Societe Generale raised the price target for the Cognizant Technology Solutions Corporation (NASDAQ:CTSH) stock from “a Hold” to “a Buy”. The rating was released on July 29, 2021. We previously noted in another research note published on July 22, 2021 by HSBC Securities that upgraded the stock from a Hold to a Buy with a price target of $90 for CTSH stock. The research report from HSBC Securities has downgraded the stock from Buy to Hold, with a price target set at $80. In their research brief published January 29, 2021, Morgan Stanley analysts upgraded the Cognizant Technology Solutions Corporation stock from Equal-Weight to Overweight with a price target of $95.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) raised 0.84% to close Tuesday’s market session at $78.01, higher as compared to yesterday’s close. The stock price fluctuated between $76.8701 and $78.11 throughout the trading session with the volume trading being 3363324 shares, which represented a significant variation when compared to the three months average volume of 3.54 million shares. The firm’s stock price fluctuated 1.30% within the last five trades and 12.36% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 4.11% in the last 6 months and 9.87% was added to its value over the previous 3 months. CTSH stock is trading at a margin of 4.68%, 9.41% and 3.15% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, CTSH deals in the Technology domain. The stock is trading -5.71 percent below its 52-week high and 19.94 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 13.66. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Cognizant Technology Solutions Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 14.00 percent and the profit margin is 9.70 percent, and the company has reported a gross margin of 37.40 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $40.52 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is 24.75. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 17.51. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.33 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.67, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.10 percent of Cognizant Technology Solutions Corporation shares are owned by insiders, and 92.70 percent are held by financial institutions. Schmitt Becky, the EVP and Chief People Officer at Cognizant Technology Solutions Corporation (CTSH) has sold 2,888 shares of firm on Jul 01 at a price of $69.43 against the total amount of $0.2 million. In another inside trade, Schmitt Becky, EVP and Chief People Officer of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) sold 2,808 shares of the firm on Jun 14 for a total worth of $0.2 million at a price of $71.15. An inside trade which took place on Jun 08, SVP, Controller & CAO of Cognizant Technology Solutions Corporation Telesmanic Robert sold 200 shares of firm against total price of $14303.0 at the cost of $71.51 per share.