and technology consulting services; application design and development, and systems integration services; application testing, consulting, and engineering services; and enterprise information management services.

Insider Buying and Selling by Quarter for Cognizant (NASDAQ:CTSH)

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