Wall Street brokerages forecast that Cognizant Technology Solutions Corporation (NASDAQ:CTSH) will announce $0.95 earnings per share for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Cognizant Technology Solutions Corporation’s earnings. The highest EPS estimate is $0.96 and the lowest is $0.94. Cognizant Technology Solutions Corporation posted earnings per share of $0.86 during the same quarter last year, which suggests a positive year over year growth rate of 10.5%. The company is expected to issue its next quarterly earnings report before the market opens on Wednesday, November 1st.

According to Zacks, analysts expect that Cognizant Technology Solutions Corporation will report full-year earnings of $3.69 per share for the current financial year, with EPS estimates ranging from $3.65 to $3.74. For the next year, analysts anticipate that the business will post earnings of $4.35 per share, with EPS estimates ranging from $4.15 to $4.44. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Cognizant Technology Solutions Corporation.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last released its earnings results on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the firm earned $0.87 earnings per share. Cognizant Technology Solutions Corporation’s revenue was up 8.9% compared to the same quarter last year.

CTSH has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Tuesday, October 10th. Bank of America Corporation restated a “buy” rating and issued a $86.00 price objective on shares of Cognizant Technology Solutions Corporation in a report on Tuesday, September 12th. Robert W. Baird increased their price objective on Cognizant Technology Solutions Corporation from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday. KeyCorp restated a “buy” rating and issued a $79.00 price objective on shares of Cognizant Technology Solutions Corporation in a report on Friday, September 8th. Finally, Cowen and Company restated a “buy” rating and issued a $75.00 price objective on shares of Cognizant Technology Solutions Corporation in a report on Friday, July 28th. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $74.07.

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Shares of Cognizant Technology Solutions Corporation (CTSH) opened at 74.80 on Friday. The company has a 50-day moving average of $72.63 and a 200-day moving average of $67.67. Cognizant Technology Solutions Corporation has a 12-month low of $50.11 and a 12-month high of $74.82. The stock has a market capitalization of $44.18 billion, a P/E ratio of 24.00 and a beta of 1.12.

In other news, EVP Allen Shaheen sold 442 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $70.58, for a total value of $31,196.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Chandrasekaran Ramakrishnan sold 25,000 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the sale, the insider now owns 360,856 shares in the company, valued at approximately $25,259,920. The disclosure for this sale can be found here. In the last 90 days, insiders sold 281,095 shares of company stock worth $20,095,913. 1.08% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC grew its stake in shares of Cognizant Technology Solutions Corporation by 92.6% in the second quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock worth $110,000 after acquiring an additional 800 shares during the last quarter. WFG Advisors LP grew its stake in shares of Cognizant Technology Solutions Corporation by 46.4% in the second quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock worth $130,000 after acquiring an additional 621 shares during the last quarter. Krilogy Financial LLC acquired a new stake in shares of Cognizant Technology Solutions Corporation in the second quarter worth $137,000. Guardian Life Insurance Co. of America grew its stake in shares of Cognizant Technology Solutions Corporation by 1.2% in the first quarter. Guardian Life Insurance Co. of America now owns 2,351 shares of the information technology service provider’s stock worth $140,000 after acquiring an additional 27 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its position in Cognizant Technology Solutions Corporation by 15.7% in the second quarter. Manchester Capital Management LLC now owns 2,728 shares of the information technology service provider’s stock worth $181,000 after purchasing an additional 370 shares during the period. Institutional investors and hedge funds own 87.56% of the company’s stock.

About Cognizant Technology Solutions Corporation

Cognizant Technology Solutions Corporation is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Financial Services segment includes customers providing banking/transaction processing, capital markets and insurance services.

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Earnings History and Estimates for Cognizant Technology Solutions Corporation (NASDAQ:CTSH)

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