News stories about Cognizant Technology Solutions (NASDAQ:CTSH) have been trending positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog 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 Technology Solutions earned a daily sentiment score of 0.27 on Accern’s scale. Accern also gave news headlines about the information technology service provider an impact score of 45.7190564818135 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern’s scoring:
- Cognizant Technology Solutions (CTSH) Coverage Initiated at Sanford C. Bernstein (americanbankingnews.com)
- Thinking about buying stock in BlackBerry Ltd, Cognizant Technology Solutions, Netflix, Twitter or Walgreens Boots Alliance? (prnewswire.com)
- India tax department freezes certain Cognizant bank accounts: report (finance.yahoo.com)
- Income Tax department freezes certain Cognizant bank accounts: report (finance.yahoo.com)
- Cognizant Technology Solutions Corp (CTSH) Short Interest Update (americanbankingnews.com)
CTSH has been the subject of a number of recent research reports. BidaskClub downgraded Cognizant Technology Solutions from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Zacks Investment Research upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Tuesday, January 2nd. Morgan Stanley boosted their target price on Cognizant Technology Solutions from $77.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Monday, February 5th. Citigroup upgraded Cognizant Technology Solutions 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. Finally, BMO Capital Markets restated a “buy” rating and set a $78.00 target price on shares of Cognizant Technology Solutions in a research report on Tuesday, December 5th. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $84.22.
Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, February 7th. The information technology service provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.88 by $0.15. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Cognizant Technology Solutions had a return on equity of 19.94% and a net margin of 10.15%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 earnings per share. equities analysts predict that Cognizant Technology Solutions will post 4.21 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Thursday, February 22nd were paid a $0.20 dividend. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, February 21st. This represents a $0.80 annualized dividend and a yield of 1.00%. Cognizant Technology Solutions’s dividend payout ratio is currently 31.62%.
In other news, CFO Karen Mcloughlin sold 12,500 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $75.37, for a total transaction of $942,125.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction, the chief executive officer now owns 541,667 shares in the company, valued at approximately $40,105,024.68. The disclosure for this sale can be found here. Insiders sold 633,665 shares of company stock worth $48,476,081 in the last 90 days. Corporate insiders own 1.08% of the company’s stock.
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Cognizant Technology Solutions 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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