Cognizant Technology Solutions Corporation's (CTSH) stock price is Currently Worth at $52.76; How much it may
10 February, 2017, 01:40
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) posted earnings of $0.86/Share in the previous quarter, as compared to earnings of $0.84/share estimated by analysts.
Intel Corporation (INTC) have shown a high EPS growth of -2.40% in the last 5 years and has earnings decline of -9.30% yoy.
Revenue: Revenues of $3.462 billion missed the Zacks Consensus Estimate of $3.491 billion.
As such, the analyst reiterates an Overweight rating on CTSH with a $67 price target, which represents a just under 19% increase from where the stock is now trading. The National Association of Software and Services Companies has cut the industry's growth target for fiscal 2017 to 8-10% from 10-12% earlier, as the industry also grapples with the growing threat of protectionism in its biggest market in America. The company's stock has grown by 19.72 percent in the past 5 years. The average analysts gave this company a mean recommendation of 2.30. The High end of the forecast is $0.89/share, while the Low end is $0.81/share. Revenue for the fourth quarter of 2016 rose 7.1% to $3.46 billion compared to $3.23 billion in the corresponding quarter a year ago. The company will add 3 new directors to its staff and return a sum of 3.4 billion dollars to all the shareholders.
The company expects to start the repurchase of $1.5 billion worth of shares in the first quarter, initiate a cash dividend of 15 cents per share in the second quarter and repurchase $1.2 billion worth of shares during 2017 and 2018. The Median price target for the stock is set at $65.00.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH), stock is trading $63.23 above the 52-week high and has displayed a high EPS growth of 17.40% in last 5 years. The market capitalization arrived at market cap 34.22 billion.
Ultimately, "We believe the company will be able to continue to capture revenue from clients looking for low-priced alternatives and those looking for transformational engagements centered around Digital technologies". The company's price sits 1.18% above from its 50-day moving average of $55.84 and -0.12% below from the stock's 200-day moving average of $55.02. The stock hit its 52-Week High on May 20, 2016 and 52-Week Low on Sep 30, 2016. Insiders have sold 57,466 shares of company stock worth $3,201,816 over the last three months. While take a short look on price to sales ratio, that was 2.58 and price to earnings ratio of 22.08 attracting passive investors. Deutsche Bank AG restated a buy rating on shares of Cognizant Technology Solutions Corporation in a report on Tuesday, November 29th. Relative Strength Index (RSI) of the company is 56.29. The consensus analyst PT for this stock has now been moved to $71.50. (NYSE:SEAS) as "STRONG BUY", 2 rated as "BUY" and 3 issued a "HOLD" rating.
CTSH has received different ratings from analysts, according to FactSet. Year-to-date (YTD) performance of the stock illustrate upbeat trend of 0.75%. Its last month's stock price volatility remained 2.08% which for the week approaches 1.9. In the option pits, near-term traders have been unusually call-skewed, with CTSH's Schaeffer's put/call open interest ratio (SOIR) of 0.46 sitting just 4 percentage points from an annual low. The Insider Ownership of the company now is 0.3 percent, and Institutional Ownership is 88.7 percent.
United States of America based company, Cognizant Technology Solutions Corporation's (CTSH)'s latest closing price distance was -0.12% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 1.18% and 2.01% compared with the 20 Day Moving Average. GAAP net income was $416 million, or $0.68 per diluted share, compared to $424 million, or $0.69 per diluted share, in the fourth quarter of 2015.
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