Cognizant Technology Solutions Corp's fundamentals are relatively very healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 15 out of 481 in the Software & IT Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 88.04.In the medium term, the stock price is expected to trend down.Despite a weak stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Cognizant Technology Solutions Corp is 8.75, ranking 35 out of 481 in the Software & IT Services industry. Its financial status is robust, and its operating efficiency is average. Its latest quarterly revenue reached 5.33B, representing a year-over-year increase of 4.94%, while its net profit experienced a year-over-year increase of 18.68%.
Key Metrics
The current valuation score of Cognizant Technology Solutions Corp is 7.79, ranking 189 out of 481 in the Software & IT Services industry. Its current P/E ratio is 13.08, which is 53.50% below the recent high of 20.08 and 1.34% above the recent low of 12.91.
The current earnings forecast score of Cognizant Technology Solutions Corp is 7.13, ranking 298 out of 481 in the Software & IT Services industry. The average price target is 84.00, with a high of 103.00 and a low of 70.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Cognizant Technology Solutions Corp is 6.20, ranking 357 out of 481 in the Software & IT Services industry. Currently, the stock price is trading between the resistance level at 64.89 and the support level at 56.78, making it suitable for range-bound swing trading.
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The current institutional shareholding score of Cognizant Technology Solutions Corp is 10.00, ranking 1 out of 481 in the Software & IT Services industry. The latest institutional shareholding proportion is 105.10%, representing a quarter-over-quarter decrease of 0.07%. The largest institutional shareholder is The Vanguard, holding a total of 59.98M shares, representing 12.54% of shares outstanding, with 4.97% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Software & IT Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Cognizant Technology Solutions Corp is 8.98, ranking 14 out of 481 in the Software & IT Services industry. The company's beta value is 0.99. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. with an industry-leading ESG disclosure.
