For market timers, it's also important to take measure of the relative level of recent lift or pressure in the stock is it overbought or oversold?
Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) traded up 4.880% during trading on Tuesday, hitting $56.415. The information technology service provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.01. Cognizant Technology Solutions Corporation (CTSH) has made its way to a 12-month gain of 7.87%.
Revenue: Revenues of $3.462 billion missed the Zacks Consensus Estimate of $3.491 billion. According to Finviz reported data, the stock now has Earnings per Share (EPS) (ttm) of $2.1. Cognizant Technology Solutions Corporation's revenue was up 7.1% compared to the same quarter previous year.
The company's consensus rating on Reuter's scale has slipped from 2.06 to 2.06 during a month. BMO Capital Markets restated a "buy" rating and set a $60.00 price target on shares of Cognizant Technology Solutions Corporation in a research note on Thursday.
Cognizant Technology Solutions Corp (NASDAQ:CTSH) now has a PEG ratio of 1.90 where as its P/E ratio is 22.08. The mean PT for this stock is at $19.90 while the max. level suggested by the brokerage firms is $22.00 and min. PT is $16.00.
"As of the end of Q3, we had repurchased 48.8 million shares for a total cost of $2 billion under our stock repurchase authorisation of $3 billion, " said the company, during the analyst call.
CTSH has received different ratings from analysts, according to FactSet. Cognizant Technology Solutions Corporation got Downgrade on 31-Jan-17 where investment firm Morgan Stanley Downgrade the stock from Overweight to Equal-Weight. The shares were sold at an average price of $58.16, for a total transaction of $108,933.68. The Stock now has a Weekly Volatility of 2.80% and Monthly Volatility of 2.08%. "The company introduced the official shareholder value enhancement plan, which was created in conjunction with activist investor Elliott Management". The disclosure for this sale can be found here. The company's last traded volume of 7.61 million shares as compared to it's an average volume of 6.41 million shares. Cognizant Technology Solutions Corp (NASDAQ:CTSH) has a Return on Assets of 11.90%. SRB Corp bought a new position in shares of Cognizant Technology Solutions Corporation during the third quarter valued at $136,000.
Cognizant expects adjusted profit for the first quarter to be at least 83 cents below estimates of 86 cents. Tracking most recent quarter period, Price to book (P/B) ration is at 3.17 and Price to cash per share ration is at 6.71.
A number of hedge funds have recently bought and sold shares of CTSH. CTSH President - Digital Business Kandiah Gajakarnan Vibushanan also sold 3,047 shares, at a stock price of $56.55. 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 company has a market capitalization of $35.29 billion, a P/E ratio of 22.72 and a beta of 1.28.
Cognizant Technology Solutions Corporation's (CTSH) stock price distance from twenty day simple moving average slumped at -3.04% while its distance from fifty day simple moving average declined -3.52% along with -4.88% below distance from two hundred simple moving averages.