Equities research analysts predict that Cognizant Technology Solutions Corp (NASDAQ:CTSH) will post earnings per share of $0.95 for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Cognizant Technology Solutions Corp’s earnings, with the lowest EPS estimate coming in at $0.94 and the highest estimate coming in at $0.96. Cognizant Technology Solutions Corp posted earnings of $0.86 per share in the same quarter last year, which indicates a positive year over year growth rate of 10.5%. The business is expected to report its next quarterly earnings results on Monday, November 6th.

On average, analysts expect that Cognizant Technology Solutions Corp will report full year earnings of $3.69 per share for the current year, with EPS estimates ranging from $3.65 to $3.74. For the next year, analysts expect that the firm will report earnings of $4.35 per share, with EPS estimates ranging from $4.15 to $4.44. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Cognizant Technology Solutions Corp.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) last posted its quarterly earnings data on Thursday, August 3rd. The information technology service provider reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.11. Cognizant Technology Solutions Corp had a return on equity of 18.42% and a net margin of 12.81%. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the previous year, the business earned $0.87 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year.

A number of equities research analysts recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $78.00 price target (up from $72.00) on shares of Cognizant Technology Solutions Corp in a research report on Wednesday, August 9th. Berenberg Bank upgraded Cognizant Technology Solutions Corp from a “hold” rating to a “buy” rating and increased their price target for the stock from $65.00 to $85.00 in a research report on Tuesday, August 8th. KeyCorp reiterated a “buy” rating and issued a $79.00 price objective on shares of Cognizant Technology Solutions Corp in a research report on Friday, September 8th. Zacks Investment Research upgraded Cognizant Technology Solutions Corp from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Tuesday, August 8th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $76.00 price objective (up from $69.00) on shares of Cognizant Technology Solutions Corp in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Cognizant Technology Solutions Corp currently has an average rating of “Buy” and an average target price of $71.43.

COPYRIGHT VIOLATION WARNING: “Zacks: Analysts Anticipate Cognizant Technology Solutions Corp (CTSH) to Announce $0.95 EPS” was posted by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/09/14/zacks-analysts-anticipate-cognizant-technology-solutions-corp-ctsh-to-announce-0-95-eps.html.

In other Cognizant Technology Solutions Corp news, President Rajeev Mehta sold 32,000 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $72.02, for a total transaction of $2,304,640.00. Following the completion of the transaction, the president now owns 170,063 shares in the company, valued at approximately $12,247,937.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Chandrasekaran Ramakrishnan sold 25,000 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $72.00, for a total value of $1,800,000.00. Following the transaction, the insider now owns 311,923 shares of the company’s stock, valued at approximately $22,458,456. The disclosure for this sale can be found here. In the last quarter, insiders have sold 220,330 shares of company stock valued at $15,622,069. Corporate insiders own 1.08% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Intl Fcstone Inc. bought a new position in Cognizant Technology Solutions Corp during the 2nd quarter worth about $250,000. Gs Investments Inc. bought a new position in Cognizant Technology Solutions Corp during the 2nd quarter worth about $2,337,000. Lord Abbett & CO. LLC bought a new position in Cognizant Technology Solutions Corp during the 2nd quarter worth about $2,390,000. WFG Advisors LP increased its holdings in Cognizant Technology Solutions Corp by 46.4% during the 2nd quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock worth $130,000 after purchasing an additional 621 shares in the last quarter. Finally, Toronto Dominion Bank increased its holdings in Cognizant Technology Solutions Corp by 21.0% during the 2nd quarter. Toronto Dominion Bank now owns 204,966 shares of the information technology service provider’s stock worth $13,608,000 after purchasing an additional 35,518 shares in the last quarter. Hedge funds and other institutional investors own 87.64% of the company’s stock.

Cognizant Technology Solutions Corp (NASDAQ CTSH) traded down 0.66% during mid-day trading on Thursday, hitting $71.79. The stock had a trading volume of 1,126,480 shares. The stock has a 50 day moving average of $70.41 and a 200-day moving average of $64.97. The firm has a market cap of $42.40 billion, a P/E ratio of 23.03 and a beta of 1.14. Cognizant Technology Solutions Corp has a 1-year low of $45.44 and a 1-year high of $73.00.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Friday, August 18th. Cognizant Technology Solutions Corp’s dividend payout ratio (DPR) is presently 19.17%.

About Cognizant Technology Solutions Corp

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.

Get a free copy of the Zacks research report on Cognizant Technology Solutions Corp (CTSH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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