Equities analysts expect Cognizant Technology Solutions Corp (NASDAQ:CTSH) to announce earnings of $1.10 per share for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Cognizant Technology Solutions’ earnings, with the lowest EPS estimate coming in at $1.09 and the highest estimate coming in at $1.11. Cognizant Technology Solutions posted earnings of $0.93 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 18.3%. The business is expected to issue its next quarterly earnings results before the market opens on Thursday, August 2nd.

According to Zacks, analysts expect that Cognizant Technology Solutions will report full-year earnings of $4.47 per share for the current year, with EPS estimates ranging from $4.30 to $4.50. For the next fiscal year, analysts forecast that the firm will post earnings of $5.09 per share, with EPS estimates ranging from $4.95 to $5.20. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Cognizant Technology Solutions.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Monday, May 7th. The information technology service provider reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. Cognizant Technology Solutions had a return on equity of 20.48% and a net margin of 9.67%. The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. Cognizant Technology Solutions’s revenue for the quarter was up 10.3% on a year-over-year basis.

CTSH has been the topic of several research analyst reports. BidaskClub upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, June 16th. Pivotal Research reiterated a “buy” rating and issued a $91.00 price objective on shares of Cognizant Technology Solutions in a research note on Monday, May 7th. Zacks Investment Research upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research report on Tuesday, May 1st. Credit Suisse Group set a $95.00 target price on Cognizant Technology Solutions and gave the stock a “buy” rating in a research report on Tuesday, May 8th. Finally, Morgan Stanley dropped their target price on Cognizant Technology Solutions to $88.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $86.09.

In related news, insider Sean Middleton sold 650 shares of the stock in a transaction on Friday, June 15th. The stock was sold at an average price of $80.64, for a total value of $52,416.00. Following the sale, the insider now owns 4,292 shares in the company, valued at $346,106.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sumithra Gomatam sold 1,597 shares of the stock in a transaction on Monday, June 4th. The stock was sold at an average price of $77.02, for a total value of $123,000.94. Following the completion of the sale, the insider now owns 6,312 shares in the company, valued at approximately $486,150.24. The disclosure for this sale can be found here. Insiders sold 29,412 shares of company stock worth $2,306,068 in the last quarter. 0.60% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in Cognizant Technology Solutions by 10.9% in the first quarter. BlackRock Inc. now owns 40,069,496 shares of the information technology service provider’s stock valued at $3,225,593,000 after acquiring an additional 3,948,014 shares during the last quarter. Millennium Management LLC increased its stake in Cognizant Technology Solutions by 83.4% in the fourth quarter. Millennium Management LLC now owns 1,512,077 shares of the information technology service provider’s stock valued at $107,388,000 after acquiring an additional 687,626 shares during the last quarter. Hexavest Inc. bought a new position in Cognizant Technology Solutions in the second quarter valued at $50,206,000. Edgewood Management LLC increased its stake in Cognizant Technology Solutions by 3.5% in the first quarter. Edgewood Management LLC now owns 17,723,514 shares of the information technology service provider’s stock valued at $1,426,743,000 after acquiring an additional 596,707 shares during the last quarter. Finally, Genesis Asset Managers LLP increased its stake in Cognizant Technology Solutions by 25.2% in the second quarter. Genesis Asset Managers LLP now owns 2,903,755 shares of the information technology service provider’s stock valued at $229,368,000 after acquiring an additional 584,909 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Cognizant Technology Solutions stock traded down $1.61 during trading on Tuesday, hitting $81.71. The stock had a trading volume of 4,163,144 shares, compared to its average volume of 3,367,121. Cognizant Technology Solutions has a 1 year low of $67.61 and a 1 year high of $85.10. The company has a current ratio of 3.64, a quick ratio of 3.64 and a debt-to-equity ratio of 0.06. The company has a market cap of $47.87 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 1.56 and a beta of 1.03.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers business, process, operations, and technology consulting services; application design and development, and systems integration services; application testing, consulting, and engineering services; and enterprise information management services.

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

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