Media coverage about Cognizant Technology Solutions (NASDAQ:CTSH) has been trending somewhat positive recently, Accern reports. Accern rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cognizant Technology Solutions earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave news coverage about the information technology service provider an impact score of 45.6166368572356 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Zacks.com featured highlights include: Platform Specialty, Xylem, Cognizant Technology, Huntington Ingalls and Applied Materials (finance.yahoo.com)
- Insider Selling: Cognizant Technology Solutions Corp (CTSH) CFO Sells 1,791 Shares of Stock (americanbankingnews.com)
- Cognizant Technology Solutions Corp (CTSH) Director John Nelson Fox, Jr. Sells 5,560 Shares (americanbankingnews.com)
- James Patrick Lennox Sells 959 Shares of Cognizant Technology Solutions Corp (CTSH) Stock (americanbankingnews.com)
- Glancy Prongay & Murray LLP Commences Investigation on Behalf of Cognizant Technology Solutions Corporation Investors (CTSH) (finance.yahoo.com)
Shares of CTSH stock traded down $0.96 during midday trading on Wednesday, reaching $83.35. 3,632,972 shares of the company’s stock were exchanged, compared to its average volume of 3,750,185. Cognizant Technology Solutions has a twelve month low of $57.50 and a twelve month high of $85.10. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.21 and a quick ratio of 3.21. The company has a market capitalization of $49,284.55, a PE ratio of 32.94, a P/E/G ratio of 1.58 and a beta of 1.02.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Wednesday, February 21st. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. Cognizant Technology Solutions’s dividend payout ratio is 31.62%.
CTSH has been the topic of a number of recent analyst reports. Vetr upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “strong-buy” rating and set a $95.56 price target on the stock in a research report on Wednesday, November 29th. BidaskClub lowered shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. BMO Capital Markets reiterated a “buy” rating and issued a $78.00 price objective on shares of Cognizant Technology Solutions in a research note on Tuesday, December 5th. Zacks Investment Research upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Tuesday, January 2nd. Finally, Barclays restated a “buy” rating and set a $86.00 price target on shares of Cognizant Technology Solutions in a research note on Friday, January 5th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and three have issued a strong buy rating to the company’s stock. Cognizant Technology Solutions currently has an average rating of “Buy” and a consensus target price of $85.43.
In related news, CEO Francisco Dsouza sold 240,000 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $74.04, for a total value of $17,769,600.00. Following the completion of the sale, the chief executive officer now owns 541,667 shares of the company’s stock, valued at $40,105,024.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Rajeev Mehta sold 108,217 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $77.32, for a total value of $8,367,338.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 633,665 shares of company stock valued at $48,476,081. Insiders own 1.08% of the company’s stock.
About Cognizant Technology Solutions
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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