Cognizant Technology Solutions (NASDAQ:CTSH) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of at least $4.53 for the period, compared to the Thomson Reuters consensus estimate of $4.35. The company issued revenue guidance of $16-16.3 billion, compared to the consensus revenue estimate of $16.19 billion.Cognizant Technology Solutions also updated its Q1 guidance to at least $1.04 EPS.

Shares of Cognizant Technology Solutions (CTSH) opened at $75.16 on Friday. The company has a market capitalization of $45,119.64, a price-to-earnings ratio of 29.71, a PEG ratio of 1.54 and a beta of 1.11. Cognizant Technology Solutions has a 52 week low of $56.29 and a 52 week high of $79.28. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.29 and a current ratio of 3.21.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, February 7th. The information technology service provider reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.15. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Cognizant Technology Solutions had a return on equity of 19.94% and a net margin of 10.15%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 EPS. research analysts predict that Cognizant Technology Solutions will post 3.94 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 22nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.06%. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, February 21st. Cognizant Technology Solutions’s payout ratio is presently 23.72%.

CTSH has been the topic of a number of recent analyst reports. Jefferies Group reiterated a buy rating and set a $81.00 target price on shares of Cognizant Technology Solutions in a research note on Thursday, October 12th. Cowen reiterated a buy rating and set a $80.00 target price on shares of Cognizant Technology Solutions in a research note on Thursday, October 12th. KeyCorp reiterated a buy rating and set a $79.00 target price on shares of Cognizant Technology Solutions in a research note on Thursday, October 12th. Robert W. Baird lifted their target price on Cognizant Technology Solutions from $80.00 to $90.00 and gave the stock an outperform rating in a research note on Thursday, October 19th. Finally, Barclays lifted their target price on Cognizant Technology Solutions from $80.00 to $90.00 and gave the stock an overweight rating in a research note on Monday, October 30th. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Cognizant Technology Solutions presently has an average rating of Buy and an average price target of $83.80.

In other Cognizant Technology Solutions news, insider Chandrasekaran Ramakrishnan sold 25,000 shares of Cognizant Technology Solutions stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $78.00, for a total transaction of $1,950,000.00. Following the completion of the transaction, the insider now owns 196,300 shares of the company’s stock, valued at approximately $15,311,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Malcolm Frank sold 9,462 shares of Cognizant Technology Solutions stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $70.61, for a total value of $668,111.82. Following the transaction, the vice president now directly owns 15,533 shares of the company’s stock, valued at approximately $1,096,785.13. The disclosure for this sale can be found here. Insiders have sold a total of 961,064 shares of company stock valued at $70,504,403 in the last ninety days. Insiders own 1.08% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Cognizant Technology Solutions (CTSH) Releases FY18 Earnings Guidance” was published by Daily Political and is owned by of Daily Political. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & international trademark & copyright laws. The original version of this news story can be viewed at https://www.dailypolitical.com/2018/02/09/cognizant-technology-solutions-ctsh-releases-fy18-earnings-guidance.html.

About Cognizant Technology Solutions

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.

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

Receive News & Ratings for Cognizant Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.