Analysts predict that Cognizant Technology Solutions Co. (NASDAQ:CTSH – Get a rating) will report earnings per share (EPS) of $1.09 for the current fiscal quarter, according to Zacks. Six analysts made earnings estimates for Cognizant Technology Solutions. The lowest EPS estimate is $1.07 and the highest is $1.13. Cognizant Technology Solutions posted earnings of $0.99 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 10.1%. The company is expected to release its next results on Monday, January 1.
On average, analysts expect Cognizant Technology Solutions to report annual earnings of $4.51 per share for the current year, with EPS estimates ranging from $4.46 to $4.57. For the next fiscal year, analysts expect the company to report earnings of $5.01 per share, with EPS estimates ranging from $4.86 to $5.20. Zacks’ earnings per share calculations are an average based on a survey of sell-side research companies that cover Cognizant’s technology solutions.
Cognizant Technology Solutions (NASDAQ:CTSH – Get a rating) last announced its quarterly results on Wednesday, May 4. The information technology services provider reported earnings per share (EPS) of $1.08 for the quarter, beating analyst consensus estimates of $1.04 by $0.04. Cognizant Technology Solutions achieved a net margin of 11.59% and a return on equity of 19.07%. The company posted revenue of $4.83 billion for the quarter, versus $4.83 billion expected by analysts. In the same quarter a year earlier, the company posted EPS of $0.97. Cognizant Technology Solutions revenue increased 9.7% compared to the same quarter last year.
A number of research analysts have recently commented on CTSH stocks. Cowen lowered his target price on Cognizant Technology Solutions from $98.00 to $95.00 in a Monday, May 9 research report. Citigroup reduced its target price on Cognizant Technology Solutions from $95.00 to $88.00 in a Thursday, May 5 research note. BMO Capital Markets raised its price target on Cognizant Technology Solutions from $92.00 to $100.00 in a Thursday, February 3, research report. Cowen lowered its price target on Cognizant Technology Solutions from $98.00 to $95.00 in a Monday, May 9 report. To finish, StockNews.com downgraded Cognizant Technology Solutions from a “strong buy” rating to a “buy” rating in a Wednesday, May 11 report. One financial analyst has assigned the stock a sell rating, five have assigned a hold rating and ten have assigned the stock a buy rating. According to MarketBeat, Cognizant Technology Solutions has an average rating of “Buy” and a consensus price target of $91.69.
Cognizant Technology Solutions stock traded at $1.99 at midday Friday, hitting $74.73. The stock had a trading volume of 2,524,534 shares, compared to an average volume of 3,163,554. Cognizant Technology Solutions has a 52-week low of $66.19 and a 52-week high of $93.47. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt ratio of 0.05. The company has a market capitalization of $38.95 billion, a PE ratio of 17.92, a P/E/G ratio of 1.30 and a beta of 1.10. The company’s fifty-day moving average is $82.21 and its two-hundred-day moving average is $84.30.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 31. Shareholders of record on Friday, May 20 will receive a dividend of $0.27 per share. This represents a dividend of $1.08 on an annualized basis and a dividend yield of 1.45%. The ex-date of this dividend is Thursday, May 19. Cognizant Technology Solutions payout ratio is 25.90%.
Separately, director Leo S. Jr. Mackay sold 4,778 shares of the company in a trade dated Monday, March 7. The stock was sold at an average price of $88.52, for a total value of $422,948.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available via this link. Also, director Michael Patsalos-Fox sold 5,687 shares of the company in a trade dated Tuesday, May 17. The shares were sold at an average price of $74.40, for a total value of $423,112.80. Following the completion of the sale, the director now directly owns 57,534 shares of the company, valued at $4,280,529.60. Disclosure of this sale can be found here. In the past three months, insiders have sold 16,332 shares of the company valued at $1,299,228. 0.31% of the shares are held by insiders.
A number of hedge funds have recently changed their CTSH holdings. Cornerstone Advisory LLC acquired a new stake in Cognizant Technology Solutions in the fourth quarter for a value of approximately $27,000. Hardy Reed LLC acquired a new stake in Cognizant Technology Solutions during Q1 valued at $27,000. MV Capital Management Inc. increased its stake in Cognizant Technology Solutions by 94.8% during the 4th quarter. MV Capital Management Inc. now owns 302 shares of the information technology service provider valued at $27,000 after purchasing an additional 147 shares during the period. GeoWealth Management LLC acquired a new position in shares of Cognizant Technology Solutions in the third quarter worth $26,000. Finally, Fieldpoint Private Securities LLC increased its stake in shares of Cognizant Technology Solutions by 475.4% in the fourth quarter. Fieldpoint Private Securities LLC now owns 397 shares of the information technology service provider worth $35,000 after acquiring 328 additional shares in the last quarter. Institutional investors hold 90.73% of the company’s shares.
Cognizant Technology Solutions Company Profile (Get a rating)
Cognizant Technology Solutions Corporation, a professional services firm, provides consulting, technology and outsourcing services in North America, Europe and internationally. It operates through four segments: Financial Services; Health care; products and resources; and communications, media and technology.
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