Its last month's stock price volatility remained 7.65% which for the week approaches 4.79%.
CTSH has been the topic of a number of recent analyst reports. Wedbush upgraded Cognizant Technology Solutions Corp from a neutral rating to an outperform rating and increased their target price for the company from $65.00 to $70.00 in a research note on Friday, January 6th. Loop Capital initiated coverage on Cognizant Technology Solutions Corp in a research report on Tuesday, January 10th. Srb holds 3,228 shares or 0.03% of its portfolio.
02/06/2017 - Cognizant Technology Solutions Corporation had its " rating reiterated by analysts at BMO Capital Markets. The stock closing price is now trading upward to its 50 day moving average with change of 8.60%, escalated to its 20 day moving average with figure of 5.42% and above its 200 day moving average with value 15.14%. About shares traded. Cognizant Technology Solutions Corp (NASDAQ:CTSH) has risen 6.00% since April 19, 2017 and is uptrending.
Other hedge funds also recently made changes to their positions in the company. Robeco Institutional Asset Mgmt Bv holds 0% in Cognizant Technology Solutions Corp (NASDAQ:CTSH) or 9,715 shares. The company has market cap of $2.60 billion.
Cognizant Technology Solutions Corporation has a 50 day moving average of 60.51 and a 200 day moving average of 57.43. Ten analysts have provided estimates for Cognizant Technology Solutions Corp's earnings. As concerns shares volumes, in share Capital Company has 209.16 million outstanding shares among them 207.96 million shares have been floated in market exchange. This represents an increase of 798% compared to the average daily volume of 2,310 call options. Investors may also be paying close concentration to some simple moving average indicators on shares of Cognizant Technology Solutions Corporation (CTSH). The information technology service provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.09.
04/13/2017 - Cognizant Technology Solutions Corporation was upgraded to " by analysts at SunTrust. For the current year the company's revenue estimates are $14.74 Billion compared to low analyst estimates of $14.36 Billion and high estimates of $14.96 Billion according to 32 number of analysts. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. Cognizant Technology Solutions Corp has a 1-year low of $45.44 and a 1-year high of $65.38.
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The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Tuesday, May 23rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 18th. This represents a $0.60 annualized dividend and a yield of 0.93%. The shares were sold at an average price of $62.50, for a total value of $750,000.00. Over the last ninety days, insiders sold 30,472 shares of company stock valued at $1,844,679.
In related news, COO Srinivasan Veeraraghavachary sold 12,000 shares of the firm's stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $60.00, for a total transaction of $113,400.00. Following the completion of the sale, the insider now owns 2,108 shares of the company's stock, valued at $137,020. The disclosure for this sale can be found here.
According to analysts Cognizant Tech Sol (NASDAQ:CTSH)'s minimum EPS for the current quarter is at $0.89 and can go high up to $0.92.
American Tower Corporation (AMT) surprised the stock market in its last reported earnings when it earned $0.67 a piece versus the consensus-estimated $0.66. State Street Corp boosted its position in shares of Cognizant Technology Solutions Corp by 3.7% in the fourth quarter. The stock hit its 52-week high on 05/18/17, and 52-week low on 09/30/16. State Street Corp now owns 24,267,262 shares of the information technology service provider's stock worth $1,444,391,000 after buying an additional 435,142 shares during the last quarter. The Willingdon Wealth Management holds 353,442 shares with $5.83M value, up from 234,793 last quarter. Nordea Investment Management AB boosted its position in shares of Cognizant Technology Solutions Corp by 28.7% in the third quarter. Edgewood Management LLC now owns 14,149,600 shares of the information technology service provider's stock worth $792,802,000 after buying an additional 2,860,888 shares during the period.
Cognizant Technology Solutions Corporation is a professional services company. The Company, through its principal bank subsidiary, BancorpSouth Bank, conducts commercial banking and financial services activities in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and IL.